Man Industries 38th AGM: All 4 resolutions passed with requisite majority

Board & Shareholder Meetings View source PDF Explain this filing

MANINDS · price

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Price reactionminutes from the announcement price · days from the prior close

-6.6%Reaction day

₹1020.00

prior close

₹965.65

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Nifty Microcap 250market · in no size index; the smallest one is used-1.6%-5.0% vs market

Iron & Steel Products peers, median of 106sector-1.0%-5.6% vs sector

On the reaction day the stock moved 5.0 pts less than Nifty Microcap 250 and 5.6 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 106Pending

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AI summary

Man Industries held its 38th AGM on Sept 25, 2026 via video conferencing. 52,868 shareholders on record; 41 attended. All 4 resolutions passed. Audited financials adoption (99.99% in favor) and cost auditor pay ratification (99.98%) cleared easily. Special resolutions to enhance lending and borrowing limits under Sections 185 and 186 passed with 98.02% support. Notably, institutional investors voted 94.84% against the Section 185 and 186 limit hikes.

Likely market impact

All proposals cleared. Institutional investors flagged concern on enhanced lending and borrowing limits under Sections 185 and 186.