Please find attached outcome/proceeding of the EGM of Manas Properties Limited held on 30.03.2026.
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Manas Properties Limited held its first Extraordinary General Meeting (EGM) of FY 2025-26 on 30th March 2026 at its registered office in Andheri West, Mumbai, from 2:00 PM to 3:30 PM. The single item of business transacted was the approval of a Material Related Party Transaction(s) with Dev Land & Housing Private Limited, passed as an Ordinary Resolution. Mr. Vijay Thakkar, Chairman and Non-Executive Director, recused himself from chairing the meeting because he and his relatives (who are Directors and Members) are interested in the transaction. The meeting was chaired by Ms. Sony Keishing, Independent Non-Executive Director. All related parties abstained from voting on the resolution. E-voting was conducted between 27th and 29th March 2026, and voting results are to be announced within two working days.
The EGM was a procedural step to seek shareholder approval for a material related party transaction with a promoter-group entity (Dev Land & Housing Pvt Ltd). Since the Thakkar family is the interested party and abstained, the outcome depends on minority/institutional shareholder votes. The transaction could have implications for related-party exposure and corporate governance; investors should watch for the voting results to gauge minority shareholder sentiment.