42nd AGM voting results / scrutinizer''s report
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Manipal Finance Corporation Ltd held its 42nd Annual General Meeting on 26th September 2025, where all five resolutions were passed with 100% votes in favour. The resolutions included adopting the audited balance sheet as at 31st March 2025, reappointing Managing Director T Narayan M Pai (DIN 00101633), appointing Ms. Vinoda C. Sherigar as Non-Executive Non-Independent Director, appointing Mr. Hiriadka Mohandas as Independent Director, and appointing CS Ramachandra Bhat S as Secretarial Auditor. Out of 8,380,961 total outstanding shares, only 1,426,129 shares (about 17%) were voted through e-voting by 45 shareholders, with zero votes cast through poll or against any resolution. The scrutinizer, Mr. Ramachandra Bhat S, confirmed the e-voting process was fair and transparent.
All resolutions passed unanimously with no dissent, indicating shareholder alignment with management's proposals. However, the low voting turnout of just 17% suggests limited shareholder engagement, which is common in closely-held or smaller NBFC-type companies and is unlikely to impact the stock price.