Revised Proceedings of AGM held on September 21, 2025
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Mardia Samyoung Capillary Tubes Company held its 33rd AGM on September 21, 2025, via video conferencing, starting at 2:00 PM and concluding at 2:23 PM. Shareholders adopted the audited Balance Sheet and Profit & Loss Account for the financial year ended March 31, 2025, and approved the re-appointment of Managing Director Mr. Dhaval Dharmendrabhai Joshi, who retires by rotation. The meeting also cleared several special items including the appointment of two new Independent Directors (Ms. Sonal Vaghela and Mr. Jaykumar Patel), a new Non-Executive Director (Mr. Keyur Saxsena), and SCS & CO. LLP as Secretarial Auditors. Notably, shareholders approved a Special Resolution to shift the registered office from Mumbai (Maharashtra) to Ahmedabad (Gujarat), along with amendments to the Memorandum and Articles of Association.
The office relocation to Gujarat could signal a strategic shift, possibly toward better industrial proximity or regulatory ease, though the company's Tarapur (Maharashtra) plant remains operational. Multiple board changes and MOA/AOA overhauls suggest governance restructuring. Voting results under Regulation 44(3) are still awaited, which may provide further clarity on shareholder approval levels.