Disclosure of e-voting results and scrutinizer''s report for 23rd Annual General Meeting of the Company held on 30th September, 2025
MARKOLINES · price
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Markolines Pavement Technologies held its 23rd AGM on 30th September 2025, where all 8 resolutions were passed with 100% votes in favour and zero dissent. Total votes polled were 1,31,35,359 (about 59.7% of outstanding shares), with promoter group fully participating (1,25,22,935 shares) and public non-institutions polling 6,12,424 shares (6.49% of their holding). Key items approved include adoption of audited FY25 financial statements, final dividend of Rs. 1.5 per share (15% on face value of Rs. 10), re-appointment of Non-Executive Director Ms. Kirtinandini Patil, re-appointment of statutory auditor M/s. Jay Gupta & Associates, appointment of M/s. DSM & Associates as secretarial auditor for 5 years (FY26-FY30), increase in borrowing limits under Section 180(1)(c), increase in limits for securitization/creating charges under Section 180(1)(a), and amendment to the Articles of Association.
Shareholders have approved a Rs. 1.5 per share dividend, and the company has secured approvals to raise its borrowing capacity and modify its Articles, giving it more financial flexibility going forward. The unanimous approval across all resolutions indicates no shareholder opposition, which is generally neutral to slightly positive for stock sentiment.