Voting Result for the 27th Annual General Meeting of the Company.
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Mayank Cattle Food Limited (BSE: 544106) held its 27th AGM on September 25, 2025, where all 7 resolutions were passed. Resolutions 1 to 6 received 30,90,300 votes in favour (57.23% of outstanding shares) with 100% approval and zero votes against. These included adoption of FY25 audited financial statements, re-appointment of Mr. Mayank Bharatkumar Vachhani (retiring by rotation), ratification of Cost Auditor's remuneration, appointment of two new Non-Executive Independent Directors (Mr. Vimal Bachubhai Virani and Mr. Hitesh Naranbhai Parsana), and variation in the object clause of the January 2024 prospectus for re-deployment of IPO proceeds. Resolution 7, approving a loan to subsidiary Nanogen Agrochem Private Limited under Section 185, was passed only by public shareholders (4,32,600 votes, 8.01% polling) as promoters abstained due to being interested. Out of 331 total shareholders, only 14 attended (6 promoters + 8 public).
All resolutions passed unanimously with no dissent, reflecting smooth governance. Shareholders should note the change in use of IPO proceeds (Resolution 6) and the inter-corporate loan to a related subsidiary (Resolution 7), which may warrant a review of how funds are being reallocated and deployed within the group.