41st Annual Report and AGM notice; sale of subsidiary to MD proposed
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Mefcom Capital Markets filed its 41st Annual Report for FY26 and notified the 41st AGM on 8 August 2026. Key resolutions include approving sale of the company entire 60 percent stake in subsidiary Mefcom Securities to promoter and MD Vijay Mehta as a related party transaction, with BSE and NSE already clearing the transfer. Other items seek ratification of managerial remuneration paid in excess of statutory limits for FY26, approval of similar excess pay for FY27, continuation of Dr Shri Ram Khanna as independent director beyond age 75, reappointment of a retiring director, and adoption of audited accounts. Remote e-voting runs from 5 to 7 August 2026.
Shareholders will vote on exiting the broking subsidiary via a related party sale to the MD and ratify excess director pay, which may draw governance scrutiny.