as per the pdf attached
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mega Nirman and Industries held its 42nd Annual General Meeting on August 26, 2025, from 11:00 AM to 11:40 AM, where all 6 resolutions were passed. The resolutions included adoption of the audited financial statements for FY ended March 31, 2025, re-appointment of Mr. Ankan Gupta as Director (retiring by rotation), increase in authorised share capital, appointment of Mrs. Anubha Chauhan as Non-Executive Independent Director, appointment of M/s Chandan J & Associates as Secretarial Auditors, and approval for issuance of equity shares to existing shareholders through a Rights Issue. Voting was conducted via remote e-voting and physical poll, scrutinised by Apoorv Srivastava of Apoorv & Associates. All resolutions received 99.91% votes in favour and 0.09% against, though only about 2.39% of outstanding shares (80,087 votes) were polled out of 33,47,500 total shares, indicating very low shareholder participation.
The approved Rights Issue and increase in authorised share capital signal potential dilution for existing shareholders, which could pressure the share price in the short term. The addition of a new independent director is a positive governance signal. However, the extremely low voting turnout (under 2.5%) suggests limited engagement from shareholders, and the results largely reflect decisions of a small group of public retail holders since promoter group did not cast any votes.