Submission of proceedings of the 12th Annual General Meeting held on Thursday 25th September 2025 at 1:00 pm
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Mehai Technology held its 12th AGM on 25th September 2025 at 1:00 PM via video conferencing, chaired by Managing Director Jugal Kishore Bhagat. 118 members attended and the meeting concluded at 1:27 PM. Seven resolutions were tabled, including adoption of audited financial statements for FY ended March 31, 2025, re-appointment of Non-executive Director Rekha Devi Bhagat (retiring by rotation), doubling of authorised share capital from Rs 100 crore to Rs 200 crore, change in the Object Clause, appointment of Sumit Bist & Associates as Secretarial Auditor for 5 years, and appointment of Aditi Maity as Independent Director for 5 years. A key special business item seeks shareholder approval to disinvest and dispose of the company's entire shareholding in material subsidiary KBS Corporates Private Limited. Remote e-voting ran from 20–24 September, and scrutinizer Prity Bishwakarma will compile the consolidated voting results.
The proposed doubling of authorised capital and change in object clause suggest the company is preparing for future fundraising, expansion, or strategic moves, while the KBS Corporates disinvestment signals ongoing portfolio restructuring. Investors should watch the scrutinizer's report for final voting outcomes, as rejection of the capital or disinvestment items would be material.