Submission of Scrutinizer report in respect of 12th Annual General Meeting of the company.
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Awaiting price reaction for this filing.
Mehai Technology Limited held its 12th AGM on 25 September 2025 via video conferencing, with 11,415 shareholders on record. Out of 37.05 crore total shares, 31.37 crore (84.66%) were polled through remote e-voting, with promoter group (20.09 crore shares) and public non-institutional shareholders (11.28 crore shares) participating. All 7 resolutions were passed with overwhelming support (over 99.99% in favour). Key items approved include adoption of FY25 audited financial statements, reappointment of Non-Executive Director Rekha Devi Bhagat, change in the Object Clause of the company, and a doubling of authorised share capital from Rs 100 crore to Rs 200 crore. Shareholders also approved the appointment of Ms. Aditi Maity as Independent Director for 5 years, M/s Sumit Bist & Associates as Secretarial Auditor for 5 years, and the disinvestment of the company's entire stake in material subsidiary KBS Corporates Private Limited.
The doubling of authorised capital and change in object clause signal the company is preparing for potential fundraising and/or a business pivot. The approved sale of KBS Corporates marks a strategic exit from a material subsidiary. All resolutions sailed through with near-unanimous support, indicating no meaningful shareholder dissent, so near-term price reaction is likely to be muted — but the capital and object-clause changes are the items to watch for future dilution or expansion announcements.