Scrutinizer Report and voting result of the EGM
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Mena Mani Industries held an Extra-Ordinary General Meeting (EGM) on 31st December 2025 via video conferencing, lasting just 6 minutes (5:36 PM to 5:42 PM). Three special resolutions were put to vote and all passed unanimously with 100% votes in favour and zero votes against. The total votes polled were 5.45 crore shares out of 10.03 crore outstanding (54.40% participation). The resolutions covered: (1) preferential allotment of equity shares to non-promoter public shareholders for cash, (2) preferential allotment of equity shares to promoters for non-cash consideration, and (3) insertion of new clauses in the Memorandum of Association. Promoters holding 4.85 crore shares voted fully in favour along with public non-institutional shareholders holding 5.18 crore shares who participated in voting. Scrutinizer Chintan K. Patel, Practicing Company Secretary, certified the results.
The company is now authorised to issue new equity shares on a preferential basis, which will dilute existing shareholders' stakes. Promoters stand to increase their shareholding through a non-cash deal (possibly a share swap), while fresh capital will come in from public investors through the cash allotment. The MOA amendment hints at an expansion into new business areas. Investors should watch for follow-up disclosures on issue price, allotment quantity, and valuation of the promoter non-cash consideration.