The Proceedings of the Annual General Meeting held through Video Conference.
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MFL India Limited held its 42nd AGM on August 2, 2025, at 12:30 PM via Video Conferencing. Chairman and Managing Director Mr. Anil Thukral, CFO Mr. Khemraj, Independent Director Mr. Atul Kumar, and Company Secretary Ms. Nupur attended the meeting; two directors were absent. Shareholders approved the audited financial statements for FY ended March 31, 2025, re-appointed Mr. Jafar Ahamed (retiring by rotation), and appointed Ms. Priyanka Agarwal as Secretarial Auditor for five years (FY26–FY30). Mr. Vineet Arora (~0.4% / 15,12,602 shares) was reclassified from the 'Promoter' to the 'Public' category. A special resolution was passed to revise the Managing Director's remuneration to Rs. 2.50 lakh per month in the grade of 2,50,000–50,000–3,00,000. Material related party transactions with Shri Krishan Aggregates Pvt Ltd and Artha Logistics Pvt Ltd were approved, along with a special resolution enabling conversion of existing and future loans into equity. Voting results (remote e-voting + poll) are to be declared within two days by the scrutinizer, M/s Amit Agrawal & Associates.
Routine AGM compliance with no negative surprises, but the approval to convert loans into equity could dilute existing shareholders, and the reclassification of a shareholder from promoter to public slightly reduces the formal promoter holding. Investors should watch for the declared voting results and any equity issuance arising from the loan-conversion resolution.