AGM Results: Both Resolutions Passed With Over 99.98% Approval
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On the reaction day the stock moved 4.0 pts less than Nifty Microcap 250 and 3.0 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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MFS Intercorp held its 40th AGM on Sept 28, 2026. Both ordinary resolutions passed with 99.98% approval: adoption of audited financial statements for FY ended March 31, 2026, and re-appointment of Mr. Satishkumar Suthar as director. 1,149,513 votes in favor versus 212 against. Only 26.58% of outstanding shares were polled. Promoter group did not vote. 18 public shareholders attended via video conferencing.
Routine AGM items approved comfortably. Low voting turnout at 26.58% signals limited shareholder participation. No material impact expected on stock price.