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Awaiting price reaction for this filing.
Milgrey Finance & Investments Ltd held its Annual General Meeting on 30 September 2025 in Mumbai, where all 6 resolutions were passed unanimously with 100% votes in favor. Only 24 members holding 43,65,624 shares voted, and all did so through physical ballot forms at the venue — no shareholders used the e-voting facility. Key resolutions approved include the adoption of FY25 audited financial statements, appointment of M/s. K S Subrahmanyam & Co. as the new statutory auditor for 3 years, re-appointment of Mr. Manav Kumar as a director, and appointment of Mr. Nirmal Lunkar as Managing Director and Ms. Kinjal Vora as Independent Director for 5-year terms. The most material resolution was the approval to raise funds up to Rs. 100 Crores in one or more tranches, as decided by the Board from time to time.
All resolutions passed with full consensus, including shareholder approval to raise up to Rs. 100 Crores — this gives the board broad flexibility to issue equity, debt, or other instruments, which could lead to dilution or additional borrowings depending on the route chosen. Very low shareholder participation (only 24 members) indicates the company is closely held or has limited public float, so this filing is largely procedural with minimal impact on retail shareholders.