Voting Results and Scrutinizer Report dt.31-05-2025 for the First Extra-ordianry general Meeting for the FY 2025-2026 pursuant to regulation 44(3) of the SEBI (LODR) Regulations, 2015.
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Minal Industries Limited held its first Extraordinary General Meeting (EGM) for FY 2025-26 on 30th May 2025 via video conferencing. The meeting started at 11:34 AM and concluded at 12:00 PM, with a delayed start due to a technical glitch. Shareholders approved one Special Resolution to regularise the appointment of Mr. Divyanshu Navlakha (DIN: 01162140) as a Non-Executive Non-Independent Director. Out of 14,864 shareholders on record date, 35 attended through VC (2 promoters and 33 public shareholders). The resolution was passed unanimously with 100% of valid votes in favour — 89,886,163 shares voted in favour versus just 5 shares against. Notably, 17,500,000 votes held by Mr. Navlakha himself were declared invalid since he was interested in the resolution.
The appointment of Mr. Divyanshu Navlakha as a Non-Executive Non-Independent Director has been formally regularised with overwhelming shareholder support. Since this was a routine governance approval with near-unanimous backing, there is likely no material impact on the stock price.