Minda Corporation Limited has informed the Exchange regarding 'The e-voting results of the 40th Annual General Meeting of the Company along with the Scrutinizer s Report.'
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Minda Corporation held its 40th AGM on August 22, 2025 via video conferencing, where shareholders voted on 9 resolutions — all of which were approved. Key items included adoption of FY25 audited financial statements (99.99% in favour), confirmation of interim and final dividend on equity shares (99.99% in favour), and ratification of cost auditors' remuneration. Shareholders also approved the re-appointment of Mr. Ashok Minda as Chairman & Group CEO (96.91% in favour) and Mr. Aakash Minda as Executive Director (98.77% in favour). BMP & Co. LLP was appointed as Secretarial Auditor for a 5-year term. A resolution allowing the company to extend loans, guarantees, and financial support to entities where directors are interested (Section 185) passed with 90.19% in favour — the lowest support among all resolutions, with 9.81% dissenting votes. The Scrutinizer confirmed all resolutions were passed with the requisite majority.
All routine AGM items including the dividend, director re-appointments, and auditor ratifications cleared comfortably, signalling shareholder confidence in management. The relatively higher dissent on the related-party loan resolution (9.81%) and Ashok Minda's re-appointment (3.09%) is worth noting but does not materially affect the outcome. For shareholders, the confirmed final dividend is a positive cash return event.