Voting Results and Consolidated Report of the Scrutinizer for the 38th Annual General Meeting ("AGM") of the Company held on Tuesday, September 30, 2025 is attached herewith.
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Awaiting price reaction for this filing.
Mini Diamonds (India) Limited held its 38th Annual General Meeting on September 30, 2025, via video conferencing, where all 11 resolutions were passed with overwhelming shareholder support. Out of 14,550 shareholders on record, 71 attended through VC, and a total of 4,751,514 votes were polled (20.16% of outstanding shares). Promoters polled 531,782 of their 1,153,260 shares (46.11%), while public non-institutions polled 4,219,732 of their 22,415,856 shares (18.82%). Every single resolution received 4,751,513 votes in favor and just 1 against, giving a near-unanimous 99.99998% approval. The resolutions covered routine items like adoption of audited financial statements, re-appointment of a director liable to retire by rotation, appointment of secretarial auditors for 5 years, and approval of CMD remuneration, along with special business including re-appointment of an Independent Director and an Executive Director, an increase in borrowing limits under Section 180(1)(c), creation of charges under Section 180(1)(a), Section 185 intercorporate loan transactions, and enhancement of investment/loan limits under Section 186.
Routine procedural clearance — all agenda items approved decisively, giving the board the green light to raise additional borrowings, grant intercorporate loans, and enhance investment limits. With only 1 dissenting vote across 11 resolutions, there is no meaningful shareholder pushback, so this filing is unlikely to move the stock price on its own.