MITCON Consultancy & Engineering Services Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
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MITCON Consultancy & Engineering Services Limited has submitted the Scrutinizer's Report on the Postal Ballot conducted via e-voting between April 1, 2025 and April 30, 2025, through NSDL. Five resolutions were put to vote, covering: (1) appointment of Mr. Manjunath Jyothinagara as Independent Director, (2) approval of material related party transactions, (3) increase in borrowing limits of the Board, (4) authorisation for the Board to create charges on company assets, and (5) increase in Section 186 limits for giving loans, guarantees or making investments. All five resolutions were approved with overwhelming support — 99.92% in favour among fully paid-up shareholders and 100% in favour among partly paid-up shareholders (Rs. 2.50 paid per share). The Scrutinizer was M P Sanghavi & Associates LLP, and only 27 fully paid-up and 16 partly paid-up shareholders participated in voting.
All five resolutions have cleared with near-unanimous shareholder approval, giving the Board expanded authority on borrowings, asset charges, loans/investments and related party transactions, and confirming the new Independent Director's appointment. This is a routine procedural outcome with no negative surprise for shareholders.