Outcome of the 41st Annual General Meeting (AGM) of the Company.
Price
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Awaiting price reaction for this filing.
Modern Malleables Ltd held its 41st AGM on Saturday, 20th September 2025, where five resolutions were voted on. All resolutions passed unanimously with 100% votes in favour — 71,41,702 valid votes cast by 23 members, with zero votes against any resolution. The resolutions included: (1) adoption of audited standalone financial statements for FY ended 31st March 2025, (2) re-appointment of Mrs. Siddhishree Jhunihunwala as Director (retiring by rotation), (3) ratification of remuneration of Cost Auditors, (4) an ordinary resolution to increase the threshold for loans, guarantees, securities and investments under Section 186 of the Companies Act, 2013, and (5) a special resolution to approve related party transactions. Voting was conducted via CDSL's remote e-voting platform (17–19 September 2025) and physical ballot forms at the meeting. The process was scrutinised by ALP & Associates (Chartered Accountants), led by Mayur Agrawal.
This is a routine procedural filing — all items were approved with no dissent, signalling smooth governance with no shareholder objections. However, voter participation was very low (only 23 of 15,451 shareholders voted), which is typical for small-cap, low-float companies and limits the meaningfulness of the 'unanimous' result. No direct material impact on the stock price is expected.