Mohit Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
MOHITIND · price
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Mohit Industries Limited held its 35th Annual General Meeting on Monday, September 29, 2025, via Video Conference from 12:00 PM to 12:25 PM. Mr. Mohit Saboo chaired the meeting, which was attended by all directors, the Chairperson of key committees, and the Secretarial Auditor. Six resolutions were tabled, including adoption of audited financial statements for FY ending March 31, 2025, re-appointment of Mr. Narayan Saboo as a director liable to retire by rotation, ratification of Cost Auditor remuneration for FY 2025-26, and appointment of M/s. Dhirren R. Dave & Co. as Secretarial Auditors. Additionally, shareholders were asked to approve material related party transactions for FY 2025-26 involving the promoter group (Mr. Narayan Saboo, Mr. Manish Saboo, and Mr. Mohit Saboo). A special resolution was passed for the re-appointment of Mr. Narayan Sitaram Saboo as Managing Director. Voting was conducted electronically, with results to be declared separately within the prescribed timelines.
This is a procedural disclosure and is largely neutral for shareholders. However, the approval of material related party transactions with the promoter family is a point to watch, and the re-appointment of Mr. Narayan Saboo as Managing Director ensures continuity in leadership. Investors should await the voting results to confirm shareholder support on each resolution.