Submission of Voting Results and Scrutinizer`s Report of the 31st Annual General Meeting of the Company held on 25th September 2025
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Money Masters Leasing & Finance Ltd held its 31st AGM on 25th September 2025 via video conferencing, where shareholders voted on 4 resolutions. Of the 6,961 shareholders on record, only 37 attended (3 promoter group and 34 public) and 39 members cast valid votes representing about 39% of outstanding shares. Three resolutions passed comfortably with over 99.98% support, including adoption of FY25 audited financial statements and appointment of M/s. HRU & Associates as Secretarial Auditor. However, the re-appointment of Mr. Rakesh Anil Bissa as a director (retiring by rotation) was rejected, with 99.55% of votes cast against it. The re-appointment of Managing Director Mr. Hozef Darukhanawala passed with 99.98% support, though his promoter group shares (~3.48 crore) were treated as invalid votes as he was an interested party.
The rejection of the director re-appointment is unusual and signals shareholder dissatisfaction with Mr. Bissa; the company will need to fill this board vacancy, possibly through a casual vacancy appointment. The MD's continuation is confirmed, but with promoter votes excluded, the resolution passed only on the strength of public non-institutional shareholders.