The Motor & General Finance Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2025
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The Motor & General Finance Limited held its 95th Annual General Meeting on September 25, 2025, at 11:30 AM via video conferencing, with 72 members present. The meeting was chaired by Arun Mitter, as Chairman & Managing Director Rajiv Gupta and Joint Managing Director Arti Gupta were unable to attend due to prior commitments. The statutory auditors gave an unqualified and unmodified report on the financial statements for FY ended March 31, 2025, and 13 resolutions were put to vote through remote e-voting and e-voting at the meeting. Key resolutions included re-appointment of the CMD, JMD, and Executive Director with remuneration, approval of related party transactions with four entities (Ram Prakash & Co, India Lease Development, Bahubali Services, and Jayabharat Credit), and contribution to charitable funds. The voting results are to be communicated to the exchanges within the prescribed time limit.
This is a routine regulatory disclosure of AGM proceedings, with no new financial surprises — the auditor's report is clean. Shareholders should watch for the upcoming voting results, particularly the special resolutions on director remuneration and related party transactions, which will require higher approval thresholds.