The Motor & General Finance Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2025. Further, the company has informed the Exchange regarding voting results.
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The Motor & General Finance Limited has submitted the Scrutinizer's Report along with voting results for its 95th Annual General Meeting held on September 25, 2025, which was conducted via video conferencing. All 13 resolutions were passed with overwhelming shareholder support — most with 100% votes in favour, and the four related-party transaction resolutions (with Ram Prakash & Co, India Lease Development, Bahubali Services, and Jayabharat Credit) with 99.97% in favour. Key resolutions include adoption of standalone and consolidated audited financial statements for FY ending March 31, 2025, re-appointment of Chairman & MD Rajiv Gupta, Joint MD Arti Gupta, and Executive Director Arun Mitter along with their remuneration, and approval of sitting fees for non-executive independent directors. Of the 38,727,190 total shares on record, around 25.6 million shares (roughly 66%) participated in voting, with only 453 shares voted against most resolutions.
Smooth passage of all resolutions, including the re-appointment of three promoter-family directors and multiple related-party transactions, signals strong management control and no meaningful shareholder dissent. Investors should note that promoter holding (~2.69 crore shares) carried most ordinary resolutions, while related-party deals were approved largely by public non-institutional votes.