Voting Result and Scrutinizer Report of AGM
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Mukesh Babu Financial Services Ltd held its 40th AGM on September 9, 2025 via video conferencing, where shareholders voted on 7 resolutions. All resolutions were passed with overwhelming support, with virtually 100% of votes cast in favor (only 1 vote against across all resolutions). Key resolutions included adoption of audited financial statements for FY25, declaration of a dividend of Rs. 1.20 per share for FY 2024-25, re-appointment of Mrs. Meena Mukesh Babu as director (retirement by rotation), re-appointment of Mr. Bhavesh Doshi as Independent Director for a second term, appointment of V.V. Chakradeo & Co. as Secretarial Auditors for 5 years, and approval of material related party transactions of the company and its subsidiary Mukesh Babu Securities Ltd. Polling was conducted through remote e-voting and e-voting at the meeting, with about 77.68% of total shares (54,14,998 votes) participating on most resolutions. Promoters abstained from voting on resolutions where they were deemed interested (Resolutions 3, 6, and 7).
Shareholders have approved a dividend of Rs. 1.20 per share, which is a small but positive return. All resolutions sailed through with near-unanimous support, indicating strong shareholder alignment with management and no governance surprises at this AGM.