Proceedings of Annual General Meeting held on September 30, 2025 for the financial year ended on March 31, 2025
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Mahan Industries held its 31st AGM on September 30, 2025, via video conferencing from 10:32 AM to 10:54 AM IST. The company has 8,680 shareholders as on the cut-off date (September 23, 2025), of which 31 members attended the virtual meeting. Three ordinary resolutions were put to vote through e-voting: (1) adoption of audited standalone financial statements for FY ended March 31, 2025, (2) re-appointment of Mr. Yogendrakumar Gupta (DIN: 01726701) as Director who retires by rotation, and (3) approval of the appointment of the Secretarial Auditor. The Chairman and Managing Director briefed shareholders on FY 2024-25 performance and assured that strategies are in place to improve financial outcomes and return the company to profitability. The consolidated e-voting results will be announced within two working days of the meeting's conclusion.
Routine AGM proceedings with no major corporate action announced. The MD's mention of strategies to return to profitability suggests the company may have struggled financially in FY 2024-25, which investors should watch for in upcoming results. Re-appointment of the promoter Director and continuity of the board provides management stability.