Pursuant to Regulation 44 of SEBI(LODR), 2015, Voting Result of the 58th Annual General Meeting held on 26th December, 2025.
Awaiting price reaction for this filing.
CMI Limited held its 58th Annual General Meeting on December 26, 2025, via video conferencing, where two ordinary resolutions were passed with overwhelming majority (99.86% in favour). Resolution 1 was the adoption of audited financial statements for FY ended March 31, 2025, and Resolution 2 was the ratification of statutory auditors' appointment. Voting turnout was very low, with only 1,21,884 votes polled (0.76% of the 1.60 crore outstanding shares), and notably public institutional shareholders holding 38.32 lakh shares did not vote at all. A critical disclosure notes that the NCLT has admitted Canara Bank's application under Section 7 of the Insolvency and Bankruptcy Code, 2016, and appointed an Interim Resolution Professional to conduct the Corporate Insolvency Resolution Process (CIRP) of the company.
Shareholders should take serious note that CMI Limited has entered the Corporate Insolvency Resolution Process (CIRP) following the NCLT admitting Canara Bank's petition as a financial creditor, which is a material event that typically leads to significant value erosion and restructuring. The near-zero institutional participation at the AGM also signals limited investor confidence during this distress phase.