Scrutinizer''s Report in respect of the 62nd Annual General Meeting of the Company and Voting Results.
Awaiting price reaction for this filing.
McNally Bharat Engineering Company held its 62nd AGM on 25th September 2025 via video conferencing, where all 8 resolutions were passed with overwhelming majority (99.9999% in favor). The resolutions included adoption of audited financial statements for FY ending 31st March 2025, appointment of four new Independent Directors (Mr. Partha Sarathi Bhattacharyya, Mr. Pradip Kumar Bishnoi, Mr. Anil Kumar Jha, and Ms. Anuradha Gupta), approval to shift the registered office, appointment of Secretarial Auditors, and approval of Cost Auditors' remuneration for FY26. Voting was conducted through remote e-voting and e-voting at the AGM via NSDL, with the cut-off date set as 18th September 2025. Only about 3.05 crore shares were voted, with just 60 members in favor and 2-3 members opposing, indicating concentrated shareholding. Scrutinizer Prakash Kumar Shaw certified that all resolutions passed with requisite majority.
This is a routine procedural filing confirming shareholder approval of standard AGM items. The near-unanimous approval (99.9999%) suggests no shareholder dissent on key matters. The appointment of four independent directors and registered office shift are governance/structural changes with no immediate material impact on stock price. Shareholders should note the company has a highly concentrated shareholding, as evidenced by the very small number of voting members.