We wish to inform your esteemed organization that the Members of Mipco Seamless Rings (Gujarat) Limited (''the Company'') transacted the business as stated in the Notice of 45th Annual ....
Awaiting price reaction for this filing.
Mipco Seamless Rings (Gujarat) Limited held its 45th AGM on 27 September 2025 via video conferencing, where all 8 resolutions were passed with requisite majority. Only 39 public shareholders attended through VC; no promoters were present. Out of 35,84,800 outstanding shares, just 22,184 votes (0.62%) were polled, indicating very low shareholder participation. The resolutions included adoption of FY25 audited financials (100% in favour), re-appointment of Mr. Venkata Rao Sadhanala as director, appointment of M/s. Bijan Ghosh & Associates as statutory auditor, increase in authorised share capital with MOA amendment, alteration of the object clause, and regularisation of three directors – Mrs. Nikitha Sarda and Mr. Somnath Dasgupta as Independent Directors and Mr. Vikky Jain as Whole-Time Director. Resolutions 2 to 8 passed with 98.45% votes in favour (343 votes against, 1.55% against).
Routine AGM outcome with all resolutions approved; the increase in authorised share capital and change to the object clause suggest the company is preparing for either a fundraising activity or a shift in business focus, which shareholders should watch for follow-up announcements. Very low voting turnout (0.62%) means decisions were effectively driven by a tiny slice of the shareholder base.