Hemanshu Shah, a promoter of Mahendra Realtors & Infrastructure , increased his shareholding by acquiring 16,000 equity shares through an open market transaction on June 23, 2026. The disclosure was filed under Regulation 29(2) and 29(3) of the SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011.

Following the acquisition, Shah's total holding in the company rose to 75,27,120 equity shares, representing 34.05% of the total voting capital. Prior to this transaction, he held 75,11,120 shares, which accounted for 33.98% of the share capital.

The transaction details confirm that the acquisition was made entirely in shares carrying voting rights, with no encumbrances or other convertible instruments involved. The total equity share capital of the company remains 22,10,39,000, divided into 2,21,03,900 shares of Rs. 10/- each.

Shareholding Details

The company's shares are listed on the National Stock Exchange of India Limited. The filing confirmed that no warrants or convertible securities were acquired or held by the promoter during this transaction.

Mahendra Realtors & Infrastructure Limited has received shareholder approval to implement the MRIL-ESOP 2026 and issue equity shares to eligible employees of its subsidiary companies. The resolutions were passed at the Extra Ordinary General Meeting (EOGM) held on June 11, 2026, with 99.95% of the total valid votes cast in favour. The approval enables the company to grant stock options to employees and issue shares to subsidiary staff under the new plan.

The EOGM was conducted through remote e-voting and polling at the registered office. Sanjay Dholakia of Sanjay Dholakia & Associates served as the scrutinizer for the meeting. The remote e-voting process was open from June 8, 2026, to June 10, 2026, utilizing the NSDL e-Voting System. Votes were unblocked on June 11, 2026, in the presence of two witnesses not employed by the company.

Voting Results

A total of 16,297,500 votes were polled across both resolutions. The promoter group held 16,286,300 shares, all of which were voted in favour via e-voting. Public non-institutional shareholders cast 11,200 votes, with 3,200 in favour and 8,000 against. Public institutions did not participate in the voting process.

Resolution Summary

The first resolution sought approval for the Mahendra Realtors & Infrastructure Limited-Employees Stock Option Plan 2026. The second resolution authorized the issue of equity shares to eligible employees of the company's subsidiary companies under the MRIL ESOP, 2026. Both resolutions required a special majority and were passed with the requisite support.