M & B Engineering passes all 8 resolutions at 44th AGM
- All 8 resolutions passed at 44th AGM on September 17, 2026
- Final dividend of ₹1 per equity share approved
- Promoter group voted 100% in favor across all items
- Director re-appointments for Aditya Patel and Birva Patel confirmed
*this image is generated using AI for illustrative purposes only.
M & B Engineering shareholders approved all eight resolutions at its 44th Annual General Meeting (AGM) held on September 17, 2026. The meeting confirmed a final dividend of ₹1 per equity share and re-appointed key board members.
The AGM was conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM), chaired by Joint Managing Director Mr. Malav Girishbhai Patel in the absence of Chairman Mr. Hemant Ishwarlal Modi. Shareholders voted on ordinary resolutions for financial statement adoption and special resolutions for director re-appointments.
Voting Results
Based on the Scrutineer's Report by Kashyap R. Mehta & Partners, all resolutions were passed with overwhelming support. The promoter group held 100% of its votes polled, while public institutions showed 81.79% participation. Public non-institutional participation remained low at 0.42%.
| Item No. | Resolution Description | Type | Votes For (%) | Votes Against (%) |
|---|---|---|---|---|
| 1 | Adoption of Audited Financial Statements for FY26 | Ordinary | 100.00% | Negligible |
| 2 | Final dividend of ₹1 per Equity Share | Ordinary | 100.00% | Negligible |
| 3 | Re-appointment of Mr. Aditya Vipinbhai Patel | Ordinary | 100.00% | Negligible |
| 4 | Re-appointment of Ms. Birva Chirag Patel | Ordinary | 100.00% | Negligible |
| 5 | Ratification of Cost Auditors' remuneration | Ordinary | 100.00% | Negligible |
| 6 | Re-appointment of Ms. Birva Chirag Patel as WTD | Special | 100.00% | Negligible |
| 7 | Re-appointment of Mr. Aditya Vipinbhai Patel as WTD | Special | 100.00% | Negligible |
| 8 | Maintenance of Register of Members at RTA office | Special | 100.00% | Negligible |
Governance and Compliance
Company Secretary Ms. Palak D. Parekh confirmed no qualifications from Statutory or Secretarial Auditors. Remote e-voting ran from September 14 to September 16, 2026, with additional e-voting during the AGM.
The Chairman briefed shareholders on FY26 performance, order book status, and updates on Phenix Construction Technologies and Proflex divisions. He also highlighted the company’s August 2025 listing on NSE and BSE, along with export and capacity expansion initiatives.
Historical Stock Returns for M & B Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.34% | -2.74% | -10.96% | -10.15% | -39.03% | -38.27% |
How will the announced capacity expansion initiatives impact M & B Engineering's revenue growth trajectory in FY27?
What is the projected contribution of the Phenix Construction Technologies and Proflex divisions to the company's overall order book?
Given the low public non-institutional participation, what strategies will management employ to improve retail investor engagement post-listing?
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