M&B Engineering Limited has officially filed its postal ballot voting results with stock exchanges, confirming overwhelming shareholder support for Employee Stock Option Plan initiatives. The company submitted its regulatory disclosure under Regulation 44 of SEBI Listing Regulations on March 19, 2026, detailing comprehensive voting outcomes.

Official Regulatory Filing

The company formally communicated the postal ballot results to both National Stock Exchange of India Limited and BSE Limited through official correspondence dated March 19, 2026. The filing included complete voting results and scrutinizer's report as mandated under regulatory requirements.

Postal Ballot Resolution Results

Both special resolutions received identical voting patterns, demonstrating unified shareholder support for the company's employee incentive strategies. The resolutions addressed ratification of the Employee Stock Option Plan 2024 and extension of benefits to group companies.

Detailed Voting Breakdown by Category

The scrutinizer's report provided comprehensive category-wise voting analysis, revealing strong support across all shareholder segments. Promoter and promoter group showed complete unanimity, while public institutions and non-institutions also demonstrated substantial backing.

Scrutinizer Certification and Process

Kashyap R. Mehta, Lead Partner of Kashyap R. Mehta & Partners, Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer submitted a detailed report dated March 19, 2026, confirming the validity and transparency of the entire voting mechanism.

The e-voting process was conducted through Central Depository Services (India) Limited platform from February 17, 2026 to March 18, 2026. The company dispatched postal ballot notices to 31,787 shareholders via email, with 126 shareholders ultimately participating in the voting process.

Regulatory Compliance and Documentation

The company ensured full compliance with Companies Act, 2013 provisions and SEBI listing regulations throughout the postal ballot process. All voting results and scrutinizer reports have been uploaded to the company's website and CDSL's e-voting platform for stakeholder transparency.

The resolutions are deemed to have been passed on March 18, 2026, the last day of the voting period, with Chairman Hemant Ishwarlal Modi formally declaring the results through official company documentation.

M & B Engineering Limited has disclosed that five members of its promoter group acquired a total of 50,000 equity shares on February 16, 2026, through open market purchases. The acquisition was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The share acquisition was distributed among five promoter group members, with varying purchase quantities:

Chirag Hasmukhbhai Patel made the largest individual acquisition with 15,000 shares, while Aditya Vipinbhai Patel acquired the smallest portion with 5,000 shares.

Impact on Shareholding Structure

The acquisition resulted in a marginal increase in the promoter and promoter group's collective shareholding. Before the transaction, the group held 4,02,59,741 shares representing 70.45% of the total voting capital. Post-acquisition, their holding increased to 4,03,09,741 shares, representing 70.54% of the company's equity.

Company Share Capital

M&B Engineering Limited's equity share capital remained unchanged following the acquisition. The company maintains a total equity share capital of Rs. 57,14,82,150, comprising 5,71,48,215 equity shares of Rs. 10 each, all fully paid up. The shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations governing substantial acquisition of shares and takeovers. All five acquirers confirmed their status as members of the promoter group, with the transaction conducted through open market purchases. The company filed the necessary documentation with both stock exchanges on February 18, 2026, two days after the acquisition date.