Machhar Industries Limited has entered into a loan cum hypothecation agreement with HDFC Bank Limited to avail a vehicle loan facility. The actual disbursement amount stands at ₹41.97 lakh, executed on October 12, 2026.

The company disclosed this development to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agreement was signed with the Aurangabad branch of HDFC Bank. The total sanctioned facility limit was up to ₹42.50 lakh, from which the specific amount was drawn.

Agreement Details

The transaction involves a standard vehicle financing structure without complex equity or governance clauses. Key terms are outlined below:

The security provided for this loan is the hypothecation of a four-wheeler, specifically a BYD Sealion 7 Dynamic EV manufactured by BYD India Pvt Ltd. This indicates the company is integrating electric vehicles into its operational fleet.

Regulatory Disclosures

The filing confirms that the transaction does not involve related party issues. Machhar Industries holds no shareholding in HDFC Bank, and HDFC Bank is not related to the promoters or promoter group of the listed entity. Consequently, the transaction is not classified as a related party transaction.

Furthermore, the agreement does not confer any special rights such as the right to appoint directors, first rights to share subscription, or restrictions on changes in capital structure. There are no nominee directors appointed by the lender on the board of the listed entity. The disclosure states that there are no potential conflicts of interest arising from this agreement.

This disclosure serves as an informational update to the exchanges regarding the company's minor capital expenditure on transport assets.

Machhar Industries Limited held its 18th Annual General Meeting on September 22, 2026, at 2:30 pm. The meeting concluded at 4:15 pm with the adoption of audited financial statements for the fiscal year ended March 31, 2026.

The proceedings were conducted in physical mode, attended by 53 shareholders. This included 17 members from the promoter and promoter group, along with 36 public shareholders. No shareholders participated via video conferencing.

Resolutions passed

The Chairman, Sandeep Machhar, chaired the meeting where four key resolutions were transacted. These included the adoption of financial reports, ratification of statutory auditors, re-appointment of a director, and approval of related party transactions.

Voting and scrutiny

Remote e-voting was available from September 19, 2026, to September 21, 2026. Voting also took place during the meeting for attendees who had not cast their votes earlier. Ganesh Palve, a practicing company secretary, served as the scrutinizer to ensure fair and transparent vote counting.

The consolidated voting results will be submitted to the stock exchange within the prescribed timeline under Regulation 44(3) of the SEBI Listing Regulations. The company will also upload these results on its website.