Machino Plastics Limited shareholders approved all five resolutions at the 41st Annual General Meeting held on September 29, 2026. The meeting, conducted via Video Conferencing, saw the adoption of audited financial statements for the year ended March 31, 2026.

The Chairman cum Managing Director, Aditya Jindal, chaired the session. He highlighted the company's strong performance and strategic growth plans within the automobile industry. The Notice and Auditor's Report were taken as read with shareholder permission.

Voting Results and Resolutions

All ordinary and special resolutions passed with requisite majorities. The scrutiny report was submitted by Atima Khanna of M/s A K & Associates. Key voting details are summarized below:

What the Numbers Show

Voting patterns reveal a distinct split in shareholder engagement based on resolution type. For ordinary business, promoter group votes constituted the vast majority of support, with 4,602,489 votes cast in favor across resolutions 1, 2, and 3. In contrast, public non-institutional investors voted against certain items, casting 9,704 votes against the adoption of financial statements and the reappointment of Sanjiivv Jindall.

Notably, for the special resolutions regarding Related Party Transactions (Resolutions 4 and 5), the promoter group abstained from voting entirely. This resulted in a significantly lower total vote count of 216,266 compared to the 4,818,755 votes polled for ordinary resolutions. This shift indicates that approval for related party transactions relied exclusively on public shareholder consent, reflecting regulatory compliance requirements where interested parties recuse themselves.

Machino Plastics accepted the resignation of Sandeep Goel as independent director effective August 26, 2026. Goel cited pre-occupation with other commitments as the reason for stepping down from the board.

The company disclosed the development in a filing with the Bombay Stock Exchange on August 27, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Committee Exits

Goel will cease to hold positions on key board committees immediately upon his resignation. He steps down as chairman of the Nomination and Remuneration Committee. He also exits membership of the Audit Committee and the Stakeholder Relationship Committee.

Resignation Details

According to the filing, Goel submitted his resignation letter dated August 26, 2026. The company confirmed there are no other material reasons for his departure beyond his existing commitments. The filing included a confirmation from Goel that no undisclosed factors influenced his decision to resign.