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.

Mahendra Realtors & Infrastructure Limited has scheduled an Extra-Ordinary General Meeting (EOGM) for June 11, 2026, at its registered office in Mumbai. The meeting will be conducted to transact business as set forth in the notice, with shareholders eligible to vote via remote e-voting or during the meeting itself. The cut-off date for determining voting rights is June 4, 2026.

In compliance with regulatory circulars, the company has dispensed with sending physical copies of the notice. Electronic copies were dispatched to shareholders with registered email addresses on or before May 19, 2026. The facility for remote e-voting, provided by NSDL, will be active from 9:00 A.M. IST on June 8, 2026, until 5:00 P.M. IST on June 10, 2026.

Shareholders who cast their votes remotely cannot change them subsequently. Those who have voted via e-voting may attend the meeting but are not entitled to vote again. Individuals who acquired shares after the notice dispatch but hold them as of the cut-off date can obtain user credentials by following procedures in the notice or contacting NSDL or the company.

The meeting details and relevant documents are accessible on the company's website, the National Stock Exchange of India Limited website, and the NSDL e-voting portal. Niharika Kothari, Company Secretary & Compliance Officer, signed the intimation on behalf of the Board of Directors.

Key Dates for EOGM