Mahesh Developers Limited has disclosed the voting results of its 16th Annual General Meeting held on March 31, 2026, demonstrating overwhelming shareholder support with both resolutions approved by 99.99% of votes cast. The Mumbai-based real estate development company submitted the scrutinizer's report to BSE Limited on April 1, 2026, fulfilling regulatory requirements under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Overview and Proceedings

The Annual General Meeting was conducted through video conferencing from 11:00 AM to 11:15 AM IST, with Managing Director Mahesh Ratilal Sapariya chairing the session. The company provided electronic voting facilities to all eligible shareholders, with the cut-off date set as March 6, 2026, for determining voting entitlements.

Electronic Voting Process and Timeline

The remote e-voting facility was made available through Bigshare E-voting system from March 28, 2026, at 9:00 AM IST to March 30, 2026, at 5:00 PM IST. CS Khushal Bherulal Bajaj, a practicing Company Secretary from Nagpur, served as the appointed scrutinizer for the voting process, ensuring compliance with the Companies Act, 2013 and applicable regulations.

Voting Results and Resolution Outcomes

Both agenda items received exceptional shareholder support, with identical voting patterns across resolutions. The first resolution concerning the adoption of financial statements for the financial year ended March 31, 2024, along with Directors' and Auditors' Reports, was approved with remarkable consensus.

The second resolution regarding the re-appointment of Mrs. Jalpa Sapariya (DIN: 07918214) as director, who retired by rotation, received identical support from shareholders.

Regulatory Compliance and Documentation

The scrutinizer's report, bearing UDIN A049466H000003937 and dated April 1, 2026, confirmed that all resolutions were passed with requisite majority and deemed effective from the AGM date. The company maintained full compliance with regulatory requirements, with no invalid or abstained votes recorded for either resolution.

Mahesh Developers Limited, incorporated under CIN L45200MH2008PLC186276, operates from its registered office at Uma Shikhar CHS LTD., Ground Floor, 13th Road, Behind Khar Telephone Exchange, Khar West, Mumbai - 400 052, Maharashtra. The company trades on BSE under script code 542677, demonstrating its commitment to transparent corporate governance and stakeholder engagement through this successful AGM completion.

Mahesh Developers Limited has announced the appointment of Ms. Barsha as Company Secretary and Compliance Officer, effective 21st March, 2026. The decision was taken during a board meeting held on the same date, demonstrating the company's commitment to strengthening its corporate governance framework.

Board Meeting Details

The board meeting that approved this key appointment was conducted on Saturday, 21st March, 2026. The meeting had a focused agenda and was efficiently concluded within 45 minutes.

Appointment Details

Ms. Barsha's appointment has been made in strict compliance with regulatory requirements. The appointment fulfills the company's obligations under multiple statutory provisions and ensures continued adherence to corporate governance standards.

Professional Qualifications

Ms. Barsha brings substantial expertise to her new role at Mahesh Developers Limited. Her professional background demonstrates strong competency in areas critical to the company's regulatory compliance and corporate governance requirements.

Key qualifications include:

• Associate Member of the Institute of Company Secretaries of India
• Requisite qualifications and skills in secretarial compliances
• Good experience in Corporate Law
• Expertise in Listing Regulations
• Previous experience in undertaking similar assignments

Regulatory Compliance

The appointment has been made in accordance with comprehensive regulatory framework governing corporate appointments. The company has ensured full compliance with all applicable provisions.

This appointment reinforces Mahesh Developers Limited's commitment to maintaining robust corporate governance practices and ensuring full regulatory compliance across all operational aspects.