Mahip Industries has published its newspaper notice confirming the 31st Annual General Meeting (AGM) for September 29, 2026. The company disclosed the publication in Financial Express (English and Gujarati editions) on September 8, 2026, pursuant to regulatory requirements.

The Board of Directors concluded its meeting on September 5, 2026, approving the Director's Report and fixing the date for the annual gathering. Shareholders will vote on ordinary business items, including the adoption of financial results and the reappointment of Mr. Ronakbhai Amratbhai Patel, who retires by rotation.

Key Resolutions

The primary agenda items for the AGM include:

• Adoption of audited financial statements for the year ended March 31, 2026, along with reports from the Board of Directors and Auditors.
• Reappointment of Mr. Ronakbhai Amratbhai Patel (DIN: 11269822) as a Non-Executive Director. He retires by rotation under Section 152 of the Companies Act, 2013, and is eligible for reappointment.

Mr. Patel, aged 35, was first appointed to the board on August 30, 2025. He attended four board meetings in FY26 and two in the current fiscal year. He holds no shares in the company and has no other listed directorships.

AGM Logistics

The 31st AGM will be held at the company's registered office in Ahmedabad. The register of members will remain closed from September 23 to September 29, 2026, inclusive.

Shareholders holding shares as on the cut-off date of September 22, 2026, are eligible to vote. The company has appointed M/s Mukesh J. & Associates as the Scrutinizer for the e-voting process.

Auditor Appointment

The board appointed M/s Shalini Pandey & Associates as the Secretarial Auditor for FY27. This appointment complies with Section 204 of the Companies Act, 2013 and Regulation 24A of the SEBI (LODR) Regulations, 2015. Ms. Shalini Pandey brings over a decade of experience in corporate laws and FEMA compliances.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Rajiv Govindram Agrawal, Whole-Time Director, signed the notice on September 7, 2026.

mahip industries disclosed that Rajeev Govindram Agrawal HUF sold 1,20,000 equity shares on August 4, 2026, reducing its stake from 9.33% to 8.71%. The on-market transaction valued at INR 20,91,312 was reported to the Bombay Stock Exchange on August 5, 2026, pursuant to Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. This disposal marks a significant reduction in the promoter group’s consolidated holding, bringing the post-transaction stake to 16,75,960 shares.

The disclosure was submitted by Rajiv Govindram Agrawal, Whole-Time Director of the company, who signed the filing digitally on August 5, 2026. The transaction details were provided in Form C, which outlines the continual disclosure requirements for changes in shareholding by promoters and key managerial personnel. The company confirmed that no trading in derivatives occurred during this period, as noted in the accompanying regulatory submission.

Transaction Details

The sale was executed entirely through on-market mechanisms, ensuring transparency in pricing and execution. The face value of each equity share is Rs. 10/-, as stated in the declaration submitted to the Company Secretary and Compliance Officer. The total consideration received reflects the prevailing market price at the time of execution.

Regulatory Compliance

The disclosure adheres to the timelines prescribed under the SEBI (Prohibition of Insider Trading) Regulations, 2015. Form C was duly filled and enclosed with the submission to the Listing Department of BSE Limited. The document specifies that the transaction was notified to the company on August 5, 2026, within the statutory window following the trade date.

No derivatives trading was reported by the promoter group during this period. The section detailing trading in futures or options contracts was marked as "Not Applicable," indicating no exposure to derivative instruments related to the company’s securities.

What the Numbers Show

The reduction in holding from 9.33% to 8.71% represents a decrease of approximately 0.62 percentage points in the promoter group’s stake. While the absolute number of shares sold (1,20,000) is material, the remaining holding of 16,75,960 shares continues to classify the entity as a significant promoter. The transaction value of INR 20,91,312 implies an average sale price of approximately ₹17.43 per share, derived strictly from the disclosed figures without external benchmarking. This disposal does not trigger any change in control but signals a modest divestment by the promoter group.