Maiden Forgings Limited confirmed that all three resolutions proposed at its 21st Annual General Meeting were passed with the requisite majority. The company submitted the scrutinizer's report and consolidated voting results to BSE on September 30, 2026, following the virtual meeting held on September 28, 2026.

The meeting was conducted through Video Conferencing and Other Audio-Visual Means in compliance with Ministry of Corporate Affairs and SEBI circulars. The deemed venue was the company's registered office in Delhi. Eighteen members participated remotely, comprising two promoter shareholders and sixteen public shareholders.

Resolutions passed and voting details

The Board of Directors presented three items of ordinary business for shareholder approval. The meeting commenced at 3:30 pm and concluded at 4:25 pm, including a 15-minute window for voting. Remote e-voting facilities were provided through National Securities Depository Limited from September 25 to September 27, 2026.

Nivedita Garg, holding Director Identification Number 03359751, retired by rotation and was re-appointed following eligibility confirmation. The ratification of the Cost Auditor's remuneration applies to the financial year 2026-27. No dissent or abstention votes were recorded for any resolution.

Governance and attendance

Managing Director Nishant Garg chaired the proceedings. The board was represented by Whole-Time Director Nivedita Garg, Independent Directors Raj Kumar Mittal, Urvi Agarwal, and Abhilash Rastogi, and Chief Financial Officer Prachla Garg. Statutory Auditor Himanshu Garg and Scrutinizer Mohit Singhal attended the virtual session.

The scrutinizer's report, dated September 29, 2026, confirmed that 18 members cast their votes through e-voting. The total number of shareholders on the record date (September 21, 2026) was 976. Of these, 6 promoters and 12 public shareholders attended the meeting via video conferencing. No shareholders attended in person or through proxy.

What the numbers show

The voting data reveals a high concentration of promoter influence in decision-making. Promoters held 10,228,000 shares out of the total 14,212,000 outstanding shares, representing approximately 72% of the equity base. In each of the three resolutions, promoters cast 10,127,800 votes, accounting for nearly 99% of the total votes polled (10,237,000). Public non-institutional shareholders cast only 109,200 votes, while institutional public shareholders cast zero votes. This indicates that the outcome of all AGM resolutions was effectively determined by the promoter group, given their overwhelming shareholding weight relative to the low participation rate from public investors.

Maiden Forgings has announced the book closure dates for its 21st Annual General Meeting (AGM). The company’s register of members and share transfer books will remain closed from September 21, 2026, to September 28, 2026, inclusive.

The AGM is scheduled to take place on Monday, September 28, 2026. This closure period is necessary to ascertain the names of shareholders entitled to vote on the businesses transacted at the meeting.

Voting Eligibility

The company has fixed Monday, September 21, 2026, as the cut-off date for remote e-voting. Shareholders holding shares either in physical form or in dematerialized form as of this date will be eligible to cast their votes electronically.

This intimation is issued pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Monika Negi, Company Secretary and Compliance Officer of Maiden Forgings Limited, confirmed the details in a filing with the BSE.