Maiden Forgings adopts FY26 financials at 21st AGM held online
- Maiden Forgings adopted audited financial statements for FY26
- Nivedita Garg re-appointed as Whole-Time Director by rotation
- Cost auditor remuneration for FY27 ratified by shareholders
- Meeting held virtually with 18 members participating
*this image is generated using AI for illustrative purposes only.
Maiden Forgings Limited adopted its audited financial statements for the fiscal year ended March 31, 2026, during its 21st Annual General Meeting. The meeting was held virtually on September 28, 2026, with shareholders approving key administrative and governance matters.
The proceedings were 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
The Board of Directors presented several 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.
| Item | Description | Resolution Type |
|---|---|---|
| 1 | Adoption of audited financial statements for FY26 | Ordinary |
| 2 | Re-appointment of Nivedita Garg as Whole-Time Director | Ordinary |
| 3 | Ratification of Cost Auditor remuneration for FY27 | Ordinary |
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.
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.
Remote e-voting facilities were provided through National Securities Depository Limited from September 25 to September 27, 2026. Voting results are scheduled to be announced within two working days of the meeting's conclusion.
Historical Stock Returns for Maiden Forgings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.92% | -8.24% | -10.92% | +30.61% | +32.43% | +63.72% |
How will the re-appointment of Nivedita Garg as Whole-Time Director influence Maiden Forgings' strategic direction for the upcoming fiscal year?
What specific operational efficiencies or cost-saving measures are expected from the ratified Cost Auditor remuneration structure for FY27?
Given the low shareholder participation, are there plans to enhance investor engagement strategies to improve governance transparency in future AGMs?
15
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
