Mardia Samyoung submits AGM voting results; all resolutions pass
- All seven resolutions at Mardia Samyoung's 34th AGM passed unanimously
- Registered office shifted from Maharashtra to Gujarat via special resolution
- Keyur Kirtikumar Saxsena re-appointed as director; two independent directors regularized
- M/s S K Bhavsar & Co. appointed as statutory auditors for the upcoming period
- Public non-institutional shareholders cast 59,410,026 votes across all resolutions
*this image is generated using AI for illustrative purposes only.
Mardia Samyoung Capillary Tubes Company Ltd shareholders unanimously approved all seven resolutions at the 34th Annual General Meeting held on September 29, 2026. The meeting ratified the audited financial statements for FY26 and authorized significant governance changes, including the relocation of the registered office to Gujarat.
The company submitted the voting results and scrutinizer's report to BSE Limited on October 1, 2026, pursuant to Regulation 44(3) of SEBI (LODR) Regulations, 2015. The disclosures confirm that no votes were cast against any resolution, with public non-institutional shareholders accounting for the majority of votes polled.
Governance and Board Changes
Shareholders passed an ordinary resolution to appoint Keyur Kirtikumar Saxsena as director in place of himself, who retired by rotation and offered himself for re-appointment. Additionally, special resolutions were passed to regularize the appointment of two independent directors:
- Geetika Garg (DIN: 10643307)
- Ramesh Sharma (DIN: 10728184)
Auditor Appointments
The company finalized its audit structure for the upcoming period. Shareholders approved the appointment of M/s S K Bhavsar & Co., practicing Chartered Accountants (Firm Registration No. 0145880W), as the statutory auditors. Concurrently, M/s Shekhawat & Associates, practicing Company Secretary, was appointed as the secretarial auditor.
Strategic Relocation
A key special resolution approved the shifting of the registered office from the State of Maharashtra to the State of Gujarat. This move necessitates a consequent alteration in the Memorandum of Association of the company.
Voting Results Disclosure
The details of voting results, as required under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, were disclosed on October 1, 2026. The meeting concluded with a vote of thanks at 3:00 pm.
Voting Summary
| Resolution | Type | Result | Votes Polled | % In Favour |
|---|---|---|---|---|
| Adoption of FY26 Financial Statements | Ordinary | Passed | 59,410,026 | 100.00% |
| Re-appointment of Keyur Kirtikumar Saxsena | Ordinary | Passed | 59,410,026 | 100.00% |
| Appointment of Statutory Auditors | Ordinary | Passed | 59,410,026 | 100.00% |
| Regularization of Geetika Garg | Special | Passed | 59,410,026 | 100.00% |
| Regularization of Ramesh Sharma | Special | Passed | 59,410,026 | 100.00% |
| Appointment of Secretarial Auditor | Ordinary | Passed | 59,410,026 | 100.00% |
| Shift of Registered Office to Gujarat | Special | Passed | 59,410,026 | 100.00% |
Historical Stock Returns for MSCTC
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.96% | -11.32% | -10.88% | -48.75% | -32.40% | 0.0% |
How will the relocation of the registered office to Gujarat impact Mardia Samyoung's operational costs and supply chain logistics?
What specific strategic synergies are expected from the new board composition, particularly with the regularization of independent directors Geetika Garg and Ramesh Sharma?
Will the change in statutory auditors to S K Bhavsar & Co. lead to any adjustments in financial reporting practices or audit fees for FY27?
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