Mayur Floorings has released the final voting results and scrutinizer report for its 34th Annual General Meeting held on September 17, 2026. The company confirmed that all four ordinary resolutions were passed with requisite majority.

The meeting was conducted through video conferencing or other audio-visual means. Chairman Mahavir N Sundrawat presided over the session, which ran from 11:00 am to 11:39 am. The quorum was verified by the scrutinizer and the Registrar and Transfer Agent.

Voting Results Breakdown

The consolidated voting data reveals significant promoter dominance in the decision-making process. Of the 50,71,200 total shares on record, 22,78,131 votes were polled, representing a participation rate of 44.92%.

Promoters and the promoter group held 24,89,178 shares (49.08% of total equity) and cast 22,75,678 votes, accounting for 91.42% of all votes polled. In contrast, public non-institutional shareholders held 25,80,022 shares but cast only 2,453 votes (0.09% of outstanding shares). Public institutional shareholders did not participate in the voting process.

Resolutions Passed

All four ordinary resolutions were approved. The only dissenting votes came from public non-institutional shareholders, who cast 15 votes against each resolution. This resulted in an overall approval rate of 99.99% across all agenda items.

The Board of Directors' Report and Standalone Financial Statements for FY26 were taken as read, in compliance with MCA and SEBI circulars.

Secretarial Auditor Appointment

Shareholders approved the appointment of Mr. Bhanwar Lal Harawat as the secretarial auditor for a tenure of four consecutive years, from the conclusion of the 34th AGM until the 38th AGM. He holds Peer Review No. 2297/2022. The appointment aligns with Regulation 24A of the SEBI Listing Regulations and Section 204 of the Companies Act, 2013.

Scrutinizer Report

Ms. Avni Chouhan (COP No: 24779) served as the scrutinizer for the e-voting process conducted by Purva Sharegistry (India) Private Limited. Remote e-voting was open from September 14 to September 16, 2026. The scrutinizer confirmed that the voting process was conducted fairly and transparently, with no invalid votes affecting the outcome of the resolutions.

Mayur Floorings reported a net profit of ₹14.69 lakh for FY26, marking a turnaround from the net loss of ₹130 lakh recorded in FY25. Revenue from operations grew 40% to ₹884.02 lakh, driven by higher sales volumes in mineral powder products.

The company scheduled its 34th Annual General Meeting for September 17, 2026, to adopt the standalone financial statements for the fiscal year ended March 31, 2026. Shareholders will vote on ordinary business items, including the re-appointment of director Mr. Mayur Sundrawat and statutory auditors M/s. Bansilal Shah & Company.

Financial Performance

Total income increased to ₹884.02 lakh in FY26, up from ₹630.17 lakh in FY25. Profit before tax stood at ₹20.38 lakh, compared to ₹11.68 lakh in the previous year. After accounting for total tax expenses of ₹5.69 lakh, the net profit after tax reached ₹14.69 lakh.

Cost of materials consumed rose to ₹747.09 lakh from ₹471.10 lakh, reflecting increased production activity. Employee benefit expenses decreased significantly to ₹24.60 lakh from ₹63.39 lakh. Finance costs increased to ₹26.14 lakh from ₹18.21 lakh, while depreciation and amortisation expenses rose to ₹27.06 lakh from ₹17.02 lakh.

Balance Sheet Highlights

Total assets expanded to ₹859.47 lakh as on March 31, 2026, up from ₹696.49 lakh in FY25. Property, plant, and equipment increased to ₹539.54 lakh from ₹524.32 lakh. Trade receivables saw a substantial rise to ₹242.02 lakh from ₹91.54 lakh, indicating higher outstanding dues from customers.

Equity share capital remained unchanged at ₹507.12 lakh. Non-current borrowings increased to ₹259.94 lakh from ₹232.42 lakh, while current borrowings rose to ₹104.31 lakh from ₹52.13 lakh. The company maintained cash and cash equivalents of ₹1.72 lakh at year-end.

Corporate Governance

Mr. Mayur Sundrawat, who holds DIN 01837589, seeks re-appointment as a director under Section 152 of the Companies Act, 2013. He has been associated with the company since June 24, 2005, and holds 3,79,400 shares as of March 31, 2026. M/s. Bansilal Shah & Company will continue as statutory auditors until the conclusion of the 35th AGM in 2027.

Remote e-voting will be available from 9:00 am on September 14, 2026, to 5:00 pm on September 16, 2026. Purva Sharegistry (India) Private Limited serves as the authorized e-voting agency. The register of members and share transfer books will remain closed from September 11, 2026, to September 17, 2026.

What the Numbers Show

The shift from a significant loss in FY25 to profitability in FY26 highlights improved operational efficiency despite rising input costs. While revenue growth outpaced expense increases in key areas like employee benefits, the surge in trade receivables warrants monitoring for potential working capital pressures. The increase in both short-term and long-term borrowings suggests continued reliance on debt financing for operations and expansion.