Mega Nirman & Industries Limited shareholders approved the elevation of Ankan Gupta to Chairman cum Managing Director during its 43rd Annual General Meeting. The meeting, held on August 25, 2026, also saw the adoption of audited financial statements for FY26 and alterations to the Articles of Association.

The Mega Nirman & Industries meeting was chaired by Mr. Ankan Gupta. With the requisite quorum present, the Board placed several ordinary and special resolutions before the members. The agenda included routine statutory matters alongside key governance changes.

Key Resolutions Passed

The shareholders transacted the following items of business:

Mr. Ramanuj Murlinarayan Darak retired by rotation as per regulatory requirements. The Board appointed M/S. Krishan Rakesh & Co., Chartered Accountants, as Statutory Auditors for a tenure of five consecutive years.

Governance Updates

The most significant corporate action was the change in Mr. Ankan Gupta’s designation from Executive Director to Chairman cum Managing Director. This move consolidates leadership roles within the company’s top management structure. Additionally, the alteration of the Articles of Association was approved via a special resolution, allowing for necessary updates to the company’s constitutional documents.

Voting Process

The Company provided remote e-voting facilities to eligible members from August 22, 2026, to August 24, 2026. Mr. Shiva Nishad, Practicing Chartered Accountant, served as the Scrutinizer for the voting process. The Chairman informed members that results would be declared within two working days and submitted to stock exchanges.

The auditors’ report contained no qualifications or adverse remarks, in compliance with Section 145 of the Companies Act, 2013. Consequently, the full report was not read out during the proceedings. The meeting concluded at 11:40 am.

Mega Nirman & Industries accepted the resignation of Anand Rai from the position of Executive Director effective August 11, 2026. The company disclosed the change in a submission to the Bombay Stock Exchange on August 20, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rai cited personal reasons for his departure. In his resignation letter dated August 11, 2026, he confirmed there were no other material reasons for stepping down. He expressed gratitude to the Board and management for the support extended during his tenure.

The company noted that the delay in submitting the resignation letter was due to the time required for internal processes. These included verifying necessary documentation and coordinating with concerned personnel to ensure accurate disclosure. Mega Nirman stated it has taken note of the inadvertent delay to ensure timely compliance going forward.

Key Details

Kanika Chawla, Company Secretary and Compliance Officer, signed the disclosure on behalf of the company. The filing included the resignation letter and confirmed that Rai does not hold directorships in any other listed entities.