Mehta Integrated Finance Limited authorised its Managing Director and Chief Financial Officer, Vishwesh D. Mehta, to represent the company in various legal proceedings. This decision was taken during a board meeting held on October 13, 2026.

The authorisation empowers Mehta to handle settlements, compromise terms, and consent decrees. These actions pertain to legal disputes, commercial execution petitions, and criminal proceedings. The scope includes matters before the City Civil Court, the High Court, and other courts in Ahmedabad.

Board meeting details

The board meeting commenced at 11:30 am and concluded at 11:50 am. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kamleshbhai P. Patel, Company Secretary and Compliance Officer, signed the intimation to BSE Limited.

Scope of authorisation

The specific powers granted include representing the company for:

• Settlement agreements
• Compromise deeds or decrees
• Execution consent terms
• Legal disputes and commercial execution petitions
• Criminal proceedings

This administrative step streamlines the company's ability to resolve ongoing legal matters without requiring separate board approvals for each settlement instance.

Mehta Integrated Finance Limited has submitted the combined scrutinizer's report for its 41st Annual General Meeting (AGM) held on September 25, 2026. The filing confirms that all three resolutions placed before shareholders were passed with the requisite majority.

The meeting, conducted in Ahmedabad, ratified the audited financial statements for the fiscal year ended March 31, 2026. It also approved the reappointment of Vishwesh D. Mehta as Managing Director for a three-year term and Bhavna D. Mehta as Director under retirement by rotation.

Voting results for resolutions

The scrutinizer, Sanjay Dayalji Kukadia, reported the voting outcomes for the three items transacted at the AGM. The remote e-voting facility was provided by National Securities Depository Limited (NSDL), with physical poll voting available to members present who had not voted electronically.

For the special resolution regarding the Managing Director's reappointment, 11 members cast invalid votes totaling 2,041,769 shares. These shares were excluded from the valid vote count for that specific resolution.

Directors and officials present

The following directors and key officials were present at the meeting:

The authorised representative of the statutory auditors, Ravindra C. Mehta, Chartered Accountant and Partner of M/s. Asim Ravindra and Associates, was also present. Rohit Bajpai, Proprietor of Rohit Bajpai and Associates, served as Secretarial Auditor.

Details of Managing Director reappointment

Vishwesh D. Mehta was reappointed with effect from June 1, 2026 to May 31, 2029. The appointment was recommended by the Nomination & Remuneration Committee and approved by the Board on May 28, 2026, subject to shareholder approval at this AGM.

Mehta, aged 43, is a Chartered Accountant, Chartered Financial Analyst (USA) Level II, and holds a PhD in Finance from the Indian Institute of Management. He possesses over 17 years of experience in capital markets, equity research, investments, accounts, and audit. As a promoter group member, he has served as a director since May 3, 2022. He is not a director in any other body corporate.

Regarding relationships, Mehta is the son of Bhavna D. Mehta, a Director of the company. Except for the appointee and his relatives, no other directors or key managerial personnel are connected or interested in the appointment. The disclosure affirms that Mehta is not debarred from holding the office of Director by SEBI or any other authority and has no convictions related to fraud or misfeasance in the last five years.

Conclusion of proceedings

Shareholders raised queries during the meeting, which were addressed by Vishwesh D. Mehta, Managing Director and CFO. Following the formal proceedings, physical voting through ballot papers remained open for a further 15 minutes to allow members who had not yet voted to exercise their rights. The Chairperson declared the meeting closed upon completion of the physical voting process.