Mish Designs EGM: All Five Resolutions Pass with 100% Shareholder Approval
Mish Designs Limited held its first EGM on June 05, 2026, where shareholders unanimously approved all five resolutions, including an increase in authorised share capital, preferential issue of equity shares and warrants, regularisation of Mrs. Kajal Chhatwal as Non-Executive Independent Director, and a designation change for Mr. Tapan Shah. A total of 1,738,008 votes were polled (54.60% of outstanding shares), with 100% votes in favour and no invalid votes recorded. The scrutinizer's report was submitted to BSE Limited on June 08, 2026, in compliance with Regulation 44 of the SEBI Listing Regulations.
*this image is generated using AI for illustrative purposes only.
Mish Designs Limited held its first Extra-Ordinary General Meeting (EGM) on June 05, 2026, at its registered office in Mumbai, where shareholders voted on five key resolutions covering capital restructuring and board composition changes. The meeting commenced at 11:30 AM and concluded at 12:00 PM, with a total of five members attending either in person or through authorized representatives. The record date for determining eligible voters was May 29, 2026, with 432 total shareholders on record as of that date. In compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted the scrutinizer's report and voting results to BSE Limited on June 08, 2026.
Voting Participation and Process
The company facilitated remote e-voting through National Securities Depository Limited (NSDL), with the facility open from June 01, 2026 at 09:00 AM to June 04, 2026 at 05:00 PM IST. CS Hemant Maheshwari, Proprietor of M/s H. Maheshwari & Associates (Membership No. 26145, COP No. 10245), was appointed as Scrutinizer by the Board of Directors to oversee the e-voting and physical voting process. The voting data was reconciled with records maintained by M/s. KFin Technologies Ltd. A total of 3,183,000 shares were outstanding, of which 1,738,008 votes were polled, representing a participation rate of 54.60% of outstanding shares.
Resolutions Passed
All five resolutions were passed with the requisite majority, with 1,738,008 votes cast entirely in favour and zero votes against any resolution. The Scrutinizer confirmed no invalid votes were recorded against any resolution. The following table summarises the resolutions voted upon at the EGM:
| Item No. | Resolution Description | Type | Result |
|---|---|---|---|
| 1 | Increase Authorised Capital and consequent alteration to the capital clause of the Memorandum of Association | Ordinary | Passed |
| 2 | Approve Issue of Equity Shares on Preferential Basis | Special | Passed |
| 3 | Approve Issue of Warrants Convertible into Equity Shares on Preferential Basis | Special | Passed |
| 4 | Regularise appointment of Mrs. Kajal Chhatwal (DIN: 10044125) as Non-Executive Independent Director | Special | Passed |
| 5 | Change designation of Mr. Tapan Shah (DIN: 03059034) from Non-Executive Independent Director to Non-Executive Non-Independent Director | Ordinary | Passed |
Detailed Voting Results
The category-wise voting breakdown for all five resolutions was identical, reflecting unanimous support across both the Promoter and Promoter Group and Public – Non Institutions categories. Public Institutions held no shares and cast no votes. The table below presents the consolidated voting data applicable to each of the five resolutions:
| Category | Shares Held | Votes Polled | % Polled | Votes in Favour | Votes Against |
|---|---|---|---|---|---|
| Promoter and Promoter Group | 1,804,498 | 1,704,998 | 94.49% | 1,704,998 | 0 |
| Public – Institutions | 0 | 0 | 0.00% | 0 | 0 |
| Public – Non Institutions | 1,378,502 | 33,010 | 2.39% | 33,010 | 0 |
| Total | 3,183,000 | 1,738,008 | 54.60% | 1,738,008 | 0 |
Compliance and Governance
The scrutinizer's report, dated June 06, 2026, was issued by CS Hemant Maheshwari under UDIN A026145H000590775 and countersigned by Company Secretary and Compliance Officer Namrata Teli on behalf of Mish Designs Limited. The report was submitted to BSE Limited on June 08, 2026, in accordance with Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 and Regulation 44(3) of the SEBI Listing Regulations. The electronic data and all relevant records relating to remote e-voting and electronic voting conducted during the EGM are under the scrutinizer's custody and will be handed over to the Company Secretary for safe preservation after the Chairman approves and signs the minutes of the EGM.
Historical Stock Returns for Mish Designs
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | -9.17% | -30.89% | -45.50% | -78.29% |
What specific strategic initiatives will the increased authorised capital and preferential share issues fund?
How will the conversion price and timeline for the newly approved warrants be determined?
What are the growth implications of appointing Mrs. Kajal Chhatwal and altering Mr. Tapan Shah's director status?
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