MM Forgings Completes Postal Ballot for ₹10 Crore Capital Increase and ₹600 Crore Fund Raising

MM Forgings announced the successful completion of its postal ballot process on April 30, 2026, with shareholders approving two critical special resolutions for capital expansion and fund raising initiatives. The company submitted the results to both the Bombay Stock Exchange and National Stock Exchange in compliance with SEBI Listing Regulations.

Authorized Share Capital Increase Approved

The first special resolution received overwhelming approval for increasing the authorized share capital from ₹51,00,00,000 divided into 5,10,00,000 equity shares of ₹10 each, to ₹61,00,00,000 divided into 6,10,00,000 equity shares of ₹10 each. This change also requires consequent alteration of the capital clause in the Memorandum of Association of the Company.

Resolution Details:	Specifications
Current Authorized Capital:	₹51,00,00,000 (5,10,00,000 shares)
Revised Authorized Capital:	₹61,00,00,000 (6,10,00,000 shares)
Share Face Value:	₹10 per share
Capital Increase:	₹10,00,00,000

Fund Raising Authorization

The second special resolution authorizes the company to raise funds in one or more tranches through issuance of equity shares and/or other securities for an aggregate amount not exceeding ₹600 crores. This provides MM Forgings with significant flexibility to mobilize capital for future business requirements and expansion plans.

Voting Results and Shareholder Participation

The postal ballot process was conducted through remote e-voting from March 31, 2026 to April 29, 2026, with the record date set as March 27, 2026. M Damodaran & Associates LLP served as the scrutinizer for the voting process, ensuring transparency and compliance with 31,567 total shareholders on record.

Resolution	Votes in Favor	Votes Against	% in Favor	% Against	Status
Authorized Capital Increase	34,029,470	30	99.9999	0.0001	PASSED
Fund Raising up to ₹600 crores	33,293,805	735,695	97.84	2.16	PASSED

Detailed Shareholder Category Breakdown

The voting demonstrated strong support across all shareholder categories. For the capital increase resolution, promoters and promoter group voted 27,184,756 shares in favor with 99.94% participation, while public institutions contributed 4,727,257 favorable votes with 95.71% participation. Public non-institutions showed 13.12% participation with 2,117,457 shares supporting the resolution.

For the fund raising resolution, while promoter support remained unanimous at 27,184,756 shares, public institutions showed some resistance with 3,991,592 shares in favor and 735,665 shares against, representing 84.44% approval within this category. The scrutinizer's report confirmed both resolutions were passed with requisite majority, with the voting process concluding at 5:00 PM on April 29, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.78%	-1.68%	+23.63%	+60.70%	+43.78%	+113.15%

M M Forgings Limited has published newspaper advertisements regarding its Second 100 Days Campaign 'Saksham Niveshak' aimed at facilitating KYC updates and enhancing shareholder engagement. The campaign, running from April 1, 2026 to July 9, 2026, is designed to prevent the transfer of unpaid and unclaimed dividends to the Investor Education and Protection Fund (IEPF).

Campaign Details and Objectives

The Second 100 Days Campaign initiative follows the Investors Education and Protection Fund Authority (IEPFA) letter dated March 27, 2026. The comprehensive program addresses multiple shareholder service areas:

Campaign Parameter:	Details
Duration:	April 1, 2026 to July 9, 2026
Campaign Name:	Saksham Niveshak
Primary Focus:	KYC updates and dividend claims
Authority Reference:	IEPFA letter dated March 27, 2026

Shareholder Services and Support

Shareholders who have not claimed their dividends or updated their KYC details can contact the company's Registrar and Share Transfer Agent, Cameo Corporate Services Limited. The contact details include:

Address: Subramaniam Building, #1, Club house road, Anna Salai, Chennai - 600002
Phone: 044-40020700
Email: iepf@cameoindia.com and murali@cameoindia.com
Online Portal: https://wisdom.cameoindia.com/

Shareholders are encouraged to register and track their requests through the RTA portal for efficient processing of their queries and claims.

Regulatory Compliance and Documentation

The advertisements also inform shareholders about the opening of a special window for re-lodgement of transfer requests pertaining to physical shares. This initiative aligns with SEBI Circular No. SEBI/HO/38/13/11(2)/2026-MIRSD-POD/I/3750/2026 dated January 30, 2026.

Regulatory Aspect:	Reference
Stock Exchange Notification:	Regulation 30 of SEBI (LODR) Regulations, 2015
SEBI Circular:	SEBI/HO/38/13/11(2)/2026-MIRSD-POD/I/3750/2026
Circular Date:	January 30, 2026
Exchanges Notified:	BSE (Security Code: 522241) and NSE (Security Code: MMFL-EQ)

Publication and Accessibility

The advertisements were published in Trinity Mirror and Makkal Kural newspapers on April 30, 2026. The company has also uploaded the advertisement on its official website at www.mmforgings.com to ensure wider accessibility for shareholders.

The initiative represents M M Forgings Limited's commitment to maintaining transparent communication with its shareholders and ensuring compliance with regulatory requirements. The campaign provides a structured approach for shareholders to resolve issues related to unclaimed dividends and update their essential documentation during the specified timeframe.