Monind Limited has disclosed the final voting results and the scrutinizer's report for its 43rd Annual General Meeting held on September 29, 2026. The meeting, conducted via video conferencing, saw all proposed resolutions passed with the requisite majority.

The company adopted the audited financial statements for the fiscal year ended March 31, 2026. Both the statutory and secretarial auditors expressed unqualified opinions on the reports for FY26. The resolution to adopt these financials received 101,388,436 votes in favor and only 5 votes against.

Director reappointment and governance

Shareholders approved the re-appointment of Mahesh Kumar Sharma as a director. Sharma, who serves as Whole Time Director and CFO, retired by rotation and offered himself for re-election. The meeting was chaired by Keshav Sharma, with independent directors Shweta Bansal and Sandeep Kumar in attendance.

Voting participation details

Remote e-voting facilities were active from September 26 to September 28, 2026. Members present at the virtual meeting could cast votes during the session. The scrutinizer, Kapil Dev Taneja of Sanjay Grover & Associates, oversaw the voting process.

The total number of shareholders on the record date (September 22, 2026) was 1,444. Of these, 5 promoters and 12 public shareholders attended the meeting through video conferencing. No shareholders attended in person or through proxy.

Capital structure and voting rights

The company's paid-up equity share capital stood at ₹3,68,12,620 divided into 36,81,262 equity shares of ₹10 each. Additionally, preference shares form part of the capital structure:

• 15,00,000 10% Non-Convertible Non-Cumulative Redeemable Preference Shares of ₹100 each.
• 90,00,000 0.01% Non-Convertible Non-Cumulative Redeemable Preference Shares of ₹100 each.

Preference shareholders hold voting rights in proportion to their paid-up capital relative to equity shareholders. Consequently, the total voting entitlement across all classes amounted to 10,86,81,262 votes.

Meeting proceedings summary

The AGM commenced at 12:30 pm and concluded at 1:05 pm. The Company Secretary confirmed the presence of requisite quorum. Statutory registers were available for electronic inspection by members. The annual report for FY26 was circulated electronically to registered email IDs.

Monind has completed the dispatch of notices for its 43rd Annual General Meeting (AGM), scheduled for September 29, 2026. The meeting will be held via Video Conferencing or Other Audio Visual Means (OAVM) at 12:30 pm. The company confirmed that the Notice of the AGM and the Annual Report for FY26 are available on its website and stock exchange portals.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders whose email addresses are not registered were sent letters providing web-links to access the documents. Physical copies of the Annual Report will be provided upon request.

Financial Performance

Monind reported a net loss of ₹76.10 lakh for the financial year ended March 31, 2026, a significant improvement from the ₹253.75 lakh loss recorded in FY25. The Board did not recommend any dividend for the year due to accumulated losses.

Total income stood at ₹198.56 lakh, derived entirely from other income, primarily balances written off. Total expenses rose slightly to ₹273.50 lakh from ₹253.75 lakh in FY25. Finance costs accounted for the majority of expenditures at ₹246.45 lakh.

Balance Sheet and Liquidity

As of March 31, 2026, total assets remained largely unchanged at ₹2,549.93 lakh. Non-current assets included investments valued at ₹2,540.20 lakh, while cash and cash equivalents declined marginally to ₹4.71 lakh from ₹5.52 lakh.

Total borrowings increased to ₹3,006.12 lakh, comprising non-current liabilities of ₹2,787.87 lakh and current liabilities of ₹218.25 lakh. Current liabilities significantly exceeded current assets, resulting in a current ratio of 0.09.

Corporate Governance Updates

The Board composition saw changes during the year, with Ms. Shweta Bansal and Mr. Sandeep Kumar appointed as Independent Directors. Conversely, Ms. Babika Goel and Mr. Umesh Kumar Shukla resigned from their positions as Independent Directors.

Mr. Mahesh Kumar Sharma, whose five-year term concluded on May 6, 2026, is eligible for re-appointment as Whole-Time Director and KMP for another five-year term. The AGM will be conducted via Video Conferencing or Other Audio Visual Means (OAVM), with remote e-voting facilities available through NSDL.

E-voting Details

• Cut-off date for reckoning entitlement: Tuesday, September 22, 2026
• Remote e-voting start date: Saturday, September 26, 2026 at 9:00 am IST
• Remote e-voting end date: Monday, September 28, 2026 at 5:00 pm IST

Members who have cast their vote through remote e-voting may attend the AGM through VC/OAVM but shall not be entitled to change their vote subsequently. Members attending the AGM who have not cast their vote through remote e-voting and are otherwise eligible shall be able to vote through the e-voting facility made available during the AGM.

What the Numbers Show

The narrowing of the net loss by over 70% was driven entirely by non-operational factors. With zero revenue from operations, the improvement stems from ₹198.56 lakh in other income—specifically balances written off—which offset the persistent finance costs of ₹246.45 lakh. This indicates that the reduction in loss is not reflective of operational turnaround but rather accounting adjustments against ongoing interest obligations.