Mount Housing and Infrastructure has scheduled its 31st Annual General Meeting for September 29, 2026, seeking shareholder approval for key executive appointments and FY26 financial results.

The Board of Directors convened on September 4, 2026, in Coimbatore to finalise the agenda. The meeting approved the appointment of Mr. Ramesh Chand Bafna as Managing Director and Mr. Kalpesh Bafna as Whole-Time Director, alongside the adoption of audited standalone financial statements for the fiscal year ended March 31, 2026. The AGM notice, along with the Annual Report for FY26, was electronically dispatched on September 5, 2026 to members whose email addresses are registered with the company, its Registrar and Share Transfer Agent (RTA), or depositories. The notice is available on the company's website at www.mounthousing.com and on the BSE Limited website, as well as on the CDSL e-voting portal.

AGM details

The 31st AGM will be held at the company's registered office at No. 1175, Sungam Circle, Trichy Road, Ramanathapuram, Coimbatore at 11:00 am on Tuesday, September 29, 2026. The meeting will be conducted in physical mode only, with no facility for participation through video conferencing or other audio-visual means. Remote e-voting is available from September 26, 2026, at 9:00 am until September 28, 2026, at 5:00 pm. The cut-off date for voting eligibility is September 22, 2026.

Voting rights are proportional to each member's share in the paid-up equity share capital as on the cut-off date. Members who cast their vote through remote e-voting may attend the AGM but cannot vote again. The facility for voting through ballot or polling paper will also be available at the venue for members who have not voted remotely. M/s R G Jain & Associates, Chartered Accountants, Coimbatore, has been appointed as the scrutiniser for remote e-voting and voting at the venue.

Leadership appointments

The board proposed two special resolutions for shareholder approval regarding executive leadership:

• Mr. Ramesh Chand Bafna: Appointed as Managing Director for five years (September 4, 2026 to September 3, 2031). This appointment includes continuation after attaining age seventy, which he will reach on December 21, 2026. His remuneration ceiling is ₹84 lakh per financial year for the first three years.
• Mr. Kalpesh Bafna: Appointed as Whole-Time Director for five years (September 4, 2026 to September 3, 2031). He also retires by rotation at the AGM and seeks re-appointment as a director via an ordinary resolution. His remuneration ceiling is ₹84 lakh per financial year for the first three years.

Both appointees receive a basic salary of ₹5 lakh per month, subject to revision within the overall ceiling. The remuneration package includes medical reimbursement, leave travel allowance, club fees, personal accident insurance, and retirement benefits. In the event of absence or inadequacy of profits, remuneration may be paid as minimum remuneration under Schedule V of the Companies Act, 2013.

Related party arrangement

The board approved a contractual arrangement with M/s White Ink, a related-party proprietorship concern, for architectural and design services. The agreement includes a monthly retainer fee of ₹4.5 lakh plus applicable taxes and project-wise charges. Interested directors abstained from voting on this matter.

Financial context

The board approved the standalone financial statements for FY26. Revenue from operations stood at ₹1,436.33 lakh for FY26, up from nil in FY25 and ₹201.62 lakh in FY24. Profit after tax was ₹19.39 lakh in FY26, compared to a loss of ₹85.92 lakh in FY25.

Mr. Ramesh Chand Bafna holds 59.71% of equity shares, while Mr. Kalpesh Bafna holds 9.58% as of June 30, 2026. Both promoters have provided unsecured loans to the company and receive rent payments for properties used by the firm.

Mount Housing & Infrastructure will hold a meeting of its Board of Directors on Thursday, August 13, 2026, to approve the company’s financial results for the second quarter of FY27. The meeting, scheduled for 04:00 p.m., will focus on reviewing the unaudited financial statements for the quarter ended June 30, 2026, and the corresponding limited review report from the auditors.

The intimation was issued pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was signed by Anita Kumari Chhajjer, Company Secretary & Compliance Officer, and Ramesh Chand Bafna, Managing Director.

Meeting Details

The Board meeting will be held at the company’s registered office located at No. 1175, Sungam Circle, Trichy Road, Ramanathapuram, Coimbatore – 641045, Tamil Nadu, India. Directors may also attend via electronic mode; those wishing to participate remotely must confirm their attendance by emailing mount@mounthousing.com within two days of the notice date.

Regulatory Compliance

The filing confirms that the company is adhering to SEBI’s listing obligations regarding timely disclosure of board meetings intended for financial approval. No other material transactions or strategic announcements were listed in the agenda beyond standard procedural items such as granting leave of absence to directors.