Munjal Auto Industries has entered into an agreement to purchase land at Mascot Industrial City, Vitthalapur, Ahmedabad, to support business expansion and increase market share.

The company signed the acquisition deal on September 12, 2026, with Mascot South Asia LLP. The transaction value is ₹14.31 crore.

Transaction Details

The purchase aims to strengthen the company’s operational footprint in Gujarat. The seller is not related to the promoter group or group companies of Munjal Auto Industries. Consequently, the transaction does not fall under related-party transaction regulations.

Regulatory Disclosure

The company made this disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No promoters, directors, key managerial persons, or their relatives have any direct or indirect interest in the matter.

Munjal Auto Industries shareholders approved the adoption of audited standalone and consolidated financial statements for FY26 and declared a final dividend of ₹1 per equity share at its 41st Annual General Meeting held on August 31, 2026.

The company disclosed the final voting results and the consolidated scrutinizer’s report on September 1, 2026. All three ordinary resolutions were passed with requisite majority. The promoter group, holding 74,806,450 shares, voted in favour of all resolutions.

Voting Participation

As on the cut-off date of August 20, 2026, there were 47,797 shareholders entitled to vote. Remote e-voting was conducted between August 28 and August 30, 2026. Additionally, 53 shareholders (one promoter and 52 public) attended the meeting via video conferencing and cast votes during the event.

Total votes polled stood at 74,921,002, representing 74.92% of the outstanding shares.

Resolution Outcomes

Shareholders voted on three ordinary resolutions. The results are detailed below:

Key Observations

• Promoter Support: The promoter group cast all 74,806,450 votes in favour of every resolution, indicating strong backing from the controlling stakeholders.
• Public Shareholder Engagement: Public institutions voted 98,242 shares in favour with no opposition. Non-institutional public shareholders polled 16,310 votes. While the financials and dividend resolutions saw near-unanimous support (99.81%), the reappointment of Anuj Munjal faced slightly higher dissent, with 1,031 votes against (6.32% of public non-institutional votes), though it still passed comfortably overall.
• Dividend Payout: The approved dividend of ₹1 per share represents a 50% payout on the face value of ₹2. With 10 crore equity shares outstanding, the total dividend payout amounts to ₹10 crore.

CS Devesh A. Pathak of Devesh Pathak & Associates served as the scrutinizer for the e-voting process. The unblocking of votes was witnessed by Moksha Pathak and Yusuf Fatepurwala.