Mystic Electronics Ltd appointed Nikhil Kumar Rungta as a Non-Executive Independent Director for a 5-year term during its 15th Annual General Meeting held on September 29, 2026. The appointment is effective from September 29, 2026, through September 28, 2031.

The company conducted the proceedings via video conferencing in compliance with regulatory guidelines. The meeting, chaired by Managing Director Mohit Khadaria, commenced at 11:00 am and concluded at 11:45 am. Four directors attended the session, including two independent directors, meeting the quorum requirements for the virtual platform.

Board changes and resolutions

Shareholders approved the appointment of Nikhil Kumar Rungta (DIN: 08789354) via a special resolution. Rungta holds a BLS LLB qualification and possesses over 13 years of experience in corporate laws, indirect taxes, general commercial litigation, and arbitration. He previously worked with TLC law firm and currently practices as a lawyer in the Bombay High Court specializing in indirect taxes. The company confirmed he has no inter-se relationship with any director or key managerial personnel and is not debarred from holding office.

Other key agenda items included the adoption of the Board of Directors' report and statutory auditor's report for FY26 as an ordinary resolution. Mohit Khadaria, who retired by rotation, was re-appointed as a director for another term. The board also received approval for transactions with related parties under Section 188 of the Companies Act, 2013, and Regulation 23 of SEBI (LODR) Regulations, 2015.

Meeting proceedings and voting

The Company Secretary briefed members on the remote e-voting facility, which remained open from September 26 to September 28, 2026. Members who did not vote prior to the meeting utilized the e-voting system during the session. Arvind Baid, Partner at M/s. Arvind Baid & Associates, served as the scrutinizer to verify the voting process.

No shareholder queries were raised during the open forum segment. The results of the combined remote and live e-voting, along with the scrutinizer's report, are scheduled to be published on the BSE website within two working days.

Mystic Electronics has scheduled its 15th annual general meeting for September 29, 2026. The board approved the FY26 annual report and recommended appointing Nikhil Kumar Rungta as an independent director.

The board meeting on August 26, 2026, concluded at 2:50 pm. The company disclosed details regarding the book closure and e-voting process in a separate communication dated August 27, 2026.

Key Board Resolutions

The board approved several key items during the session:

• Adoption of the secretarial audit report issued by Ritika Agrawal & Associates for FY26.
• Approval of the directors’ report along with annexures forming part of the annual report for the financial year ended March 31, 2026.
• Appointment of Arvind Dhanraj Baid as the scrutinizer for the e-voting process.

Director Appointment Details

Based on the recommendation of the Nomination and Remuneration Committee, the board proposed the appointment of Nikhil Kumar Rungta (DIN: 08789354) as a non-executive, independent director. His term is set for five consecutive years, effective from September 29, 2026, to September 28, 2031.

Rungta holds a BLS LLB qualification and possesses over 13 years of experience in corporate laws, indirect taxes, general commercial litigation, and arbitration. He previously worked with TLC law firm and currently practices as a lawyer in the Bombay High Court specializing in indirect taxes. He has no inter-se relationship with any existing director or key managerial personnel of the company.

AGM Logistics and E-Voting

The 15th AGM will be conducted through video conferencing or other audio-visual means (VC/OAVM) at 11:00 am from the registered office. Shareholders will be able to participate remotely.

The Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 29, 2026, for the purpose of the AGM. The cut-off date for ascertaining shareholders entitled to vote is September 22, 2026.

Remote e-voting will be open from September 26, 2026, at 9:00 am to September 28, 2026, at 5:00 pm. Mr. Arvind Dhanraj Baid, Chartered Accountant (Membership No. 155532), has been appointed as the scrutinizer to conduct the voting process in a fair and transparent manner.