Shri Mahalaxmi shareholders approve all resolutions at 30th AGM with 100% support

1 min read | Published on 29 Aug 2026, 06:53 PM |Updated on 29 Aug 2026, 07:43 PM

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Suketu GScanX News Team

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Key Highlights

Shareholders approved all resolutions at the 30th AGM with 100% support
Nine members cast a total of 2,449,002 votes in favour
Financial statements for FY23 were adopted unanimously
Kiran Vitthal Bhogate was appointed as director liable to retire by rotation

*this image is generated using AI for illustrative purposes only.

Shri Mahalaxmi Agricultural Developments Limited (BSE: 539010) shareholders approved all ordinary resolutions at the company's 30th Annual General Meeting held on Saturday, August 29, 2026, with 100% support.

The meeting, conducted via video conferencing, saw nine members cast a total of 2,449,002 votes in favour of every resolution. No votes were recorded against any item, and there were no invalid votes.

Voting Results

The scrutinizer's report, submitted by Neha Poddar, Practicing Company Secretary, confirmed that all voting was done through remote e-voting. No votes were cast during the physical/virtual meeting session itself.

Resolution	Members Voting	Votes Cast	% Support
Adoption of Audited Standalone Financial Statements (FY23)	9	2,449,002	100.00%
Appointment of Kiran Vitthal Bhogate as Director	9	2,449,002	100.00%

Governance Updates

Key outcomes from the meeting included:

Appointment of Executive Director Kiran Vitthal Bhogate (DIN: 07844152), who was liable to retire by rotation.
Adoption of the Audited Standalone Financial Statements for the financial year ended March 31, 2023.

Meeting Logistics

Remote e-voting commenced on Wednesday, August 26, 2026, at 9:00 am and concluded on Friday, August 28, 2026, at 5:00 pm. The cut-off date for determining voting entitlements was Friday, August 21, 2026.

The AGM commenced at 1:00 pm via Video Conferencing/Other Audio Visual Means (OAVM). The company convened the meeting in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

How is the reappointment of Executive Director Kiran Vitthal Bhogate expected to influence the company's strategic direction for FY24 and beyond?

Given the 100% shareholder support, what specific operational or financial milestones is Shri Mahalaxmi Agricultural Developments targeting in the upcoming fiscal year?

Will the company continue to rely exclusively on remote e-voting for future general meetings, and how might this impact shareholder engagement levels?

Shri Mahalaxmi shareholders approve all 26th AGM resolutions

1 min read | Published on 29 Aug 2026, 07:24 PM |Updated on 29 Aug 2026, 07:24 PM

Reviewed by

Naman SScanX News Team

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Key Highlights

All four resolutions at the 26th AGM passed with 100% support from 9 members
Total votes cast for each resolution were 2,449,002 with no opposing votes
Kiran Vitthal Bhogate appointed as Executive Director
Prajakta Ashok Patil and Sidhu Mahadev Jambhale appointed to board
FY19 standalone financial statements adopted by shareholders

*this image is generated using AI for illustrative purposes only.

Shri Mahalaxmi Agricultural Developments Limited reported unanimous approval of all resolutions at its 26th Annual General Meeting held on August 29, 2026. The meeting, conducted via video conferencing, saw complete backing from participating members for the adoption of financial statements and key board appointments.

The voting process, scrutinized by Practicing Company Secretary Neha Poddar, complied with Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Remote e-voting was open from August 26 to August 28, 2026, with voting rights reckoned as on the cut-off date of August 21, 2026.

Voting Results

All four ordinary resolutions passed with 100% support from the nine members who cast votes. No votes were recorded against any resolution, and there were no invalid votes. The total number of votes cast for each resolution stood at 2,449,002.

Resolution	Description	Votes For	Votes Against
1	Adoption of Audited Standalone Financial Statements for FY19	2,449,002	Nil
2	Appointment of Kiran Vitthal Bhogate as Executive Director	2,449,002	Nil
3	Appointment of Prajakta Ashok Patil as Non-Executive Woman Director	2,449,002	Nil
4	Appointment of Sidhu Mahadev Jambhale as Independent Director	2,449,002	Nil

Board Appointments

The shareholders approved the appointment of Kiran Vitthal Bhogate as an Executive Director. Additionally, Prajakta Ashok Patil was appointed as a Non-Executive Woman Director, and Sidhu Mahadev Jambhale was appointed as an Independent Director. All appointments were made through ordinary resolutions.

Financial Statements

The first resolution involved the receipt, consideration, and adoption of the Audited Standalone Financial Statements for the financial year ended March 31, 2019. This included the balance sheet, statement of profit and loss, cash flow statement, along with the reports of the board of directors and statutory auditors.

The electronic data and records related to the voting process remain in the custody of the scrutinizer until the Chairman approves and signs the minutes of the meeting. The company is listed on the BSE Limited and Metropolitan Stock Exchange of India Limited.

How will the appointment of Kiran Vitthal Bhogate as Executive Director influence Shri Mahalaxmi's strategic direction and operational efficiency in the coming fiscal year?

What specific initiatives is the company planning to implement to address the significant time gap between the adopted FY19 financial statements and the current reporting period?

How might the inclusion of Prajakta Ashok Patil as a Non-Executive Woman Director impact the board's diversity goals and corporate governance practices?