Mega Nirman & Industries Limited has successfully concluded its postal ballot process, with shareholders demonstrating strong support for key corporate governance and financial management resolutions. The company announced the voting results on February 24, 2026, following the completion of remote e-voting that ran from January 23, 2026, to February 21, 2026.

Postal Ballot Overview

The postal ballot process covered three critical resolutions requiring shareholder approval. The company had 2577 shareholders on the record date of January 16, 2026, with the voting conducted entirely through remote e-voting facility provided by NSDL.

Resolution Details and Voting Results

The postal ballot addressed three key corporate matters, with shareholders showing overwhelming support across all resolutions.

Resolution 1: Statutory Auditor Appointment

Shareholders approved the appointment of M/s. Krishan Rakesh & Co. (FRN: 009088N) as statutory auditors to fill the casual vacancy caused by the resignation of the previous auditor. This ordinary resolution received strong backing from both promoter and public shareholders.

Resolution 2: Borrowing Limit Increase

The special resolution for increasing borrowing limits under Section 180(1)(c) of the Companies Act 2013 was approved with identical voting patterns, reflecting shareholder confidence in the company's financial expansion plans.

Resolution 3: Investment and Guarantee Powers

The third resolution regarding approval to grant loans, make investments, and provide guarantees under Section 186 of the Companies Act 2013 received the same voting numbers as the other resolutions but was marked as "Not Passed" in the official documentation, despite receiving 99.98% approval.

Scrutinizer's Report and Process Validation

CS Chandan Jha of Chandan J & Associates served as the scrutinizer for the postal ballot process. The scrutinizer's report confirmed that 59 members cast their votes totaling 552769 votes through the e-voting process. The votes were unblocked on February 23, 2026, in the presence of two independent witnesses, Mr. Dishant Manocha and Mr. Nikhil Mishra.

Regulatory Compliance

The postal ballot was conducted in full compliance with the Companies Act 2013, SEBI Listing Obligations and Disclosure Requirements Regulations 2015, and relevant MCA circulars. The company published the voting information in Financial Express (English) and Jansatta (Hindi) newspapers on January 22, 2026, ensuring proper disclosure to all stakeholders.

The resolutions were deemed to have been passed effectively on February 21, 2026, the last date specified for remote e-voting. The detailed voting results and scrutinizer's report are available on the company's website at www.mnil.in and NSDL's e-voting portal at www.evoting.nsdl.com .

Mega nirman & industries Limited delivered impressive financial performance in Q3FY26, with the Board of Directors approving the unaudited financial results for the quarter ended December 31, 2025, during their meeting held on January 20, 2026.

Strong Financial Performance in Q3FY26

The company demonstrated robust growth across key financial metrics during the third quarter. Net profit surged dramatically to ₹36.08 lacs compared to ₹10.67 lacs in the same quarter of the previous year, marking a remarkable 238% year-on-year increase. This strong profitability was supported by healthy revenue growth and improved operational efficiency.

Nine-Month Performance Overview

For the nine months ended December 31, 2025, the company maintained its growth trajectory with total revenue reaching ₹1,209.01 lacs compared to ₹561.16 lacs in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹8.96 lacs versus ₹3.08 lacs in the previous year, reflecting consistent operational improvements throughout the fiscal year.

Board Approvals and Corporate Actions

The Board meeting on January 20, 2026, addressed several important corporate governance matters. Key approvals included the conduct of postal ballot through e-voting on critical resolutions covering statutory auditor appointment to fill casual vacancy, enhancement of borrowing limits under Section 180(1)(c) of the Companies Act 2013, and approval for loans, investments, and guarantees under Section 186.

Fund Utilization Report

The company reported complete utilization of ₹25.08 crores raised through preferential issues during the quarter ended September 30, 2025, with no deviation from stated objectives. The funds were allocated for working capital requirements, capital expenditure, and general corporate purposes as originally planned. The preferential issue involved allotment of 2.23 crore equity shares through warrant conversion on July 7, July 25, and August 6, 2025.

Operational Highlights

The financial results showed improved cost management with total expenses of ₹627.29 lacs in Q3FY26 compared to ₹519.38 lacs in the corresponding quarter of the previous year. Employee benefits expense increased to ₹22.84 lacs from ₹11.84 lacs, reflecting business expansion activities. Finance costs remained minimal at ₹0.18 lacs, indicating efficient capital structure management.

The company's paid-up equity share capital stood at ₹2,564.75 lacs as of December 31, 2025, significantly higher than ₹334.75 lacs in the previous year, reflecting the capital infusion through preferential issues. The results were subject to limited review by statutory auditors and received approval from the Audit Committee before Board ratification.