Mega Corporation Limited recently held a significant shareholder meeting, marking a pivotal moment for the company's governance and future plans. The meeting, which took place on September 22, 2025, saw active participation from a total of 24,088 shareholders, including both promoter group members and public shareholders.

Key Meeting Highlights

• Shareholder Participation: The meeting was attended by 7 promoter group members and 24,081 public shareholders through video conferencing, showcasing the company's commitment to inclusive and accessible corporate governance.

• Resolutions Passed: All five proposed resolutions were successfully passed, demonstrating strong shareholder support for the company's initiatives.

Detailed Resolution Outcomes

1. Adoption of Financial Statements: Passed as an ordinary resolution with 99.9998% votes in favor.

2. Re-appointment of Director: Mr. Surendra Chhalani (DIN: 00002747) was re-appointed as a director, with 99.9923% of votes cast in favor.

3. Appointment of Statutory Auditor: M/s. Manish Pandey & Associates (FRN: 019807C) was appointed as the statutory auditor for a five-year term (FY2025-26 to FY2029-30), receiving 99.9923% approval.

4. Appointment of Secretarial Auditor: M/s. Vikash Gupta & Associates was appointed as the secretarial auditor for a five-year term, also with 99.9923% of votes in favor.

5. Employee Stock Option Scheme: The "Mega Corporation Limited Employee Stock Option Scheme – 2025" was approved as a special resolution, garnering 99.9923% support.

Voting Patterns and Shareholder Engagement

The meeting revealed interesting voting patterns among different shareholder groups:

• Promoter Group: Holding 133,658,906 shares, the promoter group showed unanimous support, voting 100% in favor of all resolutions.

• Public Shareholders: While overall approval rates exceeded 99.99% for all matters, there was some opposition from public non-institutional shareholders. Approximately 11.7% of votes from this group were cast against certain resolutions.

Scrutinizer Details

The meeting proceedings were overseen by:

• Scrutinizer: Vikash Gupta
• Firm: VIKASH GUPTA & CO.
• Qualification: CS, Membership Number F9198
• Appointment: Board Meeting dated 29-08-2025
• Report Issuance: 01-10-2025

Conclusion

The successful passage of all resolutions, including the Employee Stock Option Scheme, signals strong shareholder confidence in Mega Corporation Limited's strategic direction and governance practices. The high participation rate and overwhelming support for the resolutions underscore the company's effective engagement with its diverse shareholder base.

As Mega Corporation Limited moves forward with these approved measures, stakeholders will be keen to observe the impact on the company's operations, employee motivation, and overall performance in the coming fiscal years.

Mega Corporation , a prominent manufacturer of alloy wheels, has reported a net loss for the quarter ended June 30, despite an increase in revenue. The company's financial results, approved by the Board on August 5, reveal a mixed performance for the first quarter.

Financial Highlights

• Net Loss: Mega Corporation reported a net loss of ₹17.12 million for Q1, compared to a net profit of ₹13.13 million in the same quarter of the previous year.
• Revenue Growth: Total income from operations increased to ₹2,331.61 million, up from ₹1,890.25 million year-over-year, marking a growth of approximately 23.3%.
• Half-Year Performance: For the six-month period, the company posted a net loss of ₹70.09 million, contrasting with a profit of ₹101.82 million in the corresponding period of the previous year.
• Earnings Per Share: Basic and diluted earnings per share stood at negative ₹0.95 for the quarter.

Financial Table

Analysis

The company's financial results present a challenging picture. While Mega Corporation has managed to significantly increase its revenue, the bottom line has been impacted, resulting in a net loss. This situation suggests that the company might be facing increased costs or operational challenges that are offsetting the revenue growth.

The shift from a profit to a loss position, both for the quarter and the six-month period, indicates a substantial change in the company's financial dynamics. Factors such as raw material costs, manufacturing expenses, or market conditions could be contributing to this performance.

Looking Ahead

As Mega Corporation navigates through these challenging times, investors and stakeholders will be keenly watching how the company addresses its profitability concerns while maintaining its revenue growth trajectory. The management's strategies to improve operational efficiency and cost management will be crucial in the coming quarters.

The company's ability to leverage its increased revenue to return to profitability will be a key focus area. Mega Corporation's performance in the subsequent quarters will be critical in determining its financial health and market position.