MP Agro Industries Completes Postal Ballot for Independent Director Reappointment
MP Agro Industries Limited concluded its postal ballot process on February 23, 2026, with shareholders overwhelmingly approving the reappointment of Mrs. Arati Jadhav as Independent Director. The process achieved 64.43% participation with 99.999% votes in favour, conducted through remote e-voting under scrutinizer CS J.J. Gandhi's supervision in compliance with regulatory requirements.
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MP Agro Industries Limited has successfully completed its postal ballot process through remote e-voting, with shareholders overwhelmingly approving the reappointment of an Independent Director. The company declared the voting results on February 23, 2026, following the conclusion of the e-voting period on February 21, 2026.
Postal Ballot Resolution Details
The postal ballot sought shareholder approval for a single special resolution regarding the reappointment of Mrs. Arati Jadhav (DIN: 07158600) as an Independent Director of the company for a further term of five years up to February 10, 2031.
| Parameter: | Details |
|---|---|
| Resolution Type: | Special Resolution |
| Director Name: | Mrs. Arati Jadhav |
| DIN: | 07158600 |
| Term Duration: | Five years |
| Term End Date: | February 10, 2031 |
Voting Results and Participation
The postal ballot process demonstrated strong shareholder participation and support. The voting was conducted entirely through remote e-voting in compliance with MCA circulars and SEBI regulations.
| Category: | Shares Held | Votes Polled | Participation (%) | Votes in Favour | Votes Against | Support (%) |
|---|---|---|---|---|---|---|
| Promoter & Promoter Group: | 1,049,011 | 858,461 | 81.84 | 858,461 | 0 | 100.00 |
| Public Institutions: | 18,411 | 0 | 0.00 | 0 | 0 | 0.00 |
| Public Non-Institutions: | 4,736,492 | 2,881,091 | 60.83 | 2,881,081 | 10 | 99.999 |
| Total: | 5,803,914 | 3,739,552 | 64.43 | 3,739,542 | 10 | 99.999 |
Process Timeline and Compliance
The postal ballot process was conducted in strict compliance with regulatory requirements. The company dispatched the postal ballot notice on January 20, 2026, to all members whose email addresses were registered with the company or depositories. The cut-off date for determining eligible voters was January 16, 2026.
Key timeline milestones included:
| Milestone: | Date |
|---|---|
| Notice Date: | January 19, 2026 |
| Notice Dispatch: | January 20, 2026 |
| Cut-off Date: | January 16, 2026 |
| E-voting Period: | January 23, 2026 (9:00 AM) to February 21, 2026 (5:00 PM) |
| Results Declaration: | February 23, 2026 |
Scrutinizer's Certification
CS J.J. Gandhi, Proprietor of J.J. Gandhi & Co., Practicing Company Secretaries (FCS - 3519), served as the appointed scrutinizer for the postal ballot process. The scrutinizer confirmed that the voting process was conducted in compliance with the Companies Act, 2013, and relevant MCA circulars issued in view of the COVID-19 pandemic.
The e-voting facility was provided by Central Depository Services (India) Limited (CDSL), and the company's registrar and transfer agent, MUFG Intime India Pvt. Ltd., assisted in the process. Public advertisements regarding the postal ballot were published in "Western Times" newspaper in both English and Gujarati languages on January 21, 2026.
The resolution is deemed to have been passed effectively on February 21, 2026, the last date specified for remote e-voting, with the company fulfilling all disclosure requirements under Regulation 44(3) of SEBI (LODR) Regulations, 2015.
Historical Stock Returns for MP Agro Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.37% | -15.84% | -0.34% | -15.12% | +5.72% | +113.73% |
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