MSTC shareholders approve all resolutions at 60th annual general meeting

MSTC Limited announced the results of its 60th annual general meeting (AGM) held on September 24, 2025, where all nine resolutions were passed by requisite majority. The total number of shareholders on the record date was 87,535, with 70,400,000 shares eligible for voting. Overall, 47,616,383 votes were polled, representing 67.6370% of outstanding shares.

Key ordinary resolutions, including the adoption of the audited standalone and consolidated financial statements for the year ended March 31, 2025, passed with 99.8164% of votes in favor. The confirmation of interim dividends for FY2024-25, including 4.00 rupees, 32.00 rupees, and 4.50 rupees per share, received 99.9997% in favor. The appointment of Subrata Sarkar as a director garnered 99.2701% approval.

Further resolutions for the appointment of the secretarial auditor and fixing remuneration of statutory auditors also passed with near-unanimous support (99.9999% each). Additionally, the appointment of Sudershan Mendiratta as government nominee director was approved with 99.2739%. Special resolutions concerning the appointments of Ramesh Kumar Soni, Alka Chandrakar, and Chandra Shekhar Baghel as independent directors, were also passed with significant majorities, ranging from 99.2701% to 99.8147%.