M&B Engineering Ltd. Shareholders Approve Key Resolutions Through Postal Ballot
M&B Engineering Ltd. announced today, March 19, 2026, that resolutions ratifying the M&B Engineering Limited Employee Stock Option Plan 2024 and granting employee stock options to group company employees have been duly passed through a postal ballot and e-voting process.According to the results, 4,41,62,578 shareholders, representing 97.08% of the votes cast, approved the ratification of the Employee Stock Option Plan 2024. Similarly, 4,41,62,578 shareholders, also representing 97.08%, approved the grant of employee stock options. A total of 13,27,999 shareholders cast votes against the resolutions, representing 2.92% each.
The voting period, which began on February 17, 2026, concluded on March 18, 2026. Mr. Kashyap R. Mehta and Mr. Yash K. Mehta of Kashyap R. Mehta & Partners, Practicing Company Secretaries, acted as Scrutinizers for the postal ballot.
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