Stanrose Mafatlal Investments & Finance Ltd Holds 46th Annual General Meeting
Stanrose Mafatlal Investments & Finance Limited held the proceedings of its 46th Annual General Meeting (AGM) on July 14, 2026. The meeting was chaired by Shri M. J. Mehta, Non-Independent Director and CEO.The Chairman initiated the meeting after confirming that the requisite quorum was present. Directors, Statutory Auditors, Secretarial Auditors, and Key Managerial Personnel (KMPs) were in attendance.
Meeting Timeline and Outcomes
The company conducted remote e-voting from Saturday, July 11, 2026, to Monday, July 13, 2026. The AGM commenced at 3:00 P.M. and concluded at 3:15 P.M.During the meeting, members approved several items of business through remote e-voting and during the AGM itself (e-voting).
Ordinary Business:
- Adoption of the Audited Financial Statements for the Financial Year ended March 31, 2026, along with the reports of the Auditors.
- Adoption of the Audited Consolidated Financial Statements for the Financial Year ended March 31, 2026, and the report of Auditors thereon.
- Re-appointment of Shri Dhansukh H. Parekh, who retires by rotation.
Special Business:
The meeting addressed and deliberated on six key items:
- Payment of Commission to Non-Executive Directors of the Company.
- Renewal of Leave Agreement & Licence Agreement and Facility & Service Agreement with Shanudeep Private Limited, a Related Party.
- Continuation of Shri Dhansukh H. Parekh's directorship upon attaining the age of 75 years.
- Alteration to Main Object Clause of the Memorandum of Association.
The results of the e-voting process will be uploaded on the company website and separately notified to the Stock Exchange.
Stock Price Movement
Stanrose Mafatlal Investments & Finance Ltd settled on Friday at ₹65.53, slipping 2.19% off its previous close. Shares traded within the day's range, touching a low of ₹65.00 and an intraday high of ₹67.30.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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