Manba Finance544262EGM

EGM outcome: all 7 resolutions passed, including preferential issue of warrants and equity shares

Manba Finance held its Extra-Ordinary General Meeting on Monday, October 19, 2026 at 01:00 PM through video conferencing.

By ScoutQuest · Mon 19 Oct 2026, 5:36 PM IST · 2 min read

76.71%Votes polled as % of outstanding shares

Votes polled as % of outstanding shares: 76.7076%.

Resolutions Passed: All 7 resolutions passed with requisite majority
Votes Polled (Capital Increase Resolution): 38537447 votes polled, or 76.7076% of outstanding shares, with 100% in favour and none against
Shareholders on Record: 17513 shareholders on record; record date 12-10-2026

Manba Finance Limited held its (01/2026-27) Extra-Ordinary General Meeting on Monday, October 19, 2026 at 01:00 PM through video conferencing and other audio-visual means, and the meeting concluded at 01:30 PM. Based on the Scrutinizer's Report, all the resolutions set out in the notice were passed with requisite majority.

What was passed

Increase in authorised share capital and consequential alteration of the capital clause of the memorandum of association — Ordinary Resolution.
Preferential issue of fully convertible warrants and equity shares — Special Resolution.
Re-appointment of Ms. Neelam Tater as an independent director — Special Resolution.
Re-appointment of Mr. Manish Kiritkumar Shah as managing director and revision in remuneration — Special Resolution.
Re-appointment of Mr. Monil Manish Shah as whole-time director and revision in remuneration — Special Resolution.
Re-appointment of Ms. Nikita Manish Shah as whole-time director and revision in remuneration — Special Resolution.
Re-appointment of Mr. Jay Mota as whole-time director and revision in remuneration — Special Resolution.

How shareholders voted

The record date was 12-10-2026, with 17513 shareholders on record. Remote e-voting ran from 15 October 2026, 09:00 a.m. to 18 October 2026, 05:00 p.m., and e-voting during the meeting was kept open for 15 minutes after it concluded.

For the resolution on increase in authorised share capital

Promoter and promoter group: 37669410 shares held, 37669410 votes polled, 37669410 in favour, 0 against.
Public institutions: 436406 shares held, 16102 votes polled (3.6897% of their holding), all in favour.
Public non-institutions: 12133594 shares held, 851935 votes polled (7.0213% of their holding), all in favour.
Total: 50239410 shares held, 38537447 votes polled, which is 76.7076% of outstanding shares, with all votes in favour and none against.

The preferential issue resolution recorded the same voting figures, and the promoter/promoter group was marked as interested in that resolution.

What it means

An increase in authorised share capital raises the ceiling up to which the company can issue shares, and a preferential issue of fully convertible warrants and equity shares is a way of bringing in fresh capital from chosen investors, with warrants converting into shares at a later date. Together these can change the total number of shares in circulation over time. The remaining resolutions settle the continuation of key board members and their remuneration. All seven items cleared with the votes polled being entirely in favour.

Also from Manba Finance

EGM outcome: all 7 resolutions passed, including preferential issue of warrants and equity shares

What was passed

How shareholders voted

For the resolution on increase in authorised share capital

What it means

Appoints CARE Ratings as monitoring agency for preferential issue proceeds

Manba Finance allots 60,000 Non-Convertible Debentures at 10.50% on private placement

Corrigendum to EGM notice: clarifications on proposed preferential issue of equity shares and warrants