Motor & General Finance Ltd

AGM Details

• Date: 24 September 2026; 11:30 AM; mode: VC/OAVM; venue: Registered Office, New Delhi.
• Quorum present; meeting conducted via VC/OAVM.
• Chairman Arun Mitter presided; Rajiv Gupta unable to attend.

Key Resolutions

• Resolution No.1(a): Standalone audited financial statements adopted.
• Resolution No.1(b): Consolidated audited financial statements adopted.
• Resolution No.2: Rajiv Gupta reappointed by rotation; passed.
• Resolution No.3: Board to fix remuneration of Statutory Auditors; passed.
• Resolution No.4: RPT with Ram Prakash & Co Pvt Ltd up to Rs 90 Cr through 2027.
• Resolution No.5: RPT with India Lease Development Limited up to Rs 20 Cr through 2027.
• Resolution No.6: RPT with Bahubali Services Private Limited up to Rs 20 Cr through 2027.
• Resolution No.7: Charitable contributions up to Rs 3 Cr/year; 5% of average profits.

Voting Results

• All resolutions passed with requisite majority.
• Near-unanimous support indicated across resolutions.

Dividend

• Dividend was not proposed or declared.

Director Changes

• Rajiv Gupta reappointed by rotation; no other director changes.

Auditor Appointments

• Statutory auditor remained; board to fix remuneration.

Material Related Party Transactions

• RPT with Ram Prakash & Co Pvt Ltd up to Rs 90 Cr through Sep 30, 2027.
• RPT with India Lease Development Limited up to Rs 20 Cr through Sep 30, 2027.
• RPT with Bahubali Services Private Limited up to Rs 20 Cr through Sep 30, 2027.

AGM Details

• AGM held on 24 September 2026 at 11:30 A.M.
• Mode: VC/OAVM (video conference/online meeting)
• Cut-off date for voting: 17 September 2026

Key Resolutions

• Resolution 1: Ordinary – Standalone audited financial statements adopted.
• Resolution 1B: Ordinary – Consolidated audited financial statements adopted.
• Resolution 2: Ordinary – Re-appoint director by rotation.
• Resolution 3: Ordinary – Authorize remuneration of statutory auditors for 2027.
• Resolution 4: Ordinary – Approve related party transaction with Ram Prakash & Co Pvt Ltd.
• Resolution 5: Ordinary – Approve related party transaction with India Lease Development Limited.
• Resolution 6: Ordinary – Approve related party transaction with Bahubali Services Private Limited.
• Resolution 7: Special – Company’s contribution to charitable funds.

Voting Results

• Resolutions 1, 1B, 2, 3, 4, 5, 6 passed with overwhelming in-favour votes.
• Resolution 7 (special) passed with majority in-favour.
• Small opposition observed in some resolutions; overall approvals substantial.

Dividend

• No dividend proposed or declared at this AGM.

Director Changes

• Rajiv Gupta re-appointed by rotation.

Auditor Appointments

• Remuneration of statutory auditors fixed for FY ending March 2027.

Material Related Party Transactions

• Ram Prakash & Co Pvt Ltd: Material RPT approved.
• India Lease Development Limited: Material RPT approved.
• Bahubali Services Private Limited: Material RPT approved.

Other Approvals

• Special resolution for charitable contributions approved.

AGM Details

• Date and time: 24 September 2026 at 11:30 AM.
• Mode: VC/OAVM; attendees 211 members present.

Resolutions

• Ordinary Res 1a: Adopt standalone financial results for year ended 31 March 2026.
• Ordinary Res 1b: Adopt consolidated financial results for year ended 31 March 2026.
• Ordinary Res 2: Re-appoint Rajiv Gupta as Director by rotation.
• Ordinary Res 3: Authorise remuneration of Statutory Auditors for FY2027.
• Ordinary Res 4: Approve related party transactions with RamPrakash & Co Private Limited.
• Ordinary Res 5: Approve related party transactions with India Lease Development Limited.
• Ordinary Res 6: Approve related party transactions with Bahubali Services Private Limited.
• Special Res 7: Approve contributions to bonafide and charitable funds.

Voting Status

• Res 1a: Voting results not disclosed; will be communicated later.
• Res 1b: Voting results not disclosed; will be communicated later.
• Res 2: Voting results not disclosed; will be communicated later.
• Res 3: Voting results not disclosed; will be communicated later.
• Res 4: Voting results not disclosed; will be communicated later.
• Res 5: Voting results not disclosed; will be communicated later.
• Res 6: Voting results not disclosed; will be communicated later.
• Res 7: Voting results not disclosed; will be communicated later.

Director Changes

• Rajiv Gupta to be re-appointed as Director by rotation.

Auditors

• Statutory Auditor: Praveen Jain, Jagdish Chand & Co.
• Board may fix remuneration of Statutory Auditors for FY ending 31 March 2027.

Related Party Transactions

• Related party transactions with RamPrakash & Co Private Limited approved.
• Related party transactions with India Lease Development Limited approved.
• Related party transactions with Bahubali Services Private Limited approved.

Motor & General Finance Limited closes trading window from Oct 1, 2026 until 48 hours after the announcement of Standalone & Consolidated Unaudited Financial Results for the quarter and half year ending September 30, 2026.

AGM notice and digital access

• AGM scheduled for September 24, 2026 at 11:30 AM IST via VC/OAVM.
• Notice and Annual Report for FY 2025-26 sent electronically to registered email addresses.
• Shareholders without registered emails will receive a web link and QR code access.
• Access to AGM materials is available on mgfltd.com and on BSE/NSE portals.
• Update email IDs with DP/RTA to continue receiving notices.