Mount Housing and Infrastructure Ltd

AGM details

• AGM held 29 Sep 2026, 11:00 IST, physical mode at registered office.

Resolutions and results

• Ordinary: Adoption of audited standalone financial statements and reports — Passed.
• Ordinary: Re-appointment of Kalpesh Bafna by rotation — Passed.
• Special: Appointment of Ramesh Chand Bafna as Managing Director with remuneration — Passed.
• Special: Appointment of Kalpesh Bafna as Whole-Time Director with remuneration — Passed.

Director changes

• Ramesh Chand Bafna appointed Managing Director for five years, including continuation after 70; remuneration to be approved.
• Kalpesh Bafna appointed as Whole-Time Director for five years; remuneration approved.
• Kalpesh Bafna re-appointment as Director by rotation.

Auditors

• No changes to statutory auditors disclosed.

AGM Details

• Date and time: September 29, 2026, at 11:00 a.m.
• Mode: physical meeting at the registered office.
• Meeting duration: 11:00 a.m. to 12:45 p.m.

Resolutions

• Ordinary: Adoption of audited standalone financial statements and reports.
• Ordinary: Re-appointment of Kalpesh Bafna (retiring by rotation).
• Special: Appointment of Ramesh Chand Bafna as Managing Director with continuation after age 70 and remuneration.
• Special: Appointment of Kalpesh Bafna as Whole-Time Director and remuneration approval.

Voting and Scrutiny

• Remote e-voting facility provided to members.
• Voting window: September 26–28, 2026, 9:00 a.m.–5:00 p.m.
• Ballot papers available at AGM venue.
• Scrutinizer to submit report within 48 hours; results on websites.
• Results to be posted on company and CDSL websites.

Financial performance

• Revenue from operations: Rs 1,436.33 lakh in FY2025-26.
• Total revenue: Rs 1,440.09 lakh in FY2025-26.
• Profit before tax: Rs 20.03 lakh in FY2025-26.
• Profit after tax: Rs 19.39 lakh in FY2025-26.
• Basic EPS: 0.64.
• Depreciation: Rs 7.99 lakh.
• Finance costs: Rs 108.02 lakh.
• YoY: Profitability returned with PAT Rs 19.39 lakh after prior year's loss.

Projects & operations

• Mount Galaxy Phase I 40% completion on Block B as of 31-03-2026.
• Total collected from project: Rs 6.70 crore.
• Withdrawals from project account: Rs 6.30 crore.
• Developer share in Mount Galaxy: 72%.
• Mount Galaxy is ongoing residential development in Coimbatore.

Dividend & capital allocation

• Dividend for FY2025-26 not proposed.
• No transfer to general reserve.
• Remuneration ceilings per appointee: Rs 84 lakh/year.

Capital structure & liquidity

• Total borrowings: Rs 1702.42 lakh; long-term Rs 870.08 lakh, short-term Rs 832.34 lakh.
• Cash and cash equivalents: Rs 94.70 lakh.
• Current ratio: 0.69.
• Equity and reserves: equity 302.87 lakh; other equity 96.95 lakh.
• No material investments or deposits.

Governance & audit

• Statutory auditors: Raja & Raman; unmodified opinion.
• Secretarial audit: Monalisa Datta; MGT-15 delayed, fines paid.
• Board meetings held: 7; Audit Committee meetings: 7.
• Nomination & Remuneration Committee: 2 meetings; Stakeholders Relationship: 2.
• SEBI exemptions: Regulation 15(2) continues to apply.

Related party transactions

• Related-party lease of registered office to Kalpesh Bafna: Rs 1.50 lakh/month.
• Term: 36 months; arm's-length basis.
• Remuneration to Ramesh Chand Bafna: Rs 72.00 lakh.
• Remuneration to Kalpesh Bafna: Rs 16.85 lakh.
• Total related-party remuneration: Rs 88.85 lakh.

AGM & regulatory disclosures

• 31st AGM on Sep 29, 2026; physical mode.
• Remote e-voting from Sep 26-28, 2026; cut-off Sep 22, 2026.
• Notice and annual report available on company site and BSE.
• Form MGT-15 delays noted; compliance improvements underway.

Meeting Details

• Board meeting on 04 September 2026 at 04:00 p.m. at Registered Office, No. 1175, Sungam Circle.

Key Agenda Items

• To record quorum and note minutes of the previous Board and Audit Committee meetings.
• Determine directors retiring by rotation and approve the notice for convening the 31st AGM.
• Consider and approve appointment of Scrutinizer for the 31st AGM.
• Approve appointment of Mr. Ramesh Chand Bafna as managing director, including age-70 continuation and remuneration.
• Approve appointment of Kalpesh Bafna as Whole-time Director and remuneration terms.
• Note reconstitution of the Board and Committees, if any.
• Consider and approve the Directors’ Report for the year ended 31 March 2026.
• Approval for entering into related-party contract with M/s White Ink for architectural services.

Other Notes

• Electronic participation is available; confirm by email to enable arrangements.

Unaudited results

• Board approved unaudited standalone results for the quarter ended June 30, 2026.
• Statement of unaudited standalone results enclosed with Statutory Auditors' Limited Review Report.
• Auditors RAJA & RAMAN issued an unmodified opinion.
• Covering Regulation 33 of SEBI LODR compliance for results.
• Board meeting date August 13, 2026.

Financial results approved

• Approved unaudited standalone results for quarter ended June 30, 2026.
• Auditors RAJA & RAMAN issued unmodified opinion on the results.
• Limited Review Report enclosed with the results.

Meeting Details

• Date: 13 August 2026.
• Time: 04:00 PM.
• Venue: No. 1175, Sungam Circle, Trichy Road, Ramanathapuram, Coimbatore – 641045, Tamil Nadu.

Key Agenda Items

• To consider and approve unaudited quarterly financial statements for the quarter ended 30 June 2026.
• To approve the Auditors' Limited Review Report for the quarter ended 30 June 2026.
• To record quorum; grant leave of absence to directors; note minutes of previous Board and Audit Committee meetings.
• Any other matter with the permission of the Chair.

Other Notes

• Electronic participation is available; confirm attendance by email within two days.