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Mahindra Lifespace Developers Limited Holds 25th Annual General Meeting

Mahindra Lifespace Developers Limited 25th AGM Highlights

Mumbai, India – Mahindra Lifespace Developers Limited ("the Company") conducted its 25th Annual General Meeting (AGM) on July 24, 2024. The meeting was held virtually through video conferencing, adhering to the guidelines issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

Meeting Details

• Date: July 24, 2024
• Time: 03:00 p.m. (IST) to 06:05 p.m. (IST)
• Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
• Deemed Venue: Mahindra Towers, Dr. G. M. Bhosle Marg, Worli, Mumbai – 400 018

H2: Key Highlights from the AGM

• Chairman's Address: Mr. Ameet Hariani, Chairman, led the proceedings.
• Quorum: The meeting saw the participation of 74 members, ensuring the quorum was met.
• Director Attendance: All directors attended via VC except Ms. Asha Kharga due to prior commitments.
• Committees Representation: Chairpersons of key committees, including the Audit Committee and Corporate Social Responsibility Committee, were present.

H2: Agenda and Resolutions

The following resolutions were passed with the requisite majority:

H3: Ordinary Business

Adoption of Financial Statements:

• Standalone financial statement for FY ending March 31, 2024.
• Consolidated financial statement for FY ending March 31, 2024.

Declaration of Dividend: Rs. 2.65 per equity share for FY ending March 31, 2024.

Re-appointment of Director: Dr. Anish Shah as Non-Executive Director.

H3: Special Business

Re-appointment of Independent Director: Ms. Amrita Chowdhury for a second term.

Remuneration to Independent Directors.

Ratification of Cost Auditor's Remuneration.

Approval of Material Related Party Transactions: Including those with Mahindra & Mahindra Limited, Mahindra Happinest Developers Limited, Mahindra Homes Private Limited, Mahindra Water Utilities Limited, and associated companies.

H2: Voting Process

• E-Voting: Members who had not voted remotely were provided the opportunity to vote through the e-voting platform during the AGM.
• Scrutinizer's Report: The Chairman authorized the Managing Director & CEO and Company Secretary to receive and declare the voting results.

H2: Conclusion and Acknowledgements

The AGM concluded with the Chairman thanking the members for their participation and support. The proceedings were officially closed after the completion of e-voting.

Additional Information

For more detailed proceedings, visit Mahindra Lifespace AGM 2024.

H2: Contact Information