Maks Energy Solutions India Limited — Important, 20-02-2025: Updates

The company has invalidated resolutions passed at the Annual General Meeting on 25th September 2024, following a review that identified the inclusion of votes from interested parties in specific agenda items. The affected resolutions pertain to:

1. Authority to grant funds/unsecured loans via Inter-Corporate Deposits (ICDs) to certain subsidiaries.

2. Authority to grant funds/unsecured loans via ICDs exceeding prescribed limits.

3. Approval of Material Related Party Transactions.

Due to the exclusion of these invalid votes, the resolutions failed to achieve the necessary majority and are deemed ineffective. The Board has taken corrective measures to uphold compliance with corporate governance standards. Disclosures regarding these changes will be filed with relevant authorities. Shareholders should note the company’s commitment to transparency and adherence to regulations.