Shareholders meeting

Ref: MEIL/SEC/2026-27/50 Date: 30th September, 2026 The National Stock Exchange of India Limited. Exchange Plaza, 5th Floor, Plot No. C/1 G Block, Bandra- Kurla Complex, Bandra (East), Mumbai – 400051 Symbol: MARINE ISIN:INE01JE01028 Dear Sirs/Madam, Subject: Proceedings of the 19th Annual General Meeting of the Company (AGM) held on Wednesday, 30th September, 2026 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) With reference to above captioned subject matter, we wish to inform you that the 19th Annual General Meeting (“19th AGM”) of the Company was held on Wednesday, 30thSeptember, 2026 at 3:00 p.m. IST and concluded at 3:35 p.m. IST through Video Conferencing (VC)/ Other Audio Visual Means (OVAM) facility. Accordingly pursuant to regulation 30(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 (“SEBI Listing Regulations”) read with Para A of Schedule III of the SEBI (LODR) Regulations, 2015, we enclose herewith proceedings of the 19th Annual General Meeting of the Company as Annexure A. You are requested to take the same on your record and oblige. Thanking You. Yours faithfully, For Marine Electricals (India) Limited Deep Shah Company Secretary and Compliance officer ACS: 61488 Place: Mumbai ANNEXURE A PROCEEDINGS OF THE 19th ANNUAL GENERAL MEETING (AGM) OF THE COMPANY HELD ON WEDNESDAY, 30TH SEPTEMBER, 2026 1. Date, time and venue of the Meeting : The 19th Annual General Meeting (“19th AGM”) of members of Marine Electricals (India) Limited ( the “Company”) was held on Wednesday, 30th September, 2026 through Video Conferencing (VC)/Other Audio Visual Means (OAVM) in accordance with the various circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India, from time to time. Date of AGM Wednesday, September 30,2026 Commencement 3:00 P.M (IST) Time Conclusion Time 3:35 P.M (IST) Mode Video Conferencing/ Other Audio-Visual Means (VC/OAVM) 2. Brief details of items deliberated at AGM and results thereof :  Mr. Deep Shah - Company Secretary & Compliance Officer of the Company welcomed all the members at the 19th Annual General Meeting and introduced all the Board members, Statutory Auditors, Secretarial Auditors and Scrutinizers thereof, present at the AGM and briefed them on certain points relating to participation at the AGM through VC. The Company Secretary then requested Mr. Vinay Uchil, Chairman & Executive Director of the Company to address the members.  Mr. Vinay Uchil, Chairman & Executive Director of the Company chaired the Meeting. As per section 103 of the Companies Act, 2013, Mr. Deep Shah confirmed that the requisite quorum is present and announced the formal commencement of the Meeting with the permission of the Chairman.  The number of shareholders as on record date 23rd September, 2026 were 87491.  The Chairman informed the meeting is being held through video conference in accordance with the circular issued by Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI) from time to time and also deliberated on the points regarding the participation in this meeting through Video conferencing / Other Audio-Visual Means.  In Attendance Chairman and Executive Director, Chairman of Corporate Social 1 Mr. Vinay Krishna Uchil Responsibility Committee and,Risk Management Committee Mr. Venkatesh Krishnappa 2 Managing Director Uchil 3 Mr. Shailendra Kumar Shukla Executive Director Mrs. Tanuja Deepak Non- Executive Non- Independent Pudhierkar Director Mrs. Venkata Archana Non- Executive Independent Director Rajagopalan Chairman of Audit Committee. Non- Executive Independent Director Chairman of Nomination and 6 Mr. Nikunj Kishore Mishra Remuneration Committee and Stakeholders Relationship Committee 7 Mr. Vikas Manohar Jaywant Non- Executive Independent Director 8 Mr. Shanmugam Nagarajan Non- Executive Independent Director Company Secretary and Compliance 9 Mr. Deep Shah Officer 10 Mr. Sunil Kumar Dalmia Chief Financial Officer Saini Pati Shah & Co LLP, Statutory 11 Mr. Ankush Shah Auditors 12 Mr. Raghunath Bhandari M/s R. Bhandari & Co, Secretarial Auditor M/s. JNG & Co LLP, Company Secretary in 13 Mr. Jigarkumar Gandhi Practice, Scrutinizer Number of Shareholders Present : 52  The Company Secretary informed the Members that the Report of Board of Directors, the Accounts for the financial year ended March 31, 2026 and the Notice convening the 19th AGM were taken as read as the same had already been circulated to the Members.  The Chairman then delivered his speech.  The Company Secretary informed the Members that pursuant to the provisions of the Companies Act, 2013, the Rules framed thereunder and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company had extended remote e-voting commenced at 9.00 a.m. on Saturday, 26th September, 2026 and ended at 5.00 p.m. on Tuesday, 29th September, 2026 and provided statutory and general instructions to the members regarding the participation in the 19th Annual General Meeting.  Thereafter, the shareholders were invited to share views with the management and ask their questions. The shareholders asked questions pertaining to the roadmap of the Company in the coming years, other aspects related to business and operations of the Company. The questions were duly answered by Mr. Vinay Uchil (Chairman & Executive Director) and Mr. Venkatesh Uchil (Managing Director).  The following items of business as set out in the Notice convening the AGM were put for shareholder’s approval: Ordinary Business: 1. To receive, consider and adopt the Audited Financial Statements of the Company (Standalone and Consolidated) for the financial year ended 31st March, 2026 together with the reports of the Board of Directors and the Auditors Thereon. (Ordinary Resolution) 2. To Declare Final Dividend of Rs. 0.30/- on equity shares of the Company for the Financial Year ended 31ˢᵗ March, 2026. (Ordinary Resolution) 3. To appoint a Director in place of Mr. Venkatesh Uchil (DIN:01282671), who retires by rotation and being eligible offers himself for re-appointment. (Ordinary Resolution) Special Business: 4. Appointment of Mr. Shanmugam Nagarajan as an independent director of the company. (Special Resolution). 5. To ratify the remuneration of the cost auditor for the Financial Year ending 31st March, 2027. (Ordinary Resolution). 6. Approval for change in object of utilization of funds amounting to Rs. 149.22 crore raised via preferential allotment of shares. (Special Resolution). 7. Approval for direct listing of equity shares of the company on the main board of BSE limited (Special Resolution). 3. Voting by Members  The Chairman informed the Members that Jigarkumar Gandhi, Practicing Company Secretary, Partner of M/s. JNG & Co LLP, Company Secretaries was appointed as scrutinizer to scrutinize the remote e-voting process and voting facility in a fair and transparent manner.  The Chairman informed the Members that the results of voting shall be disseminated to the Stock Exchanges and also uploaded on the website of the Company within the stipulated time and on the website of NSDL. 4. Manner of approval :  Pursuant to the provisions of the Companies Act, 2013 and Regulation 44 of the Listing Regulations, the Company had provided remote e-voting facility to its Members to cast votes electronically, on all the resolutions set out in the Notice.  Further, the facility to vote on resolutions through electronic voting system at the meeting was made available to the Members who participated in the meeting and had not cast their votes by remote e-voting. 5. Vote of Thanks: The chairman declared the Meeting as concluded and conveyed the vote of thanks on behalf of the Company and Management to all the shareholders, Board of Directors and other invites for their participation at the 19th Annual Gen [Showing first 8,000 characters — download PDF for full document]