CMI Limited Concludes 58th AGM on Dec 26, 2025; Financials for FY23 Adopted
CMI Limited conducted its 58th AGM on December 26, 2025. The Audited Financial Statements for the fiscal year ending March 31, 2023, were adopted. The appointment of statutory auditors was ratified. The company is undergoing Corporate Insolvency Resolution Process (CIRP) as per NCLT order.
The company is undergoing a Corporate Insolvency Resolution Process (CIRP) as per the NCLT order, which has a significant impact on its operations, financial health, and future prospects. The AGM's focus on adopting past financials and ratifying auditors, amidst this process, indicates a complex situation.
The announcement details the proceedings of the AGM and the adoption of financial statements. However, it also highlights the company's ongoing Corporate Insolvency Resolution Process (CIRP), which introduces significant uncertainty.
CMI Limited held its 58th Annual General Meeting (AGM) on December 26, 2025, conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting, which commenced at 01:03 p.m. and concluded at 01:15 p.m. on the same day, addressed crucial business matters.
During the AGM, it was noted that Hon’ble NCLT has admitted an application filed by Canara Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016, and approved the appointment of an Interim Resolution Professional (IRP)/RP to conduct the Corporate Insolvency Resolution Process (CIRP) of the Company. Mr. Deepak Maini is serving as the Resolution Professional for CMI Limited, overseeing the CIRP following the NCLT's order dated July 28, 2023.
The meeting confirmed the presence of Mr. Amit Jain, Chairman and Managing Director, and the representative of the Scrutinizer. The Notice of the AGM was taken as read. Members were informed about the e-voting facility, which was available from December 23, 2025, to December 25, 2025, for all resolutions outlined in the Notice dated November 27, 2025. Members who had not cast their votes electronically had the opportunity to do so during the AGM through the e-voting system provided by CDSL.
The Chairman summarized the businesses to be passed as Ordinary Resolutions. The outcome of the meeting was determined by the cumulative votes cast electronically through remote e-voting and e-voting during the AGM. The consolidated voting results and the Scrutinizer's Report will be published on the company's website (www.cmilimited.in) and communicated to the stock exchanges. The results were announced on or before December 27, 2025.
Key resolutions passed included the adoption of the Audited Financial Statements for the financial year ended March 31, 2023, along with the Reports of the Auditor’s and Board of Directors’. The appointment of the statutory auditors was also ratified as an Ordinary Resolution. The Scrutinizer's Report, dated December 26, 2025, from M/s ATG & Co., confirmed the results of the voting.
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CMI Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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