MITCON Consultancy & Engineering Services Limited (MITCON) — Related Party Transaction | 5 May 2026

MITCON Consultancy & Engineering Services Limited announced a shareholders' meeting on May 7, 2026, with voting open until June 5, 2026, to approve key resolutions including the re-appointment of Anand Chalwade as Managing Director and two material related party transactions involving corporate guarantees up to Rs. 50 Crores each to MINVEN Solar entities. The filing details e-voting procedures via NSDL, investor service forms, and compliance requirements. Shareholders must submit PAN, KYC, and nomination details by May 1, 2026, to participate. The corporate guarantees, exceeding 10% of consolidated turnover, are justified as strategic moves to expand the solar portfolio and have received Board and Audit Committee approval. Dr. Prakash Vaidya and Mr. Sanjay Ballal Phadke are proposed for appointment as Independent and Non-Executive Directors respectively, with no conflicts of interest noted.