GENERAL MEETINGS: Outcome of Meeting
| MAGNI-TECH INDUSTRIES BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 08 Oct 2025 |
| Time | 10:30 AM |
| Venue(s) |
Berjaya 1 7th Floor, Berjaya Penang Hotel 1-Stop Midlands Park Centre Jalan Burmah,10350 Penang Malaysia |
| Outcome of Meeting | The Board of Directors of Magni-Tech Industries Berhad ("the Company") is pleased to announce that all the resolutions put to the 28th Annual General Meeting ("AGM") of the Company held today, 08 October 2025 were carried.
All the resolutions were voted upon by poll and the results of the poll were validated by Messrs. Propoll Solutions Sdn. Bhd., the independent scrutineer appointed by the Company.
The results of the poll are set out below.
This announcement is dated 08 October 2025. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To re-elect Tan Sri Dato' Seri Tan Kok Ping, a Director who retires by rotation in accordance with Article 126 of the Company's Constitution and who, being eligible, offers himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 71 | 11 |
| No. of Shares | 282,241,197 | 453,591 |
| % of Voted Shares | 99.8395 | 0.1605 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To re-elect Mr. Tan Poh Heng, a Director who retires by rotation in accordance with Article 126 of the Company's Constitution and who, being eligible, offers himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 60 | 20 |
| No. of Shares | 269,070,436 | 13,591,356 |
| % of Voted Shares | 95.1917 | 4.8083 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To approve the payment of Directors' Fees of not exceeding RM145,000.00 to the Non-Executive Directors of the Company for the financial year ended 30 April 2025. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 79 | 0 |
| No. of Shares | 282,693,988 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-appoint Messrs. Grant Thornton Malaysia PLT as Auditors of the Company to hold office until the conclusion of the next AGM of the Company and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 73 | 7 |
| No. of Shares | 282,442,830 | 266,791 |
| % of Voted Shares | 99.9056 | 0.0944 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
Authority for Directors to allot and issue new shares pursuant to Sections 75 and 76 of the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 73 | 8 |
| No. of Shares | 269,954,651 | 12,738,637 |
| % of Voted Shares | 95.4938 | 4.5062 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
Proposed renewal of share buy-back authority of up to 10% of the total number of issued shares of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 78 | 3 |
| No. of Shares | 282,685,468 | 704 |
| % of Voted Shares | 99.9998 | 0.0002 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
Proposed continuation of Mr. Tan Poh Heng in office as Independent Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 2 | 0 |
| No. of Shares | 212,738,000 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
8. Ordinary Resolution 7 - Tier 2 |
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| Description |
Proposed continuation of Mr. Tan Poh Heng in office as Independent Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 59 | 19 |
| No. of Shares | 56,381,032 | 13,574,056 |
| % of Voted Shares | 80.5960 | 19.4040 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | MAGNI-TECH INDUSTRIES BERHAD |
| Stock Name | MAGNI |
| Date Announced | 08 Oct 2025 |
| Category | General Meeting |
| Reference Number | GMA-03102025-00002 |
| Corporate Action ID | MY251003MEET0002 |