Madhav Copper Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
MCL · price
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Madhav Copper Limited has announced the results of a postal ballot conducted through remote e-voting. A special resolution to approve the change of name of the Company and consequent alteration in the Memorandum of Association and Articles of Association was passed with overwhelming majority. The e-voting remained open from March 21, 2026 to April 19, 2026. Out of 27.14 million total shares, 17.92 million votes (66%) were polled. Of these, 17.92 million votes (99.9956%) were in favour and only 785 votes (0.0044%) were against the resolution. Promoter and promoter group held 17.7 million shares and voted entirely in favour. The resolution was deemed passed on April 19, 2026.
The company will proceed with changing its name, which will affect its listing identity and brand representation on the stock exchange. Shareholders have overwhelmingly approved this change, indicating strong promoter support and minimal public opposition.