Mamata Machinery Limited has informed the Exchange regarding Notice of Postal Ballot
MAMATA · price
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Mamata Machinery Limited has issued a Postal Ballot notice seeking shareholder approval for a single special resolution. The resolution is to continue Mr. Subba Padubidri Bangera (DIN: 00017813) as a Non-Executive Independent Director beyond the age of 75 years, until the expiry of his current term on April 11, 2029. He turns 75 on April 08, 2026, and SEBI regulations require shareholder approval for independent directors continuing past this age. Remote e-voting through NSDL runs from March 06, 2026 (9:00 AM) to April 04, 2026 (5:00 PM), with the cut-off date for eligibility being February 27, 2026. Results will be announced by April 07, 2026. Mr. Bangera is a veteran of the Indian plastics industry with over 50 years of experience, formerly led SIDEL India, and holds NIL equity shares in the company.
This is a routine corporate governance compliance matter and is unlikely to have any material impact on the stock price or shareholder value. The outcome is expected to be a procedural formality, as continuation of experienced independent directors is generally supported by shareholders.