Manaksia Coated Metals & Industries Limited has informed the Exchange regarding Notice of Postal Ballot
MANAKCOAT · price
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Manaksia Coated Metals & Industries Limited has issued a postal ballot notice seeking shareholder approval to appoint Mr. Pritam Pal (DIN: 11050522) as a Non-Executive Non-Independent Director of the company. Mr. Pal was initially appointed as an Additional Director on 14th May 2025, and the company is now seeking formal shareholder approval as required under SEBI's LODR Regulation 17(1C). Mr. Pal, aged 41, holds qualifications including M.Sc. in Microbiology, BAMS, and MD (Ayurved), and has over 17 years of experience in the medicine industry. He will be eligible for sitting fees and any commission paid to non-executive directors, and will be liable to retire by rotation. Shareholders can vote via remote e-voting through NSDL from 15th July 2025 (9:00 AM) to 13th August 2025 (5:00 PM), with the cut-off date for eligibility being 4th July 2025. Results will be declared within two working days after the e-voting concludes.
This is a routine corporate governance exercise to regularize the board appointment and is unlikely to have any material impact on the stock price. Shareholders should review Mr. Pal's profile and exercise their vote during the e-voting window if they wish to participate in the decision.