Manali Petrochemicals Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
MANALIPETC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Manali Petrochemicals has submitted the Scrutinizer's Report for its Postal Ballot, which was conducted via remote e-voting between 5 April 2025 and 4 May 2025. All four resolutions were passed with overwhelming shareholder approval: (1) appointment of Mr. Hugo Patrice Michel Chardon as Director (99.62% in favour, Ordinary Resolution); (2) appointment of Mr. Niranjhan Madras Srinivasan as Independent Director (99.99% in favour); (3) re-designation of Mr. R Chandrasekar as Managing Director & CEO - MPL Group (99.99% in favour); and (4) re-designation of Mr. G R Sridhar as Wholetime Director (Head of Plant Operations) with revised remuneration (99.64% in favour). Total valid votes on each resolution were approximately 8.32 crore shares. The resolutions are deemed to have been passed on 4 May 2025, the last day of voting.
Strong shareholder mandate (>99.6% approval on all items) clears key board changes, including a new Director, a new Independent Director, and senior management re-designations with revised remuneration. This is a routine governance update with no material surprise, and is unlikely to move the stock on its own.