Mangalam Cement Limited has informed the Exchange regarding Notice of Postal Ballot
MANGLMCEM · price
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Awaiting price reaction for this filing.
Mangalam Cement has issued a Postal Ballot Notice seeking shareholder approval for the appointment of Mr. Ajit Cherian Kuruvilla (DIN: 11087659) as a Non-Executive Independent Director. He was initially appointed as an Additional Director on 3rd May 2025, and the postal ballot seeks to confirm his term of 5 consecutive years, from 3rd May 2025 to 2nd May 2030, via a Special Resolution. Mr. Kuruvilla is a Chartered Accountant with about 29 years of experience, including 27 years in banking, and was the Eastern India Head of HDFC Bank for 22 years. The e-voting window runs from 20th June 2025 to 19th July 2025, with results to be announced by 22nd July 2025. He holds no other directorships and has no shareholding in the company.
This is a routine governance action to formalise an existing board appointment through shareholder approval. It is unlikely to have a material impact on stock price, though it strengthens the board with an experienced banking and finance professional.