Mangalam Cement Limited has informed the Exchange regarding Notice of Postal Ballot
MANGLMCEM · price
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Mangalam Cement has issued a Postal Ballot notice to seek shareholder approval for the appointment of Mr. Ajit Cherian Kuruvilla (DIN: 11087659) as a Non-Executive Independent Director for a 5-year term from 3rd May 2025 to 2nd May 2030. Mr. Kuruvilla is a Chartered Accountant with around 29 years of experience, including about 27 years in banking, and was previously the Eastern India Head of HDFC Bank for 22 years. He was initially appointed as an Additional Director by the Board on 3rd May 2025, subject to shareholder approval under Section 149 and SEBI Listing Regulations. The e-voting window runs from 20th June 2025 to 19th July 2025, with results to be announced on or before 22nd July 2025. NSDL has been engaged to facilitate the electronic voting process, and CS Akshit Kumar Jangid has been appointed as the Scrutinizer.
Routine governance update with no immediate effect on operations or financials. Shareholders get to vote on adding a senior banking and finance professional to the board, which may strengthen governance and financial oversight. The resolution is a Special Resolution, so it requires a higher threshold of approval to pass.