Mangalam Drugs And Organics Limited has informed the Exchange regarding Notice of Postal Ballot
MANGALAM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The company has issued a postal ballot notice seeking shareholder approval for the re-appointment of Shri. Praveen Saxena (DIN: 03199264) as an Independent Director for a second consecutive term of 5 years from March 21, 2026 to March 20, 2031. His current 5-year term expires on March 20, 2026. Shri. Saxena is 70 years old, holds a Ph.D. in Physics from Delhi University, and is an expert in renewable energy policy. He attended all 8 Board meetings during FY 2025-26. No remuneration is payable to him, and he holds no shares in the company. The resolution requires a Special Resolution (75% shareholder approval). Voting opens May 19, 2026 and closes June 17, 2026, with results by June 19, 2026.
This is a standard corporate governance matter. The re-appointment maintains board stability with an experienced director and is unlikely to have any material impact on the stock price. Shareholders should assess the director's performance over the past 5 years before voting.