The Board noted the action taken by the Exchange and confirmed that the Company has complied with the applicable requirements
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Mangalam Seeds informed BSE that the Board has noted a non-compliance with SEBI LODR Regulation 18(1) for the quarter ended 30 September 2025, relating to a temporary vacancy in the Audit Committee caused by the completion of tenure of its Independent Directors. The company clarified that the Audit Committee was reconstituted effective 23 July 2025 and is now in full compliance with LODR regulations. The Board described the lapse as inadvertent and without any malafide intent, assuring the exchange that stronger monitoring mechanisms have been put in place to prevent recurrence. The board meeting ran from 1:00 PM to 1:30 PM on 20 December 2025.
This is a routine corporate governance update with no financial penalty or material penalty disclosed; minor governance lapse already rectified, so limited impact on shareholders, though it highlights past oversight in timely reconstitution of board committees.