Mangalore Chemicals & Fertilizers Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 21, 2025
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers Limited held its 58th Annual General Meeting on August 21, 2025, at 2:30 PM via video conferencing. The meeting was chaired by Mr. Akshay Poddar and attended by all key directors, the CFO, auditors, and the company secretary. Six resolutions were transacted, including adoption of audited financial statements for FY2024-25, declaration of a dividend of Rs. 1.50 (15%) per equity share of Rs. 10 each, re-appointment of Mr. Akshay Poddar as director (retiring by rotation), appointment of the Secretarial Auditor, approval of remuneration for non-executive directors, and ratification of the Cost Auditor's remuneration. Members were given remote e-voting and e-voting at the AGM facilities, and the meeting concluded at 3:08 PM. The consolidated voting results will be submitted to stock exchanges within two working days.
The declaration of a Rs. 1.50 per share dividend confirms a payout to shareholders from FY2024-25 earnings. The re-appointment of the Chairman and routine auditor appointments indicate continuity in governance. Voting results, due within two days, could be the next catalyst for any price movement.