Mangalore Chemicals & Fertilizers Limited has informed the Exchange regarding Notice of Postal Ballot
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers has issued a postal ballot notice seeking shareholder approval for the re-appointment of Mr. Marco Philippus Ardeshir Wadia as a Non-executive Independent Director for a second term of 5 years, from May 13, 2025 to May 12, 2030. Mr. Wadia, aged 69, is a lawyer with over 30 years of experience, formerly a partner at Crawford Bayley & Co., and currently serves on boards of Stovec Industries and Texmaco Rail & Engineering. He attended 5 board meetings in FY24-25 and received sitting fees plus commission totalling Rs. 9.80 lakhs. E-voting opens on July 4, 2025 and closes on August 2, 2025, with results to be announced by August 4, 2025. The cut-off date for eligibility is June 27, 2025.
This is a routine governance matter with no material impact on the stock price. Shareholders of record as of June 27, 2025 should cast their votes via e-voting before August 2, 2025. Re-appointment of an existing independent director is generally treated as a procedural item.