Mangalore Chemicals & Fertilizers Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers Limited has submitted the results of a postal ballot held to re-appoint Mr. Marco Philippus Ardeshir Wadia (DIN: 00244357) as a Non-executive Independent Director for a second term of 5 years, from May 13, 2025 to May 12, 2030. The resolution was passed as a Special Resolution with overwhelming shareholder approval, receiving 7,99,66,470 votes (99.21%) in favor and only 6,37,360 votes (0.79%) against. A total of 295 shareholders participated in the e-voting out of 60,922 shareholders on the record date, with 68.01% of outstanding shares being polled. The scrutinizer, Sudhir Vishnupant Hulyalkar, certified the postal ballot process as fair and transparent. Promoters and promoter group were not interested in the agenda, and the voting took place between July 4, 2025 and August 2, 2025.
This is a routine governance filing with no material impact on shareholders or stock price. The strong 99.21% approval reflects broad shareholder support for the re-appointment, and board continuity is maintained for the next five years.