Mangalore Chemicals & Fertilizers Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 21, 2025. Further, the company has informed the Exchange regarding voting results.
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers held its 58th Annual General Meeting on August 21, 2025, and all 6 resolutions were approved by shareholders. The key resolutions included adoption of audited financial statements for FY ended March 31, 2025, declaration of a dividend of Rs. 1.50 per equity share (15% on face value of Rs. 10) for FY 2024-25, and re-appointment of Mr. Akshay Poddar who retires by rotation. Other resolutions covered the appointment of a Secretarial Auditor, payment of remuneration to non-executive directors, and ratification of Cost Auditor remuneration. About 67.6% of total shares (roughly 8.02 crore out of 11.85 crore shares) participated in the voting, with promoters holding 7.19 crore shares voting entirely in favour. Every resolution passed with over 99% approval, with virtually no dissenting votes.
Routine AGM filing — all resolutions passed with overwhelming support, including confirmation of the Rs. 1.50 per share dividend for FY25. No negative signals; shareholders can expect the dividend to be paid as approved. No likely impact on stock price from this disclosure.