Please find enclosed notice of 58th AGM of the Company
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers Ltd has issued the notice for its 58th Annual General Meeting (AGM) scheduled on August 21, 2025 at 2:30 PM, to be held via video conferencing. The AGM will consider adoption of audited financial statements for FY ended March 31, 2025, and declaration of dividend on equity shares for FY 2024-25. The record date for dividend eligibility is August 14, 2025, and the register of members will be closed from August 15-21, 2025. Other agenda items include the re-appointment of Director Akshay Poddar (retiring by rotation), appointment of M/s. Kedarnath & Karthik as Secretarial Auditor for a 5-year term from April 1, 2025, approval for paying remuneration to Non-Executive Directors up to 1% of net profits (capped at INR 5,00,000 per Director per year) for three years from FY 2025-26, and ratification of INR 2,00,000 remuneration for Cost Auditor Mr. Y K Venkatesh for FY 2025-26. Remote e-voting will be open from August 18-20, 2025 via CDSL platform.
Shareholders should note August 14, 2025 as the record date to be eligible for any dividend declared at the AGM. The proposal to pay up to 1% of net profits as remuneration to Non-Executive Directors (in addition to sitting fees) is a new expense item subject to shareholder approval. Dividend declaration is pending the AGM, so the actual dividend amount per share is not yet confirmed in this notice.