Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements), 2015, please find enclosed the Notice of the 58th Annual General Meeting scheduled to be held ....
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers Ltd has filed the Notice of its 58th Annual General Meeting (AGM) and the Annual Report for FY 2024-25 with the stock exchanges, in compliance with SEBI LODR Regulation 34(1). The AGM will be held on August 21, 2025 at 2:30 PM via Video Conferencing / OAVM, with the record date set as August 14, 2025 and e-voting window from August 18 to August 20, 2025. Key agenda items include adoption of audited FY 2024-25 financial statements, declaration of dividend for FY 2024-25, and re-appointment of Chairman Akshay Poddar who retires by rotation. Shareholders will also be asked to approve the appointment of M/s. Kedarnath & Karthik as Secretarial Auditor for a 5-year term from April 1, 2025, payment of 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 the Cost Auditor's remuneration of INR 2,00,000 for FY 2025-26.
Routine AGM-related filing; no immediate material impact on stock price. Dividend amount (if any) for FY 2024-25 will be determined at the AGM, and shareholders should ensure KYC details and demat holdings are updated to receive dividend payments electronically.