Submission of the voting results of Postal Ballot and scrutinizers report
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers has received shareholder approval via postal ballot to re-appoint Mr. Marco Philippus Ardeshir Wadia (DIN: 00244357) as a Non-executive Independent Director for a second 5-year term, from May 13, 2025 to May 12, 2030. The special resolution was passed with overwhelming support — 99.21% of votes (7.99 crore shares) were in favor and only 0.79% (6.37 lakh shares) against. Promoters voted 100% in favor, while public institutions backed it 93.68% and public non-institutions 90.43%. Out of 60,922 shareholders on the record date, 295 voted through e-voting during the July 4 to August 2, 2025 window.
This is a routine governance update — an existing independent director's re-appointment has been confirmed with very strong shareholder backing, indicating smooth board continuity. No material impact on stock price is expected from this filing.