submission of the voting results of postal ballot and scrutinizers report
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers conducted a postal ballot to seek shareholder approval for the re-appointment of Mr. Marco Philippus Ardeshir Wadia (DIN: 00244357) as a Non-executive Independent Director for a second term of 5 years (May 13, 2025 to May 12, 2030). Voting was conducted via e-voting from July 4, 2025 to August 2, 2025. Out of 8.06 crore votes polled (68.01% of outstanding shares), 99.21% voted in favor (7.99 crore votes) and only 0.79% voted against (6.37 lakh votes). The resolution was passed as a Special Resolution with overwhelming majority on August 2, 2025, with results submitted to stock exchanges on August 4, 2025.
This is a routine corporate governance filing confirming the continuation of an independent director. The near-unanimous approval (99.21% in favor) reflects strong shareholder confidence and no material impact on the stock is expected.