Summary of the proceedings of the 58th Annual General Meeting of the Company held today i.e. August 21, 2025 through VC / other audio visual means
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers Ltd held its 58th AGM on August 21, 2025 via video conferencing, chaired by Mr. Akshay Poddar. Six ordinary resolutions were transacted, including adoption of audited financial statements for FY 2024-25 and declaration of a dividend of Rs. 1.50 (15%) per equity share of Rs. 10 each. Mr. Akshay Poddar, who retires by rotation, offered himself for re-appointment. Other resolutions covered appointment of the Secretarial Auditor, payment of remuneration to non-executive directors, and ratification of the Cost Auditor's remuneration. The meeting concluded at 3:08 PM, with voting results to be shared with stock exchanges within 2 working days.
Shareholders can expect a dividend of Rs. 1.50 per share for FY 2024-25, with the record/book closure date likely announced separately. The re-appointment of the Chairman and routine auditor approvals suggest continuity in governance with no major structural changes for the stock.