Madhav Copper Limited Declares Postal Ballot Results for Name Change Resolution
Madhav Copper Limited has announced the results of its postal ballot conducted through remote e-voting, with shareholders approving a special resolution to change the company's name and alter its Memorandum and Articles of Association. The resolution received overwhelming support with 99.9956% votes in favour. The remote e-voting process was conducted from March 21, 2026, to April 19, 2026, with CS Ranjit Kumar Singh serving as the scrutinizer.
*this image is generated using AI for illustrative purposes only.
Madhav Copper Limited has declared the results of its postal ballot conducted through remote e-voting, wherein shareholders approved a special resolution to change the company's name and make consequent alterations to the Memorandum of Association and Articles of Association. The resolution was passed with the requisite majority and is deemed to have been approved on April 19, 2026, which marked the conclusion of the remote e-voting period.
The postal ballot process was initiated with a notice dated March 19, 2026, and the remote e-voting facility remained open from March 21, 2026, at 9:00 A.M. IST to April 19, 2026, at 5:00 P.M. IST. CS Ranjit Kumar Singh of M/s Ranjit & Associates, Practicing Company Secretaries, Vadodara, was appointed as the scrutinizer to oversee the voting process and submit the report on the results.
Voting Results Summary
The special resolution received overwhelming support from shareholders across all categories. A total of 104 members participated in the remote e-voting process, casting 17,916,108 votes. The resolution secured 17,915,323 votes in favour, representing 99.9956% of the total votes polled, while only 785 votes were cast against the resolution, accounting for 0.0044%.
| Category | Shares Held | Votes Polled | Votes in Favour | Votes Against | % in Favour |
|---|---|---|---|---|---|
| Promoter and Promoter Group | 17,699,200 | 17,695,000 | 17,695,000 | 0 | 100.0000 |
| Public - Non Institutions | 9,443,600 | 221,108 | 220,323 | 785 | 99.6450 |
| Total | 27,142,800 | 17,916,108 | 17,915,323 | 785 | 99.9956 |
Key Details
The record date for determining shareholder eligibility was March 13, 2026, with 41,231 shareholders registered on that date. Public institutions did not participate in the voting process. The company published public advertisements regarding the postal ballot in the Financial Express (English) and Sandesh (regional language) newspapers on March 21, 2026, to ensure wide dissemination of information.
The scrutinizer's report, dated April 20, 2026, confirmed that the resolution contained in Item No. 1 of the Postal Ballot Notice has been passed with the requisite majority. The voting results and the scrutinizer's report are available on the company's official website at www.madhavcopper.com . The company submitted the disclosure of voting results and the scrutinizer's report to the National Stock Exchange of India Limited on April 21, 2026, in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Madhav Copper
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.80% | -3.18% | -1.08% | +19.33% | +8.29% | -31.97% |
What will be the new company name that Madhav Copper Limited is changing to, and does it signal a strategic shift in business focus?
How might this name change impact the company's market positioning and brand recognition in the copper industry?
Will the name change be accompanied by any operational restructuring, mergers, or expansion into new business segments?
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