Promoters of Mangalam Drugs and Organics Limited have confirmed that they did not create any encumbrance on their shares during the financial year 2025-26. This declaration, made on behalf of the promoters and members of the promoter group, ensures that no direct or indirect charges were placed on their holdings other than those already disclosed to the exchanges.

The disclosure was submitted by Shri. Govardhan M. Dhoot, a promoter of the company, to the BSE Ltd and the National Stock Exchange of India. The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates such annual declarations to maintain transparency regarding shareholding patterns.

Key Details of the Filing

The declaration covers the promoters, members of the promoter group, and persons acting in concert with them. By confirming the absence of new encumbrances, the company provides assurance to shareholders regarding the stability of the promoter's shareholding structure for the specified period.

Mangalam Drugs & Organics Limited has issued a notice seeking shareholder approval through a postal ballot for the re-appointment of Shri Praveen Saxena as an Independent Director. The resolution proposes a second term of five consecutive years commencing from March 21, 2026, to March 20, 2031. The notice has been dispatched pursuant to the provisions of the Companies Act, 2013, and SEBI Listing Regulations.

Postal Ballot and E-Voting Timeline

The company has established the following schedule for the remote e-voting process:

Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date are entitled to cast their votes. The company has engaged National Securities Depository Limited (NSDL) to provide the remote e-voting facility.

Scrutinizer Appointment

The Board of Directors has appointed Shri Brij Mohan Maheshwari, Advocate Proprietor of M/s. B.M.M & Associates, Indore, as the Scrutinizer. He will oversee the postal ballot and e-voting process to ensure it is conducted in a fair and transparent manner. The results of the postal ballot will be submitted to the stock exchanges within 48 hours from the conclusion of the e-voting period.

Director Profile

Shri Praveen Saxena (DIN: 03199264) is an international expert with extensive experience in energy policy and renewable energy programs. He holds a Ph.D. in Physics and was conferred with the International Business Leadership Innovation Excellence Award in 2017. His first term as Independent Director expired on March 20, 2026. The Nomination and Remuneration Committee and the Board of Directors have recommended his re-appointment based on his performance and expertise.