Goa Carbon Limited , a prominent player in the carbon industry, has announced a temporary shutdown of its Goa Unit for maintenance purposes. The company communicated this operational decision to the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) through an official statement.

Key Details of the Shutdown

Official Communication

The company's decision was formally conveyed to the stock exchanges through a communication signed by Pravin Satardekar, the Company Secretary of Goa Carbon Limited. This adherence to proper disclosure protocols underscores the company's commitment to transparency in its operations and compliance with regulatory requirements.

Implications and Outlook

While the temporary shutdown is a planned maintenance activity, it may have short-term implications on the company's production capacity. However, such maintenance work is crucial for ensuring the long-term efficiency and safety of manufacturing facilities.

Investors and stakeholders will likely be keen to monitor any updates from the company regarding the duration of the shutdown and its potential impact on production schedules or financial performance for the relevant period.

As of now, Goa Carbon Limited has not provided additional details about the expected timeline for resuming operations at the Goa Unit. Market participants may want to stay tuned for further announcements from the company regarding the completion of maintenance work and the subsequent restart of operations at this facility.

Goa Carbon Limited shareholders have successfully approved all three special resolutions through the postal ballot process conducted via remote e-voting. The voting concluded on December 15, 2025, with overwhelming support from shareholders across all proposed resolutions.

Postal Ballot Results Overview

The company announced the results on December 16, 2025, following the scrutinizer's report. All three special resolutions received strong shareholder approval with over 99% votes in favor.

Approved Resolutions

Independent Director Re-appointment

Shareholders approved the re-appointment of Mr. Subodh Nadkarni as an Independent Director for a second term of five consecutive years, effective from January 7, 2026, to January 6, 2031. The company has officially informed stock exchanges about this re-appointment pursuant to Regulation 30 of the SEBI Listing Regulations. Mr. Nadkarni brings over 40 years of industrial experience in finance, commerce, and international operations, having previously worked with Godrej Group and Sulzer Group, Switzerland.

Enhanced Borrowing Powers

The proposal to increase borrowing powers from ₹500.00 crores to ₹750.00 crores under Section 180(1)(c) of the Companies Act, 2013, received approval. This enhancement supersedes the previous resolution from July 2018 and provides the company with greater financial flexibility for existing and future business operations.

Asset Charge Creation Authority

Shareholders authorized the Board under Section 180(1)(a) of the Companies Act, 2013, to create or modify charges on the company's movable and immovable assets, including undertakings, both present and future, to secure borrowings up to ₹750.00 crores.

Voting Process Details

The remote e-voting process was conducted by MUFG Intime India Private Limited, with voting open from November 15, 2025, at 9:00 AM to December 15, 2025, at 5:00 PM. A total of 32,211 shareholders were eligible to vote as of the cut-off date of November 7, 2025. The scrutinizer Shivaram Bhat (ACS 10454) oversaw the entire process and submitted the official report.

The strong approval across all resolutions demonstrates shareholder confidence in Goa Carbon Limited's strategic direction and governance structure. These approvals position the company for enhanced operational flexibility and continued growth in the carbon industry.