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 , a prominent player in the carbon industry, has issued a postal ballot notice seeking shareholder approval for three significant resolutions. The company aims to strengthen its governance structure and enhance its financial flexibility through these proposals.

Key Resolutions

1. Re-appointment of Independent Director

   • Proposal to re-appoint Mr. Subodh Nadkarni as an Independent Director
   • Second term of five years from January 7, 2026, to January 6, 2031

2. Increase in Borrowing Powers

   • Proposal to raise borrowing limit from Rs. 500.00 crores to Rs. 750.00 crores
   • Supersedes previous resolution from July 2018

3. Authorization for Asset Charge Creation

   • Seeks approval to create charges on company assets
   • To secure borrowings up to Rs. 750.00 crores

Voting Process and Timeline

• Remote e-voting period:
  • Commences: November 15, 2025, at 9:00 AM
  • Ends: December 15, 2025, at 5:00 PM
• Results declaration: By December 17, 2025

Director Profile: Mr. Subodh Nadkarni

Mr. Nadkarni brings a wealth of experience to Goa Carbon Limited:

• Over 40 years of industrial experience
• Expertise in finance, commerce, and international operations
• Previously associated with Godrej Group as Financial Controller
• Held senior management positions across Asia, Middle East, and Europe with Sulzer Group, Switzerland
• Currently serves as Chairman of the Board of Directors at Grindwell Norton Ltd.

Borrowing Limit Increase Rationale

The company states that the enhanced borrowing limit is necessary to support its existing and future financial requirements for business operations. This increase from Rs. 500.00 crores to Rs. 750.00 crores aims to provide Goa Carbon with greater financial flexibility.

Shareholder Action Required

Shareholders are encouraged to participate in the remote e-voting process to cast their votes on these important resolutions. The company has engaged MUFG Intime India Private Limited to facilitate the e-voting process.

Goa Carbon Limited's move to seek these approvals indicates its focus on strengthening governance and preparing for potential future growth opportunities. Shareholders will play a crucial role in determining the company's strategic direction through their votes on these resolutions.