Manorama Industries Limited has successfully concluded its board meeting and approved a comprehensive fundraising plan for up to ₹500 crores. The board meeting, held on March 12, 2026, commenced at 02:30 p.m. (IST) and concluded at 03:42 p.m. (IST), resulting in formal approval of the fundraising proposal and related corporate actions.

Board Meeting Outcomes

The board meeting achieved its primary objectives of strengthening the company's financial position through the approved fundraising initiative and establishing the framework for shareholder approval.

Fundraising Structure and Implementation

The board approved fundraising through multiple financial instruments to provide flexibility in execution. The approved securities include equity shares, non-convertible debt instruments along with warrants, convertible securities, and other eligible securities or combinations thereof. The fundraising will be executed through qualified institutions placements or other permissible modes as allowed under the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Postal Ballot and Shareholder Approval Process

The board approved the postal ballot notice under Section 110 of the Companies Act, 2013, to seek shareholder consent for the ₹500 crore fundraising initiative. The cut-off date for sending the postal ballot notice has been set as March 13, 2026, with notices being sent via email to registered members.

Corporate Governance and Compliance

The announcement was signed by Deepak Sharma, Company Secretary & Compliance Officer (Membership No: A48707), ensuring adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company maintains its registered office in Mumbai, Maharashtra, and corporate office in Raipur, Chhattisgarh.

Manorama Industries Limited operates as a certified manufacturing company with multiple international certifications including ISO 9001, ISO 14001, ISO 45001, RSPO, Kosher, Halal, EcoVadis, and Sedex SMETA 4-Pillar certifications. The company holds recognition as a Government of India Star Export House and maintains MSME ZED GOLD certification.

Manorama Industries Limited has successfully completed its postal ballot process and declared voting results in compliance with SEBI regulations. The company announced the outcomes of two key resolutions through remote e-voting, both of which received shareholder approval with comprehensive documentation submitted to stock exchanges.

Postal Ballot Overview

The postal ballot process was conducted exclusively through remote e-voting, with the voting period spanning from January 31, 2026 (09:00 a.m. IST) to March 01, 2026 (05:00 p.m. IST). The e-voting facility was provided by MUFG Intime India Private Limited, serving as the company's Registrar & Transfer Agent.

Resolution Results

Both resolutions presented to shareholders were successfully passed with strong support across all shareholder categories.

Resolution 1: Independent Director Re-appointment

The special resolution for re-appointing Mr. Nipun Sumanlal Mehta (DIN: 00255831) as Independent Director for a second five-year term received overwhelming approval.

Resolution 2: Remuneration Increase Approval

The ordinary resolution to approve increased remuneration for Mr. Deep Saraf, Deputy Chief Executive Officer - Chief Coordinator, was also passed successfully.

Scrutinizer Validation and Official Documentation

The postal ballot process was overseen by Alifya Sapatwala, Partner at M/s. Mehita & Mehita, Company Secretaries, who served as the appointed scrutinizer. The scrutinizer's report, dated March 02, 2026, confirmed the validity of the voting process and results in accordance with the Companies Act, 2013 and SEBI regulations.

The company has submitted comprehensive documentation to both BSE Limited (Script Code: 541974) and National Stock Exchange of India Limited (NSE Symbol: MANORAMA) under Regulation 30 and 44 of SEBI LODR regulations. The submission includes detailed voting results and the complete scrutinizer's report as required under regulatory compliance.

Regulatory Compliance

Manorama Industries Limited has fulfilled its disclosure obligations under Regulation 30 and 44 of SEBI LODR regulations by announcing the voting results and providing the scrutinizer's report. The voting process was conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, and all related documentation has been made available on the company's website for shareholder reference and transparency.