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.

Goa Carbon Limited , a prominent player in the carbon industry, has announced the appointment of Dr. Kshama Fernandes as an Independent Director to its board. The decision, which marks a significant addition to the company's leadership, was approved by shareholders at the 57th Annual General Meeting (AGM) held on September 9, 2025.

Key Highlights of the Appointment

• Term of Appointment: Dr. Fernandes has been appointed for a five-year term, effective from July 7, 2025, to July 6, 2030.
• Shareholder Approval: The appointment received the backing of shareholders at the company's AGM, underscoring the confidence in Dr. Fernandes' expertise.
• Director Identification Number (DIN): Dr. Fernandes holds the DIN 02539429.

AGM Details and Voting Results

The 57th AGM of Goa Carbon Limited was conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM), in line with current corporate governance practices. The meeting, which began at 3:00 PM IST, concluded at 4:15 PM IST.

Regarding the resolution for Dr. Fernandes' appointment:

• Resolution Type: Special Resolution
• Voting Outcome: The resolution passed with an overwhelming majority
  • Votes in favor: 5,467,095 (99.99% of total valid votes)
  • Votes against: 33 (0.00% of total valid votes)

Company's Perspective

Mr. Shrinivas Dempo, Chairman of Goa Carbon Limited, addressed the shareholders during the AGM. He touched upon various aspects of the company's performance, including:

• Global and Indian business environment
• Goa Carbon's performance update for FY 2025
• Regulatory compliance and sustainability initiatives
• CSR activities across the company's operational locations
• Strategic plans to navigate current business challenges

Other AGM Resolutions

In addition to Dr. Fernandes' appointment, the AGM also approved several other resolutions:

1. Adoption of financial statements for the year ended March 31, 2025
2. Re-appointment of Mr. Rajesh Dempo as a Director
3. Ratification of remuneration for M/s. Joshi Apte and Associates, Cost Accountants
4. Appointment of CS Shivaram Bhat as Secretarial Auditors for a five-year term

About Goa Carbon Limited

Goa Carbon Limited, with its corporate identity number L23109GA1967PLC000076, is a well-established company in the carbon industry. The company's registered office is located at Dempo House, Campal, Panjim, Goa. With manufacturing plants in Goa, Paradeep, and Bilaspur, Goa Carbon has a significant presence in the sector.

The appointment of Dr. Kshama Fernandes as an Independent Director is expected to bring fresh perspectives and valuable insights to Goa Carbon's board, potentially contributing to the company's future growth and strategic direction.