Mangalam Drugs & Organics532637Postal ballot result

Members approve appointment of Mr. Prabhakar Raghunath Zavar as Independent Director by postal ballot

Postal ballot results declared.

By ScoutQuest · Mon 2 Nov 2026, 4:11 PM IST · 2 min read

36.1%Votes polled as % of outstanding shares

Votes polled as % of outstanding shares: 36.1039%.

Votes in favour: 99.9476% of valid votes in favour, 0.0524% against
Total votes polled: 5714609, equal to 36.1039% of outstanding shares
Members voting via remote e-voting: 95 members

Members of Mangalam Drugs and Organics Ltd have approved the appointment of Mr. Prabhakar Raghunath Zavar (DIN 11940187) as an Independent Director of the company for a term of five consecutive years; he has attained 78 years of age. The approval was sought through a postal ballot, a voting process where members cast their votes by electronic means instead of a physical meeting, and the result was declared after the scrutinizer's report. The exchange intimation describes the appointment as with effect from September 15, 2026, for a term of 5 years.

What members voted on

Item: approval for the appointment of Mr. Prabhakar Raghunath Zavar (DIN 11940187) as an Independent Director for a term of five consecutive years, attaining 78 years of age
Resolution required: Special Resolution
The company declared that the resolution was duly passed by the members with requisite majority

Voting window and process

Voting opened on Friday, October 2nd, 2026 at 9:00 A.M. and closed on Saturday, October 31st, 2026 at 5:00 P.M.
Entitlement to vote was decided on the cut-off date of Friday, September 25th, 2026
Remote e-voting was provided through National Securities Depository Limited (NSDL)
The scrutinizer, Mr. Brijmohan Maheshwari, tabulated the votes on 31st October, 2026

Final result

Total valid votes: 5714609
Votes in favour: 5711612, or 99.9476% of total valid votes
Votes against: 2997, or 0.0524% of total valid votes
Members who voted through remote e-voting: 95
Invalid votes: 0 members, 0 votes

Who voted, and how much

Promoter and Promoter Group: 5643030 shares held, 5643030 votes polled (100%), all 5643030 in favour
Public - Institutional shareholders: 17811 shares held, 17505 votes polled (98.282%), all 17505 in favour
Public - Non-Institution shareholders: 10167407 shares held, 54074 votes polled (0.5318%), of which 51077 in favour and 2997 against
Total: 15828248 shares held, 5714609 votes polled, which is 36.1039% of outstanding shares
Total number of members as on date: 24,437

How to read the numbers

The resolution needed a Special Resolution, a higher threshold than an ordinary resolution, and it received 99.9476% of the valid votes cast in favour with 2997 votes against. Of the 5714609 votes polled, 5643030 came from the Promoter and Promoter Group, so promoter votes formed the bulk of the votes cast, while participation from non-institution public shareholders was 54074 votes, or 0.5318% of the 10167407 shares they held. The voting outcome is therefore best read alongside who actually participated, not only the headline percentage.

What changes for the company

A new Independent Director joins the board for a five-year term following member approval
The appointment was a board-level appointment that required shareholder approval, which has now been received
The result, along with the scrutinizer's report, is to be placed on the company's website and that of the service provider and intimated to the stock exchanges

For a retail investor, this is a governance and board-composition update. The voting figures allow you to see the level of shareholder participation and the margin by which the appointment was carried.

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