Mangalam Drugs & Organics Ltd

Filing Status

• Not a Large Corporate under SEBI circular as of 31 March 2026.
• Outstanding borrowings as on 31 March 2026: Rs 749.76 lakhs.
• Highest credit rating during the previous FY: CRISIL-D.
• Annexure-A contains the initial disclosure.

Mangalam Drugs & Organics Ltd – Trading Window Closure Notice

Audit appointments

• 53rd AGM approved L.N. Joshi & Co as Secretarial Auditor for five years.
• SN Nanda & Co appointed Statutory Auditor for five years from 53rd to 58th AGM.
• V.S. Somani & Co retired as Statutory Auditor after term completion.

AGM Details

• AGM held on 23 September 2026 via VC/OAVM; venue deemed at registered office.

Key Resolutions

• Ordinary: Adopt standalone and consolidated financial statements for year ended 31 March 2026.
• Ordinary: Re-appoint Govardhan Murlidhar Dhoot as Executive Director (retiring by rotation).
• Ordinary: Appoint and fix remuneration of Statutory and Cost Auditors for 2026-27.
• Ordinary: Approve material related party transactions.
• Special: Appoint L. N. Joshi & Co. as Secretarial Auditor from this AGM to 58th AGM.

Voting Results

• Item 1: Passed with ~99.99% in favour; minimal dissent.
• Item 2: Passed with ~99.97% in favour; minimal dissent.
• Item 3: Passed; remuneration of auditors approved.
• Item 5: Passed; material related party transactions approved.
• Item 6: Passed; Secretarial Auditor appointed for term.

Auditors & Directors

• Statutory and Cost Auditor remuneration approved for 2026-27.
• Secretarial Auditor: L. N. Joshi & Co. appointed from AGM to 58th AGM.

Material Related Party Transactions

• Material RPTs with related parties approved; details not disclosed in excerpt.

AGM Details

• Date: 23 September 2026; mode: physical with VC/OAVM facility at registered office.
• Venue: Registered Office; meeting deemed to be held there.
• Remote e-voting window: 19–22 September 2026; cut-off date: 16 September 2026.

Key Resolutions

• Adopt standalone and consolidated financial statements for year ended 31 March 2026.
• Re-appoint Govardhan M. Dhoot as Executive Director (rotates).
• Appoint S.N. Nanda & Co. as statutory auditors for five years; fix remuneration.
• Ratify remuneration payable to Rampurawala Mohammed A. Co. as Cost Auditors.
• Approve material related party transactions.
• Appoint L. N. Joshi & Co. as Secretarial Auditors from 53rd to 58th AGM.

Voting Results

• Item 1 passed with ~99.985% in favour.
• Item 2 passed with ~99.97% in favour.
• Item 3 passed with ~99.99% in favour.
• Item 4 passed with ~99.99% in favour.
• Item 5 passed with ~82.36% in favour; promoter-group abstentions noted.
• Item 6 passed with ~99.99% in favour.

Dividend

• No dividend proposed or declared.

Directors & Auditors

• Executive Director re-appointed; term not disclosed.
• Statutory Auditors appointed for five years; remuneration fixed.
• Cost Auditors remuneration ratified.
• Secretarial Auditors appointed from 53rd AGM to 58th AGM.

Related Party Transactions

• Material related party transactions approved with promoter group as counterparty; value undisclosed.

Other Approvals

• No other material business disclosed.

AGM Details

• Date and time: 23 September 2026, 3:00–4:00 PM IST.
• Mode: VC/OAVM; concluded at 4:00 PM IST.
• Cut-off date for members: 16 September 2026.
• Remote e-voting: 19–22 September 2026, 09:00–17:00 IST.
• Deemed venue: 3rd Floor, Rupam Building, Mumbai.
• Attendees: 49 members attended virtually.

Key Resolutions

• Adoption of standalone and consolidated financial statements for the year ended March 31, 2026.
• Re-appointment of Executive Director for five years with fixed remuneration.
• Appointment of S.N. Nanda & Co. as Statutory Auditors for five years with remuneration fixed.
• Ratification of remuneration payable to Cost Auditors for FY 2026-27.
• Appointment of L. N. Joshi & Co. as Secretarial Auditors through 58th AGM.
• Approval of material related party transactions.

Default on bank facilities

• Bank of Maharashtra cash credit account no 60383561246 overdue ₹951.19 Lakh as of 14/09/2026; default began 17/10/2025.
• Bank of Baroda cash credit account no 04170500000243 overdue ₹606.08 Lakh as of 14/09/2026; default began 20/10/2025.
• Management is arranging to pay the overdue amounts as soon as possible.

Independent Director Appointment

• Appointed Mr. Prabhakar Raghunath Zavar as Independent Non-Executive Director for five years.
• Term to commence from September 15, 2026.
• Subject to shareholders' approval at the upcoming Extraordinary General Meeting.
• Not related to any Directors of the Company.