Postal Ballot Result
Dear Sir/ Madam, Pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Regulations') read with SEBI Circular No. CIR/CFD/CMD/8/2015 dated November 04, 2015 and other relevant provisions, if any, of the Regulations, please find enclosed herewith details of voting results declared today in Annexure I along with Scrutinizer's Report through postal ballot in respect of the below resolutions....
Mangalam Organics goes all green, as a high DVM stock
Mangalam Organics (MODL) is trending up over the past week, and has gained across the board to become green across Trendlyne's three scores - Durability, Valuation and Momentum. The threshold to watch out for going forward is if Mangalam crosses 75 in its Momentum Score in the coming weeks. That would indicate that the stock is gaining strong upward momentum (It is currently over 70). Mangalam Organics is in the portfolio of multiple large investors, including that of investor Subramanian P. The stock delivered over 185% returns in the last year. The board of directors of the company approved on Feb 2 a buyback of up to 6.1 lakh equity shares of face value of Rs10 each. The buy-back would be carried out at a price of Rs 230 per share (approximating to a 11% premium over current market price). Ever since the company restructured itself in FY12-13, Mangalam Organics has become one of the largest API suppliers for Anti-Malaria drug manufacturing companies in the regulatory market. It has diversified its product range over the last few years from intermediates and specialty chemicals to APIs such as Anti Malarial, Anti Retroviral, Uricosuric Agent, Analgesic and Anti Hypertensive. Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
WE HAVE ATTACHED HEREWITH LETTER,POSTAL BALLOT NOTICE AND FORM AND ADVERTISEMENTS. WE HAVE ALSO COMPLETED THE DESPATCH OF POSTAL BALLOT FORM AND POSTAL BALLOT NOTICE TO SHAREHOLDERS ON 10 FEB 2018. FURTHER ALSO PUBLISH AN ADVERTISEMENTS IN ENGLISH ( FREEPRESS JOURNAL) AND IN MARATHI ( NAVSHAKTI) ON 12.02.2018. KINDLY TAKE THE SAME ON RECORD. Updates
THIS IS TO INFORM THAT MANGALAM ORGANICS LIMITED [MOL] HAS SIGNED TODAY ALLIANCE AGREEMENT WITH M/S.LES DERIVES RESINIQUES ET TERPENIQUES, BP 206-40105 DAX CEDEX - FRANCE [DRT] TO MANUFACTURE AND SUPPLY TERPENE PHENOLIC RESIN. UNDER THE ARRANGEMENT MANGALAM ORGANICS LIMITED WILL SELL THE PRODUCT EXCLUSIVELY TO DRT FOR DISTRIBUTION. DRT WILL PURCHASE THE... Buy back
The Board, subject to the adoption of new set of Articles of Association of the company by the shareholders of the company, which empowers the company to Buyback shares of the company, has recommended a proposal to Buyback of up to 6,10,000 (Six Lakh Ten Thousand only) Equity Shares of face value of Rs. 10/- each of the Company for an aggregate amount not exceeding Rs. 14,03,00,000 (Rupees Fourteen Crores Three Lakh only) (hereinafter referred to... Amendments to Memorandum & Articles of Association
In accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held on February 02, 2018 has, inter-alia, unanimously approved the following: The Board has decided to adopt the new set of Articles of Association of the Company as prescribed in Table F of the Companies Act,... Outcome Of Board Meeting Held On 02.02.2018
This is further our letter dated 19th January, 2018 intimating the date of the Board meeting for consideration of the Audited financial result for the nine month ended 31st December, 2017. Pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we would like to inform you that the Board of Directors in their Board Meeting held on today have :... Notice Of Board Meeting
we wish to further inform that pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a meeting of the Board of Directors of the Company will be held on Friday 2nd February, 2018 at 4.30 p.m. at the administrative office of the Company at 812, Tulsiani Chambers, Nariman Point, Mumbai - 400 021, to consider the following business;... Closure of Trading Window
This is to inform that in accordance with Code of Conduct for Prevention of Insider Trading framed by the company and pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the company will be closed from 20th January, 2018 till 4th February, 2018 (both days inclusive) for the Directors, Officers and all the designated Employees of the company. Notice Of Board Meeting
We wish to inform that pursuant to Regulation 29(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a meeting of Board of Directors of the company is scheduled to be held on Friday, February 02, 2018 at 3:00 PM at the administrative office of the company at 812, Tulsiani Chambers, Nariman Point, Mumbai - 400021, inter-alia, to consider, approve and take on record the Audited Financial Results and Accounts for the...