Mamata Machinery Limited has issued a notice for postal ballot, seeking shareholder approval for the continuation of Mr. Subba Padubidri Bangera as a Non-Executive Independent Director beyond the age of 75 years. Mr. Bangera, whose current term ends on April 11, 2029, will reach the age of 75 on April 8, 2026. The company has engaged National Securities Depository Limited (NSDL) for remote e-voting, which commenced on March 6, 2026, at 9:00 a.m. (IST) and will conclude on April 4, 2026, at 5:00 p.m. (IST). The cut-off date for determining eligible shareholders was February 27, 2026. The resolution to approve Mr. Bangera's continuation is considered special business, requiring a special resolution from the shareholders. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, believes that Mr. Bangera's continued association will be beneficial to the company. The results of the postal ballot are expected to be announced on or before April 7, 2026. Mr. Bangera has over 50 years of experience in the Indian Plastics Industry and has been on the company's board since April 12, 2024.
