Mangalam Cement seeks shareholder approval for Anshuman Jalan's re-appointment as Director
Mangalam Cement seeks shareholder approval for Anshuman Vikram Jalan's re-appointment as Whole-Time Director for 3 years from April 1, 2026. The voting period is March 7 to April 5, 2026. Proposed remuneration includes a basic salary of ₹18.50 lakh/month and special allowance of ₹15.50 lakh/month, with annual increases from April 2027. Results will be announced by April 7, 2026.
The re-appointment of a Whole-Time Director for a significant term and the associated remuneration details are material for the company's governance and operational continuity.
The announcement is a routine corporate action regarding the re-appointment of a director and does not contain any significant positive or negative financial news.
Mangalam Cement Limited (MCL) has issued a Postal Ballot Notice to its shareholders seeking approval for the re-appointment of Shri Anshuman Vikram Jalan (DIN: 01455782) as Whole-Time Director for a further period of three years, effective from April 1, 2026, to March 31, 2029. This decision was previously informed on February 6, 2026, and recommended by the Nomination & Remuneration Committee and approved by the Board of Directors.
The postal ballot is being conducted electronically, allowing members to cast their votes remotely. The voting period commences on March 7, 2026, at 9:00 AM IST and concludes on April 5, 2026, at 5:00 PM IST. Shareholders are requested to cast their votes by recording their assent (FOR) or dissent (AGAINST) through the remote e-Voting process. The company has engaged NSDL for facilitating the e-Voting process.
The re-appointment of Shri Anshuman Vikram Jalan includes a proposed remuneration package. This includes a basic salary of ₹18,50,000 per month, with potential revisions, and a special allowance of ₹15,50,000 per month, also subject to revision. The first increase in salary and special allowance is expected from April 1, 2027. Additionally, he is eligible for commission not exceeding 1% of the net profit, perquisites such as provident fund, gratuity, leave entitlement, leave travel concession, medical expenses, personal accidental policy, club facilities, and a company car with a chauffeur. The aggregate remuneration will be subject to the limits prescribed under the Companies Act, 2013, and Schedule V. In case of inadequate profits, minimum remuneration will be applicable as per the Act.
The results of the postal ballot are scheduled to be announced on or before April 7, 2026. The company has appointed CS Akshit Kumar Jangid as the Scrutinizer to oversee the process fairly and transparently. The notice and related documents are available on the company's website and the websites of the stock exchanges and NSDL.
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Mangalam Cement Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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