Manorama Industries Board Approves Director Appointment & Subsidiary Capital Increases
Manorama Industries Ltd announced the outcome of its Board meeting held on September 04, 2026. Key decisions included the appointment of Dr. Rohini Tiwari as an Additional Director (Non-Executive Independent) for five years, subject to member approval. The Board also approved the cut-off date for a postal ballot notice and appointed M/s Mehta & Mehta as scrutinizers. Furthermore, the company approved significant capital increases for several wholly-owned subsidiaries: ₹20 crore for Manorama Savanna Ghana Ltd, ₹10 crore for Manorama Savanna Ltd (Nigeria), ₹15 crore for Manorama Burkina SARL, ₹10 crore for Manorama Savannah Agro Chad Sarl, ₹15 crore for Manorama Latin America LTDA, and ₹5 crore for Manorama Mena Trading LLC (UAE). The tenure completion of Mr. Mudit Kumar Singh as Independent Director was also noted.
Key Highlights
- Dr. Rohini Tiwari appointed as Additional Non-Executive Independent Director.
- Postal ballot process initiated for director appointment and cut-off date set.
- Significant capital increases approved for six international subsidiaries.
- Mr. Mudit Kumar Singh's tenure as Independent Director concluded.
- MUFG Intime India appointed for e-voting facility.
Price Impact
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