Manorama Industries Limited — Others, 11-11-2024: Shareholders meeting

Manorama Industries Limited has announced a board meeting to discuss key matters that require member approval via postal ballot. The resolutions include appointing Mr. Ashish Ramesh Saraf as Chairman and Executive Director, appointing him as Managing Director with an annual remuneration of ₹1.8 crore, and approving material related party transactions for the purchase of shea nuts from its wholly-owned subsidiaries, each transaction valued up to ₹200 crore. This update highlights strategic leadership continuity and plans for significant operational transactions, potentially signaling a positive outlook for future growth.