Postal Ballot Notice - enclosed herewith.
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India Gelatine & Chemicals Ltd has dispatched a Postal Ballot notice to shareholders seeking their approval for the appointment of Mr. P. Velmurugan (DIN: 10163584) as Whole-Time Director, designated as Executive Director, for a 5-year term from December 1, 2025 to November 30, 2030. Mr. Velmurugan, aged 48, holds a B.Tech in Chemical Engineering, a PGDM in Operations Management, and an MDP from IIM Ahmedabad, with over 27 years of leadership experience at firms like Aurobindo Pharma, Lupin, Jubilant Life Sciences, Cohance Life Sciences, and Solara Active Pharma. His proposed total CTC is Rs. 1.22 crore per annum, comprising Rs. 1.02 crore fixed and Rs. 20 lakh variable pay, plus standard perks such as car, phone, Rs. 2 lakh LTA, PF, and gratuity. Voting will be conducted only through e-voting from December 15, 2025 (10:00 AM) to January 13, 2026 (5:00 PM), with the cut-off date being December 5, 2025. Results are expected to be declared on or before January 15, 2026, and the resolution will be deemed passed on January 13, 2026.
This is a routine board-level appointment of an experienced pharma and specialty chemicals professional, with a manageable remuneration impact for a small-cap company. Shareholders should cast their e-vote before January 13, 2026, as approval requires a special resolution.