Disclosure under Regulation 30 of SEBI(LODR)Regulations 2015- Notice of Postal Ballot
NEAGI · price
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Neelamalai Agro Industries has issued a postal ballot notice dated 13.02.2026 seeking shareholder approval through e-voting for one special resolution. The resolution proposes the re-appointment of Mr. S. Ganesan (DIN: 08588380) as Non-Executive Independent Director for a second term of five years, from 1st July 2026 to 30th June 2031. Mr. Ganesan is a Chartered Accountant with vast experience in corporate audit and taxation, particularly in the plantation industry, and currently chairs the Audit Committee and Nomination & Remuneration Committee. Since he is over 75 years of age (DOB: 21/06/1950), the resolution also seeks approval under SEBI Regulation 17(1A) for continuation of his directorship. E-voting runs from 2nd March 2026 (9:00 AM) to 31st March 2026 (5:00 PM), with results to be declared on or before 2nd April 2026. He received Rs. 89,000 as sitting fees in FY2024-25 and holds no shares in the company.
This is a routine corporate governance item with no material financial or strategic impact. Shareholders simply need to vote on the re-appointment; the special resolution is required mainly because the director is over 75 years of age and unlikely to affect the stock price.