Postal Ballot results alongwith Scrutinizer Report
NEAGI · price
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Neelamalai Agro Industries Ltd has announced the results of a postal ballot for the re-appointment of Mr. S. Ganesan as Non-Executive Independent Director for a second term from 1st July 2026 to 30th June 2031. The special resolution was passed with overwhelming shareholder approval - 451,861 votes in favor (99.9996%) against just 2 votes against out of 451,863 total votes cast. The voting was conducted electronically through CDSL's e-voting platform from 2nd March 2026 to 31st March 2026. Promoter and promoter group voted entirely in favor (450,687 shares), while public non-institutional shareholders showed 99.83% approval. Mr. V. Suresh of V Suresh Associates served as the scrutinizer for the postal ballot process.
This is a routine corporate governance matter confirming shareholder approval for the continued tenure of an independent director. The near-unanimous vote indicates strong shareholder confidence and has no immediate impact on the stock. The re-appointment ensures continuity on the board.