Neogen Chemicals Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
NEOGEN · price
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Neogen Chemicals Limited has announced the results of a Postal Ballot conducted via remote e-voting, which concluded on July 12, 2025. Shareholders were asked to vote on one special resolution: continuation of Prof. Ranjan Kumar Malik (DIN: 08221989) as a Non-Executive Independent Director after attaining the age of 75 years. Out of 2,63,81,674 total shares, 2,12,94,589 votes (80.72%) were polled, with 97.59% voting in favour and 2.41% against. Promoters voted 100% in favour (1,35,08,377 shares), public institutions voted 92.93% in favour, and public non-institutions voted 99.91% in favour. The scrutinizer, CS Devendra Deshpande of DVD & Associates, confirmed the resolution was passed with the requisite majority on July 12, 2025.
The resolution is a routine governance matter with no material impact on shareholders' financial interests or the stock price. Strong shareholder support (97.59% in favour) signals continued confidence in the existing board composition.