Neogen Chemicals Limited has informed the Exchange regarding Notice of Postal Ballot
NEOGEN · price
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Awaiting price reaction for this filing.
Neogen Chemicals Limited has issued a Postal Ballot Notice seeking shareholder approval for a special resolution to continue Prof. Ranjan Kumar Malik (DIN: 08221989) as a Non-Executive Independent Director after he attains the age of 75 years, until the end of his existing second term on October 5, 2028. Prof. Malik, aged 75 (DOB October 30, 1949), holds a PhD from the University of Wisconsin-Madison and is an Adjunct Professor at IIT Bombay with over 46 years of experience. The company is relying on Regulation 17(1A) of the SEBI Listing Regulations, which requires a special resolution to continue any non-executive director beyond 75 years. Voting will be conducted electronically via MUFG Intime (RTA) from June 13, 2025 to July 12, 2025, with results expected by July 15, 2025. CS Devendra Deshpande has been appointed as the scrutinizer for the process.
This is a routine governance item and not expected to materially impact the stock price. The continuation ensures the board retains a senior expert with deep chemical engineering knowledge, which could be viewed positively by investors focused on technical leadership.