Neogen Chemicals Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025
NEOGEN · price
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Awaiting price reaction for this filing.
Neogen Chemicals held its 36th AGM on September 26, 2025, conducted via video conferencing from 5:00 PM to 5:44 PM. Seven resolutions were placed before shareholders, including adoption of audited standalone and consolidated financial statements for FY25, declaration of a final dividend on equity shares, and re-appointment of Anurag Surana as a director retiring by rotation. The meeting also approved the re-appointment of Shyamsunder Upadhyay as Whole-Time Director and the appointment of Triplicane Commandoor Narasimhan Sai Krishnan as a new Executive Director with fixed remuneration. M/s. DVD & Associates were appointed as Secretarial Auditors for a first term of five consecutive years, and the remuneration of the Cost Auditor was ratified. Both the Statutory and Secretutory Auditors' reports contained no qualifications or adverse comments. Shareholders raised questions on financial performance, future outlook, ongoing capex and project timelines, and the retirement of Chairman and Managing Director Haridas Kanani, with Managing Director Dr. Harin Kanani providing clarifications. The consolidated voting results along with the scrutinizer's report will be declared within 48 hours of the AGM's conclusion.
This is a procedural filing that confirms the AGM was held, but the actual voting outcome and final dividend amount are still pending and will be disclosed shortly. Investors should watch for the voting results and dividend declaration, as these will be the key catalysts — along with the leadership transition signal implied by the new Executive Director appointment and the queries around the Chairman's retirement.