Neogen Chemicals Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot.
NEOGEN · price
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Awaiting price reaction for this filing.
Neogen Chemicals Limited conducted a Postal Ballot via remote e-voting from June 13, 2025 to July 12, 2025 to seek shareholder approval for 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 46,983 eligible shareholders holding 2,63,81,674 shares, 80.72% of shares participated in the voting. The resolution received overwhelming support with 2,07,80,995 votes (97.59%) in favour and only 5,13,594 votes (2.41%) against. Promoters voted 100% in favour, public institutions voted 92.93% in favour, and public non-institutions voted 99.91% in favour. The Scrutinizer, Devendra V. Deshpande of DVD & Associates, confirmed the resolution was passed with the requisite majority on July 12, 2025.
This is a routine corporate governance compliance matter with no material financial impact. Strong shareholder approval (over 97%) reflects confidence in the existing board composition and continuity of independent oversight, with minimal expected effect on the stock price.