Intimation of Postal Ballot notice
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Pharmaids Pharmaceuticals has issued a Postal Ballot Notice seeking shareholder approval for two items. The first is a Special Resolution to appoint Dr. Yogananda Moolemath (DIN: 02870387) as an Independent Director for a 5-year term starting January 1, 2026, with proposed remuneration of Rs. 5,00,000 per annum. Dr. Moolemath is a European Registered Toxicologist with a PhD and over 30 years of experience in drug discovery and pharmaceutical research. The second is an Ordinary Resolution to approve payment of remuneration to Non-Executive Directors for three years (FY 2025-26 to FY 2027-28), required because the company had inadequate profits in FY25 (loss of Rs. 727.92 lakhs on total income of Rs. 335.98 lakhs). E-voting will run from December 2 to December 31, 2025, with results announced by January 2, 2026.
The resolutions are routine governance matters, but the inadequate profits disclosure (Rs. 727.92 lakh loss in FY25) signals ongoing financial weakness. Shareholders should review the director's qualifications and the proposed non-executive director remuneration carefully before voting.