Galaxy Surfactants has initiated a postal ballot process to seek shareholder consent for two significant governance decisions. The company proposes the appointment of Namrata Natarajan, daughter of Managing Director K. Natarajan, to a role in its US subsidiary, Galaxy Surfactants Americas, Inc., and the reappointment of Uday K. Kamat as a Non-Executive, Non-Independent Director. The e-voting period runs from October 19 to November 17, 2026.

The first resolution seeks approval for Ms. Natarajan’s appointment as Associate Manager – People Energy at Galaxy Surfactants Americas, Inc. for a three-year tenure effective August 24, 2026. This approval is required under Section 188 of the Companies Act, 2013, as her total remuneration, including salary, allowances, performance bonus, and benefits such as 401K contributions, exceeds prescribed limits. The annual cap on her remuneration is set at $160,000. Mr. K. Natarajan and related parties are barred from voting on this specific resolution due to their interest in the matter.

The second resolution concerns the appointment of Uday K. Kamat as a Non-Executive, Non-Independent Director liable to retire by rotation. Mr. Kamat was initially appointed as an Additional Director by the Board on October 5, 2026. He brings over 43 years of experience in finance, commerce, and general management. A Chartered Accountant associate and qualified Cost Accountant, Mr. Kamat previously served as an Executive Director of the company until March 31, 2016, and later as a Non-Executive Director until September 8, 2021.

Governance and Appointment Details

The proposed appointments reflect a mix of familial succession planning in overseas operations and the reinstatement of experienced leadership at the board level. The details of the individuals involved are outlined below:

Mr. Kamat currently holds 33,000 equity shares of the company, with 3,000 shares jointly held with his wife, Dhanvanti Kamat. His professional background includes a strategic advisory role for the company’s overseas expansion from June 2018 to May 2025. No other directors or key managerial personnel have a financial interest in his appointment resolution.

Voting Procedures and Eligibility

Shareholders whose names appear on the register of members or list of beneficial owners as on Friday, October 9, 2026, are eligible to vote. Voting rights are proportional to the number of shares held in the paid-up equity share capital on this cut-off date. In compliance with Ministry of Corporate Affairs circulars, physical postal ballot forms will not be sent. Members must cast their votes electronically via the National Securities Depository Limited (NSDL) platform.

The e-voting window opens at 9:00 am on Monday, October 19, 2026, and closes at 5:00 pm on Tuesday, November 17, 2026. Institutional shareholders are required to submit scanned copies of board resolutions or authority letters to the scrutinizer. The results, along with the scrutinizer’s report, will be declared within two working days of the conclusion of voting and communicated to both stock exchanges.

Galaxy Surfactants has appointed Uday K. Kamat as an Additional Non-Executive, Non-Independent Director of the company, effective October 5, 2026.

The appointment was approved by the Board of Directors on October 3, 2026, based on the recommendation of the Nomination and Remuneration Committee. The role is subject to final approval by shareholders at a subsequent meeting.

Profile and qualifications

Uday K. Kamat brings extensive experience in finance and general management to the board. He holds a Bachelor's Degree in Commerce from the University of Mumbai and is an associate member of the Institute of Chartered Accountants of India. Additionally, he is a qualified Cost Accountant from the Institute of Cost Accountants of India (ICMAI).

Kamat possesses over 43 years of professional experience across finance, commerce, project management, and general management sectors. The company confirmed that he has not been debarred from holding the office of director by any order passed by the Securities and Exchange Board of India (SEBI) or any other authority.

Regulatory compliance details

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that there are no relationships between directors requiring disclosure in this context.

The information regarding the appointment will be made available on the company's official website for public record.