Indo Amines shareholders approve director re-appointment, pay hikes

Indo Amines Limited shareholders have approved the re-appointment of Mrs. Bharati Palkar as Whole-Time Director and sanctioned increased remuneration for three senior executives through a postal ballot process. The resolutions were passed with the requisite majority following the conclusion of the remote e-voting period on July 15, 2026.

The postal ballot sought shareholder consent for four special resolutions. The first resolution concerned the re-appointment of Mrs. Bharati Palkar (DIN: 00136185) as Whole-Time Director for a period of three years. The remaining three resolutions sought approval to increase the remuneration of Mr. Vijay Palkar (DIN: 00136027), Managing Director & Chief Executive Officer; Mr. Rahul Vijay Palkar (DIN: 00325590), Joint Managing Director; and Mr. Saji Jose (DIN: 10650311), Whole-Time Director.

The remote e-voting process was conducted by the National Securities Depository Limited (NSDL). The voting period commenced on June 16, 2026, and concluded on July 15, 2026. Mr. Vijay Yadav, Partner of AVS and Associates, Practicing Company Secretary, served as the Scrutinizer for the process.

Voting Results Summary

The Scrutinizer's report confirmed that all four resolutions received the necessary approval from shareholders. The detailed voting patterns across different categories are outlined below.

Resolution	Votes For	Votes Against	% For	% Against
Re-appointment of Mrs. Bharati Palkar	4,07,87,967	32,215	99.92	0.08
Increase remuneration of Mr. Vijay Palkar	3,63,28,526	9,32,692	97.50	2.50
Increase remuneration of Mr. Rahul Vijay Palkar	4,14,78,111	9,32,747	97.80	2.20
Increase remuneration of Mr. Saji Jose	4,14,94,989	9,15,849	97.84	2.16

The total number of shareholders on the record date, June 12, 2026, was 34,468. The results of the postal ballot were declared on July 17, 2026, and have been submitted to the National Stock Exchange of India Ltd and BSE Limited in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.02%	-2.16%	-3.75%	+12.89%	-14.39%	+12.47%

Indo Amines Ltd has strengthened its board governance by appointing Mr. Rahul Chitnis as an Additional Independent Director for a one-year term effective July 15, 2026. The appointment, subject to shareholder approval, was approved by the Board of Directors via a circular resolution on July 11, 2026, based on the recommendation of the Nomination and Remuneration Committee. This strategic move aims to leverage Mr. Chitnis's extensive legal expertise to guide the company's corporate governance and compliance frameworks.

Mr. Rahul Chitnis is a distinguished legal professional with over three decades of experience in constitutional, commercial, corporate, arbitration, intellectual property, banking, and criminal law. He is currently a Partner at Chitnis Desai LLP and has served as A-2 Panel Counsel as well as In-Charge Chief Standing Counsel for the State of Maharashtra before the Supreme Court of India. An alumnus of Government Law College, Mumbai, and King's College London, he has represented clients in several landmark matters before the Supreme Court of India, the Bombay High Court, and various arbitral tribunals.

The appointment follows the disclosure requirements specified in the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company has confirmed that Mr. Chitnis is not related to any of the Directors, Key Managerial Personnel, Promoters, or Promoter Group of the company. Furthermore, he is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority, as per the disclosures required pursuant to BSE and NSE circulars dated June 20, 2018.

Details of Appointment

The table below outlines the key details regarding the new director's appointment:

No.	Particulars	Details
1.	Name of Director	Mr. Rahul Chitnis (DIN: 06634770)
2.	Designation	Additional (Independent) Director
3.	Term of Appointment	1 year (July 15, 2026 to July 14, 2027)
4.	Effective Date	July 15, 2026
5.	Shareholder Approval	Required

Mr. Chitnis has been serving as an arbitrator in commercial disputes since 2003 and has contributed to legal education as a Visiting Faculty at Jindal Global Law School. His extensive expertise, combined with his experience in high-profile litigation and arbitration, establishes him as a leading legal practitioner in India. The filing was submitted to the National Stock Exchange of India Ltd. and BSE Limited on July 11, 2026, by Tripti Sawant, Company Secretary & Compliance Officer of Indo Amines Ltd .