Indo US Bio-Tech postal ballot e-voting starts July 5
Indo US Bio-Tech Limited has dispatched the postal ballot notice dated July 4, 2026, to shareholders as on the record date of June 26, 2026. The notice seeks approval for the regularization of Mrs. Hemanshi Darsh Soni as a Non-Executive Independent Director and the appointment of M/s. Bhagat & Associates as Statutory Auditors. Remote e-voting is available from July 5, 2026, to August 3, 2026, with results expected on or before August 5, 2026.
*this image is generated using AI for illustrative purposes only.
Indo US Bio-Tech Limited has completed the dispatch of the postal ballot notice dated July 4, 2026, to all members whose names appear in the register of members as on the cut-off date of June 26, 2026. The notice seeks shareholder approval for the regularization of Mrs. Hemanshi Darsh Soni as a Non-Executive Independent Director for a term of five years and the appointment of M/s. Bhagat & Associates, Chartered Accountants, as Statutory Auditors for a period of five years effective from June 16, 2026. The company has also published the notice in the Western Times English and Gujarati editions on July 5, 2026, under Rule 22 of the Companies (Management and Administration) Rules, 2014.
Mrs. Hemanshi Darsh Soni was initially appointed as an Additional Director on April 21, 2026, for a period of five years, pending shareholder ratification. She is not related to any director on the Board and does not hold directorship in any other listed entity. The proposed statutory auditor, M/s. Bhagat & Associates (FRN: 101100W), is a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India.
The company has informed shareholders that voting can be done only by remote e-voting. The remote e-voting period commences on July 5, 2026, at 9:00 a.m. IST and ends on August 3, 2026, at 5:00 p.m. IST. Members whose names are recorded in the depositories as on the cut-off date of June 26, 2026, are entitled to vote. The Postal Ballot Notice, explanatory statement, and e-voting instructions are available on the company website and the e-voting agency website.
M/s. Amrish Gandhi & Associates, Practicing Company Secretary, has been appointed as the scrutinizer to conduct the postal ballot process. The resolutions will be deemed to be passed on August 3, 2026, and the scrutinizer will submit the report and declare the results on or before August 5, 2026.
Calendar of Events
| Particulars | Dates |
|---|---|
| Specified date/Cut off for determining members | 26 June, 2026 (Friday) |
| Date of completion of dispatch of Notice by electronic means | 04 July, 2026 (Saturday) |
| Date of publishing Advertisement in Newspaper | 06 July, 2026 (Monday) |
| Date of Commencement of voting by Electronic Mode | 05 July, 2026 (Sunday) |
| End date of voting by Electronic Mode | 03 August 2026 (Monday) |
| Date on which Resolution will be deemed to be passed | 03 August 2026 (Monday) |
| Date of submission of the Report by the Scrutinizer | On or before 05 August, 2026 (Wednesday) |
| Date of declaration of the result | On or before 05 August, 2026 (Wednesday) |
Historical Stock Returns for Indo Us Bio-Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.97% | -3.56% | -6.51% | -22.04% | -56.23% | -70.39% |
What impact will the regularization of Mrs. Hemanshi Darsh Soni as an Independent Director have on the company's governance framework?
How might the appointment of M/s. Bhagat & Associates as Statutory Auditors influence the company's financial transparency and reporting standards?
What strategic initiatives could the company pursue with a stabilized board and auditor tenure over the next five years?
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