Indogulf Cropsciences re-appoints Pushap Kumar, varies IPO proceeds

Indogulf Cropsciences Limited has submitted the consolidated scrutinizer's report and voting results for its Thirty-Fourth Annual General Meeting held on September 24, 2026. The filing confirms that all five resolutions, including the variation of IPO proceeds, were passed with requisite majority.

The meeting commenced at 12:15 pm and concluded at 1:05 pm via Video Conferencing. Chairman Om Prakash Aggarwal chaired the session, with Managing Director Sanjay Aggarwal and Chief Financial Officer Manoj Gupta addressing member queries regarding the company's vision and performance for FY26.

Voting results and resolution outcomes

Shareholders voted on several ordinary and special business items outlined in the notice dated September 1, 2026. The scrutinizer, Rohit Bhatia of Rohit Bhatia & Associates, reported that 63.48% of the total paid-up capital voted during the meeting. A total of 107 members cast votes through remote e-voting, while no additional votes were recorded through e-voting at the meeting itself.

All resolutions received overwhelming support, with votes in favour exceeding 99.99% for each item. The key approvals included:

Financial Statements: Adoption of the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement for FY26, along with Board and Auditor reports.
Director Re-appointment: Re-appointment of Pushap Kumar (DIN: 07864033) as a Non-Executive Director, who retired by rotation. Kumar holds a bachelor's degree in science from Chaudhary Charan Singh University, Meerut, and has over 21 years of experience in the agrochemical industry. He serves as the head of marketing operations and strategies.
Auditor Appointments: Ratification of remuneration for Cost Auditors M/s Jain Sharma & Associates for FY27 and appointment of M/s NJ & Associates as Secretarial Auditors for a five-year term from April 1, 2026, to March 31, 2031. NJ & Associates is a Delhi-based firm established in 2016, specializing in legal, secretarial, and FEMA services.
IPO Proceeds Variation: Approval to vary the objects and terms of utilisation of IPO proceeds stated in the July 1, 2025, Prospectus. This specifically relates to capital expenditure for the expansion of the manufacturing facility in Barwasani, Haryana.

What the numbers show

The voting data reveals a significant concentration of power within the promoter group. Promoters and promoter group members held 4,36,56,085 shares and voted 3,40,58,693 shares, accounting for 78.02% of the total votes polled. In contrast, public non-institutional shareholders, despite holding a larger number of shares (1,69,39,459), voted only 36,66,898 shares, representing just 21.65% participation from that segment. This indicates that the outcome of all resolutions was heavily influenced by promoter support, with dissenting votes from the public segment being negligible (less than 0.11%).

Compliance and procedural details

The company provided remote e-voting facilities in accordance with SEBI regulations. The remote e-voting period commenced on September 21, 2026, at 9:00 am and ended on September 23, 2026, at 5:00 pm. Additionally, a 15-minute window was opened during the meeting for shareholders who had not cast votes earlier. The proceedings were conducted in compliance with Ministry of Corporate Affairs circulars and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resolution	Type	Votes in Favour (%)	Votes Against (%)	Result
Adoption of FY26 Financial Statements	Ordinary	99.99%	0.01%	Passed
Re-appointment of Pushap Kumar	Ordinary	99.99%	0.01%	Passed
Ratification of Cost Auditor Remuneration	Ordinary	99.99%	0.01%	Passed
Appointment of Secretarial Auditor	Ordinary	99.99%	0.01%	Passed
Variation in IPO Proceeds Utilisation	Special	99.99%	0.01%	Passed

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+12.29%	+9.76%	-6.94%	+0.43%	-42.95%	-44.69%

Indogulf Cropsciences will participate in the Bharat Connect Conference organized by Arihant Capital on September 30, 2026. The management team will engage with investors in a virtual session scheduled for 12:00 pm.

The company disclosed this participation pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to the Listing Operation Department of BSE Limited and the Listing Compliance Department of National Stock Exchange of India Limited.

Conference Details

The event, titled "Bharat Connect Conference: Rising Stars March - 2026," aims to provide investors with insights based on generally available information. The company confirmed that the discussion will not involve any Unpublished Price Sensitive Information (UPSI) as per its Code of Practices and Procedures for Fair Disclosure.