Neelamalai Agro Industries shareholders approved key ordinary business resolutions at its 83rd Annual General Meeting held on August 19, 2026. The meeting, conducted via video conferencing, saw the adoption of audited financial statements for the fiscal year ended March 31, 2026, the declaration of a final dividend on equity shares, and the reappointment of Mrs. Shanthi Thomas (DIN: 00567935) as a director.

All three resolutions were passed unanimously. A total of 451,085 votes were cast in favour across remote e-voting and poll voting, with zero votes recorded against any of the items. The voting process was scrutinized by V Suresh Associates, Practising Company Secretaries, who confirmed compliance with Section 108 of the Companies Act, 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations.

Voting Participation Breakdown

The promoter group demonstrated complete engagement in the voting process, casting all available votes. In contrast, institutional public shareholders did not participate, while non-institutional public shareholders contributed minimally to the total vote count.

What the Numbers Show

The voting data reveals a high concentration of decision-making power within the promoter group. With 450,687 shares held by promoters representing approximately 72.45% of the total outstanding shares, their unanimous support was decisive. The negligible participation from the public category (398 votes out of 167,625 shares held) indicates low retail engagement in the governance process for this meeting.

Procedural Details

The remote e-voting facility was open from August 16, 2026, at 9:00 am to August 18, 2026, at 5:00 pm. Only 24 shareholders attended the meeting via video conferencing, comprising two from the promoter group and 22 from the public category. No shareholders attended in person or through proxy. The company secretary, S. Lakshmi Narasimhan, certified the results on August 20, 2026.

Neelamalai Agro Industries company name has fixed the book closure period for its 83rd Annual General Meeting (AGM) and dividend payment from August 13 to August 19, 2026. The Board of Directors, in a meeting held on May 29, 2026, determined these dates to facilitate the declaration of a 200% dividend on equity shares. The record date for determining shareholder eligibility is set for Wednesday, August 12, 2026. This announcement clarifies the timeline for shareholders to hold dematerialized shares to be eligible for the dividend payout and to participate in the upcoming AGM.

The company will conduct the 83rd AGM via Video Conferencing (VC) or Other Audio-Visual Means (OAVM) on Wednesday, August 19, 2026, at 11:00 A.M., in compliance with Ministry of Corporate Affairs (MCA) guidelines. Shareholders holding shares as of the cut-off date of August 12, 2026, are eligible to vote. Remote e-voting through Central Depository Services (India) Limited (CDSL) opens on Sunday, August 16, 2026, at 9:00 A.M. and closes on Tuesday, August 18, 2026, at 5:00 P.M. Members who do not vote remotely may cast their votes during the live virtual session.

The primary agenda for the AGM includes the adoption of audited financial statements for FY26, the declaration of the dividend, and the re-appointment of Mrs. Shanthi Thomas as Whole Time Director designated as Executive Director. Mrs. Thomas retires by rotation but is eligible for re-appointment. She holds 4,14,618 equity shares jointly with Chairman Mr. Ajit Thomas and drew a total remuneration of ₹49.89 Lakhs in FY26. Her package includes a basic salary of ₹3,00,000 to ₹5,00,000 per month, House Rent Allowance of ₹50,000 per month, and other benefits such as provident fund contributions at 12%, gratuity, and insurance.

Key Dates and Voting Procedures

Regulatory Compliance and Disclosures

The meeting adheres to MCA General Circulars No. 14/2020, 17/2020, 20/2020, 02/2021, 03/2022, 10/2022, 09/2023, 09/2024, and 03/2025, along with relevant SEBI Circulars. Physical attendance is not permitted, and proxy appointments are unavailable. Mr. V Suresh, Senior Partner of M/s. V. Suresh Associates, Chennai, serves as the Scrutinizer for the e-voting process. He will submit a consolidated report within two working days of the meeting's conclusion.

Shareholders are reminded that unpaid dividends for Financial Year 2017-2018 and the Interim Dividend for Financial Year 2018-2019 have been transferred to the Investor Education & Protection Fund (IEPF). Unclaimed Final Dividend for Financial Year 2018-2019 will also be transferred to the IEPF during Financial Year 2026-2027 if not claimed within seven years. Trading of shares is permitted only in dematerialized form, and all transfers must be effected in demat mode as per SEBI mandates.