India Gelatine & Chemicals Dispatches Postal Ballot for Director Appointment

India Gelatine & Chemicals Limited has dispatched a postal ballot notice to shareholders seeking approval for the appointment of Mr. P. Velmurugan as Whole-Time Director, following the company's earlier announcement of key leadership changes.

Postal Ballot Process Initiated

The company has formally dispatched the postal ballot notice on December 11, 2025, to shareholders whose names appear in the Register of Members as of the cut-off date. The notice seeks shareholder approval for Mr. P. Velmurugan's appointment as Whole-Time Director, designated as Executive Director.

Event	Date & Time
Cut-off Date:	December 5, 2025
E-voting Commencement:	December 15, 2025 at 10:00 AM
E-voting Conclusion:	January 13, 2026 at 5:00 PM
Results Declaration:	On or before January 15, 2026

Leadership Transition Details

The Board of Directors had previously approved Mr. P. Velmurugan's appointment as Additional Director effective December 1, 2025, following Mr. Abhay Kumar Jha's resignation from the position of Whole Time Director on November 30, 2025.

Position Changes	Details
Outgoing Director:	Mr. Abhay Kumar Jha (November 30, 2025)
Incoming Director:	Mr. P. Velmurugan (December 1, 2025)
Appointment Term:	5 years (December 1, 2025 to November 30, 2030)
DIN Number:	10163584

Professional Profile and Remuneration

Mr. P. Velmurugan, aged 48, brings 27 years of experience in pharmaceutical and specialty chemicals industries. He holds a B.Tech degree in Chemical Engineering, PGDM in Operations Management, and has completed an MDP from IIM Ahmedabad.

Compensation Structure	Amount (₹)
Total CTC per annum:	1,22,00,000
Fixed Component:	1,02,00,000
Variable Component:	20,00,000
Leave Travel Allowance:	2,00,000

Previous Leadership Roles

His extensive career includes senior leadership positions at reputed companies including Aurobindo Pharma Ltd, Cohance Life Sciences Ltd, Solara Active Pharma Services Pvt Ltd, Jubilant Life Sciences Ltd, and Lupin Ltd. His expertise spans manufacturing operations, technology transfer, project management, business strategy, operational excellence, and risk management.

Company Financial Performance

The company's recent financial performance shows steady operations in the gelatine manufacturing sector:

Financial Metrics	FY2025 (₹ Lakhs)	FY2024 (₹ Lakhs)	FY2023 (₹ Lakhs)
Revenue from Operations:	19,852.87	20,583.97	20,519.68
Profit Before Tax:	2,264.84	3,726.45	3,206.69
Profit After Tax:	1,738.93	2,838.85	2,389.96

Voting Process

The voting will be conducted exclusively through e-voting, with no physical ballot collection. The company has engaged Central Depository Services (India) Limited (CDSL) for providing e-voting facilities. Mr. Chirag Shah (Membership No. FCS5545) has been appointed as the Scrutinizer to conduct the e-voting process.

The appointment requires approval as a Special Resolution and is not liable to retirement by rotation. The Board has recommended the resolution for shareholder approval, emphasizing Mr. Velmurugan's potential contribution to the company's strategic direction in the specialty chemicals sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.62%	+1.12%	-1.81%	-8.83%	-14.90%	+236.79%

India Gelatine & Chemicals Limited (IGCL) has reported robust financial results for the second quarter of fiscal year 2025-26, along with ambitious expansion plans to boost its production capacity.

Financial Performance

For the quarter ended September 30, 2025, IGCL posted impressive growth in both revenue and profitability:

Particulars (in Rs. Lakhs)	Q2 FY2025-26	Q2 FY2024-25	YoY Growth
Revenue from Operations	4,690.24	4,271.24	9.81%
Total Income	4,874.30	4,458.15	9.33%
Profit Before Tax	920.11	409.35	124.77%
Profit for the Period	644.22	308.77	108.64%

The company's performance shows a significant improvement compared to the same quarter last year, with profit more than doubling year-over-year.

Half-Year Performance

For the half-year ended September 30, 2025, IGCL reported:

Particulars (in Rs. Lakhs)	H1 FY2025-26	H1 FY2024-25	YoY Growth
Total Income	9,003.54	9,699.72	-7.18%
Profit Before Tax	1,804.12	1,075.07	67.82%
Profit for the Period	1,352.39	812.62	66.42%

Despite a slight decrease in total income, the company managed to significantly increase its profitability for the half-year period.

Expansion Plans

IGCL's Board of Directors has approved an expansion project. The key details of the expansion are:

Current production capacity: 2,000 MT
Proposed capacity addition: 700 MT
Total capacity post-expansion: 2,700 MT
Estimated investment: Rs. 80 crore
Implementation period: Approximately 1.5 years
Funding: Combination of internal accruals and borrowings

The expansion aims to enhance the company's Gelatine production capacity by 35%, from 2,000 MT to 2,700 MT.

Management Commentary

Vinay Kumar Jha, Executive Director of India Gelatine & Chemicals Limited, stated, "We are pleased with our performance this quarter, which reflects the strength of our business model and the growing demand for our products. The approved expansion project underscores our commitment to growth and our confidence in the future of the Gelatine market."

Outlook

With its strong financial performance and strategic expansion plans, India Gelatine & Chemicals Limited appears well-positioned for future growth. The company's focus on increasing production capacity aligns with its goal of capitalizing on market opportunities and enhancing shareholder value.