India Gelatine & Chemicals Limited Completes Postal Ballot, Appoints P. Velmurugan as Executive Director

India Gelatine & Chemicals Limited has successfully completed its postal ballot process, with shareholders approving the appointment of Mr. P. Velmurugan as Executive Director through an overwhelming majority vote on January 13, 2026.

Postal Ballot Results and Voting Outcome

The special resolution for appointing Mr. P. Velmurugan (DIN: 10163584) as Whole Time Director designated as Executive Director received strong shareholder support. The voting results demonstrate clear approval across different shareholder categories:

Voting Category	Votes Polled	Votes in Favour	Votes Against	% in Favour
Total Votes	4,351,505	4,340,744	10,761	99.75%
Promoter Group	4,335,529	4,335,529	0	100.00%
Public Non-Institutions	15,976	5,215	10,761	32.64%
Public Institutions	0	0	0	0.00%

The total votes polled represented 61.36% of the company's outstanding shares, with the resolution passing as a special resolution requiring a 75% majority.

E-Voting Process and Timeline

The company conducted the postal ballot exclusively through remote e-voting, following MCA circulars and regulatory guidelines. Key process details include:

Process Parameter	Details
Record Date	December 5, 2025
Total Shareholders	6,470
E-voting Period	December 15, 2025 to January 13, 2026
Platform	CDSL e-voting system
Scrutinizer	Raimeen Maradiya, Chirag Shah & Associates

The postal ballot notice was dispatched electronically on December 11, 2025, to shareholders whose email addresses were registered with depositories. The company also published newspaper advertisements in Financial Express (English and Gujarati) on December 12, 2025.

Executive Director Appointment Details

Mr. P. Velmurugan's appointment as Executive Director carries significant terms and tenure specifications. The resolution approved his appointment for a five-year period from December 1, 2025, to November 30, 2030, with the position not liable to retire by rotation.

The appointment follows proper corporate governance procedures, including recommendations from the Nomination and Remuneration Committee and Board of Directors' approval. The resolution also provides for minimum remuneration entitlements in accordance with Schedule V of the Companies Act, 2013, even during periods of inadequate profits.

Regulatory Compliance and Documentation

The company has fulfilled all regulatory requirements under SEBI (LODR) Regulations, 2015, particularly Regulation 30 and Regulation 44. The scrutinizer's report dated January 13, 2026, confirms the proper conduct of the e-voting process and validation of results.

Company Secretary Sejal Shah submitted the voting results, scrutinizer's report, and minutes of proceedings to BSE Limited, ensuring complete regulatory compliance. The results and related documents are also available on the company's website at www.indiagelatine.com and the e-voting platform.

Corporate Governance Framework

The successful completion of this postal ballot demonstrates the company's commitment to transparent corporate governance practices. The appointment process involved proper board resolutions, shareholder notifications under Section 160 of the Companies Act, 2013, and comprehensive disclosure of terms and conditions in the explanatory statement.

The overwhelming shareholder approval, particularly the unanimous support from the promoter group, indicates confidence in the new executive leadership appointment and the company's strategic direction under enhanced management structure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.35%	+5.22%	+4.31%	-4.68%	-9.78%	+261.00%

India Gelatine & Chemicals Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the appointment of Mr. P. Velmurugan as Executive Director. The company announced the voting results on January 14, 2026, following the completion of remote e-voting on January 13, 2026.

Postal Ballot Results

Voting Parameter:	Details
Total Votes Polled:	43,51,505 shares
Votes in Favour:	43,40,744 shares
Votes Against:	10,761 shares
Approval Percentage:	99.75%
Participation Rate:	61.36% of outstanding shares

Shareholder Participation Analysis

The postal ballot saw participation from different shareholder categories, with varying levels of engagement across groups.

Category:	Shares Held	Votes Polled	Participation %	Approval Rate
Promoter and Promoter Group:	48,96,887	43,35,529	88.54%	100.00%
Public-Institutions:	788	0	0.00%	-
Public-Non Institutions:	21,94,625	15,976	0.73%	32.64%
Total:	70,92,300	43,51,505	61.36%	99.75%

Voting Process Details

The company conducted the postal ballot entirely through remote e-voting, following MCA circulars that allow electronic-only voting processes. Key timeline details include:

Record Date: December 5, 2025
Notice Dispatch: December 11, 2025
Voting Period: December 15, 2025 (10:00 AM) to January 13, 2026 (5:00 PM)
Total Eligible Shareholders: 6,470
Scrutinizer Report Date: January 13, 2026

Chirag Shah & Associates, with CS Raimeen Maradiya as the appointed scrutinizer, conducted the voting process verification. The company engaged Central Depository Services (India) Limited (CDSL) to provide the remote e-voting facility.

Executive Director Appointment

Mr. P. Velmurugan's appointment as Executive Director carries a five-year term from December 1, 2025, to November 30, 2030. The resolution was classified as a special resolution, requiring higher approval thresholds than ordinary resolutions. The appointment includes provisions for remuneration and benefits as outlined in the explanatory statement, with provisions for minimum remuneration even in cases of inadequate profits.

Regulatory Compliance

The company submitted the voting results and scrutinizer's report to BSE Limited under Regulation 30 and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The complete voting results and scrutinizer's report are available on the company's website at www.indiagelatine.com and the stock exchange website.