India Gelatine & Chemicals Shareholders Approve Executive Director Appointment Through Postal Ballot

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

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 from the shareholder base.

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.

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 received a regulatory fine from BSE Limited for delayed compliance with Related Party Transaction (RPT) disclosure requirements. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on December 17, 2025.

Fine Details and Regulatory Action

BSE Limited imposed a fine on the company for delayed submission of RPT disclosures, with specific details outlined in the regulatory communication:

Parameter:	Details
Fine Amount:	₹25,000.00
Actual Fine Paid:	₹5,900.00 (basic fine plus GST)
Violation Period:	Half-year ended September 30, 2025
Filing Format:	XBRL format
Delay Duration:	One day
Date of BSE Communication:	December 16, 2025

Nature of Compliance Violation

The violation pertains to Regulation 23(9) of SEBI Listing Regulations, 2015, which mandates timely disclosure of related party transactions. The company failed to submit the required RPT disclosure in XBRL format within the prescribed timeline for the half-year ended September 30, 2025.

The regulatory framework requires listed entities to disclose related party transactions in specified formats within designated timelines to ensure transparency and investor protection.

Technical Reasons Behind the Delay

The company attributed the delay to technical issues stemming from regulatory changes. Key factors contributing to the non-compliance include:

Changes in filing requirements pursuant to BSE Circular dated April 2, 2025
New mandate for integrated Financials XBRL filing including RPT disclosures
Requirement to file on the same date as declaration of financial results
Previous practice allowed XBRL results filing within 24 hours of approval

The company characterized the delay as technical in nature, indicating procedural challenges in adapting to the revised regulatory framework rather than intentional non-compliance.

Company Response and Remedial Measures

India Gelatine & Chemicals Limited has taken immediate corrective action following the regulatory notice:

Action Taken:	Status
Fine Payment:	Completed within prescribed timeline
Compliance Status:	RPT disclosure subsequently filed
Future Measures:	Enhanced vigilance in meeting regulatory timelines
Impact Assessment:	No operational or financial impact beyond fine amount

The company has committed to implementing more stringent compliance monitoring mechanisms to prevent recurrence of such delays. Management emphasized that the violation had no impact on the company's financial, operational, or other activities beyond the monetary fine paid.

Regulatory Compliance Framework

This disclosure falls under the comprehensive regulatory framework governing listed entities in India. The company provided the required details under Regulation 30 of SEBI Listing Regulations, 2015, read with relevant SEBI circulars including CIR/CFD/CMD/4/2015 dated September 9, 2015, and Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023.

The regulatory disclosure demonstrates the company's commitment to transparency and adherence to corporate governance standards despite the procedural lapse that resulted in the fine.