News Stocks Indogulf Cropsciences Limited Issues Postal Ballot Notice for Director Re-appointments with E-voting PeriodIndogulf Cropsciences Limited Issues Postal Ballot Notice for Director Re-appointments with E-voting Period
Indogulf Cropsciences Limited has issued a postal ballot notice for shareholder approval of key director re-appointments through e-voting from February 27 to March 28, 2026. The ballot includes re-appointment of Executive Chairman Om Prakash Aggarwal and Managing Director Sanjay Aggarwal for 5-year terms with Rs. 16.00 lakh monthly salary each, along with Independent Directors Rahul Gupta and Sandeep Bhutani for second consecutive terms. The company has engaged NSDL for e-voting services with February 20, 2026 as the cut-off date for eligible members.
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Indogulf Cropsciences Limited has issued a comprehensive postal ballot notice to shareholders seeking approval for key director re-appointments through electronic voting. The company has announced specific timelines and procedures for the voting process, ensuring compliance with regulatory requirements under the Companies Act, 2013 and SEBI regulations.
E-voting Schedule and Process
The company has established a structured timeline for the postal ballot process with specific dates for shareholder participation.
| Parameter | Details |
|---|---|
| Cut-off Date | February 20, 2026 |
| E-voting Start | February 27, 2026 at 9:00 AM (IST) |
| E-voting End | March 28, 2026 at 5:00 PM (IST) |
| Results Declaration | On or before March 31, 2026 |
| Service Provider | National Securities Depository Limited (NSDL) |
The postal ballot notice is being sent exclusively through electronic mode to members whose email addresses are registered with the company, depositories, or registrar and share transfer agent. Physical copies are not being distributed in compliance with Ministry of Corporate Affairs circulars.
Director Re-appointment Resolutions
The postal ballot encompasses four critical resolutions for director re-appointments, each requiring specific shareholder approval types.
Executive Leadership Appointments
The first two resolutions focus on the re-appointment of the company's executive leadership team for extended terms.
| Position | Director | DIN | Term | Resolution Type |
|---|---|---|---|---|
| Executive Chairman | Om Prakash Aggarwal | 00732440 | 5 years from April 1, 2026 | Special Resolution |
| Managing Director | Sanjay Aggarwal | 00763635 | 5 years from April 1, 2026 | Ordinary Resolution |
Both executive directors will receive a monthly salary of Rs. 16.00 lakh along with provident fund contributions and other benefits as per company policy. Om Prakash Aggarwal's appointment requires a special resolution due to his age of 75 years, exceeding the statutory limit under the Companies Act, 2013.
Independent Director Re-appointments
Two independent directors are being re-appointed for second consecutive terms, strengthening the board's governance structure.
| Director | DIN | Previous Term End | New Term | Resolution Type |
|---|---|---|---|---|
| Rahul Gupta | 09192630 | December 29, 2025 | 5 years from December 29, 2025 | Special Resolution |
| Sandeep Bhutani | 09463909 | December 29, 2025 | 5 years from December 29, 2025 | Special Resolution |
Both independent directors have submitted declarations confirming their independence criteria under Section 149(6) of the Companies Act, 2013 and SEBI LODR Regulations.
Director Profiles and Shareholding
The executive directors bring substantial experience and maintain significant shareholdings in the company.
| Director | Age | Experience | Shareholding | Percentage |
|---|---|---|---|---|
| Om Prakash Aggarwal | 75 years | 31 years in agrochemicals | 70,81,468 shares | 11.20% |
| Sanjay Aggarwal | 51 years | 30 years in agrochemicals | 1,27,97,620 shares | 26.11% |
Om Prakash Aggarwal holds a bachelor's degree in commerce from University of Delhi and has been associated with the company since 1993. Sanjay Aggarwal possesses a bachelor's degree in commerce and an MBA in marketing and finance, joining the company as Managing Director in 1997.
Voting Procedures and Guidelines
The company has established comprehensive e-voting procedures through NSDL's platform, accommodating different categories of shareholders. Individual shareholders holding securities in demat mode can vote through their depository accounts, while institutional shareholders must submit board resolutions and authority letters to the scrutinizer.
Mr. Rohit Bhatia (ACS: 67220, COP: 25126) has been appointed as the scrutinizer to conduct the postal ballot process transparently. The voting results will be announced on or before March 31, 2026, and communicated to stock exchanges while being displayed on the company's website.
Shareholders whose email addresses are not registered can contact the company at cs@groupindogulf.com with required documentation to participate in the e-voting process. The company emphasizes that only members recorded in the register as of the cut-off date will be eligible to vote on the proposed resolutions.
Historical Stock Returns for Indogulf Cropsciences
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.65% | -2.25% | +1.05% | -41.80% | -40.06% | -40.06% |
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