Neelamalai Agro Industries Limited has issued a postal ballot notice dated February 26, 2026, seeking shareholder approval for the re-appointment of Mr. S. Ganesan as Non-Executive Independent Director for a second term.

Postal Ballot Details

The company has proposed the re-appointment of Mr. S. Ganesan (DIN: 08588380) as Non-Executive Independent Director for a period commencing from July 1, 2026 to June 30, 2031. This represents his second term with the company, as he was initially appointed through a postal ballot notice dated February 14, 2024, with his first term ending on June 30, 2026.

E-Voting Schedule

The company has engaged Central Depository Services Limited (CDSL) to provide e-voting facility to members. The postal ballot will be conducted exclusively through electronic voting, with no physical ballot forms being distributed.

Director Profile and Qualifications

Mr. S. Ganesan brings significant expertise to the board with his background as a Chartered Accountant. He possesses vast experience in corporate audit and corporate taxation, with particular specialization in the plantation industry. The Board of Directors, based on recommendations from the Nomination and Remuneration Committee at their meeting held on February 13, 2026, has endorsed his re-appointment.

Current Board Participation

• Board Meetings Attended: 4 meetings held and attended during Financial Year 2025-2026
• Remuneration: Total sitting fee of ₹89,000 paid during financial year 2024-2025
• Committee Positions: Chairman of Audit Committee and Nomination & Remuneration Committee, Member of Stakeholders Relationship Committee

Regulatory Compliance

The postal ballot notice has been issued pursuant to provisions of Section 108, 110 and other applicable provisions of the Companies Act, 2013, along with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. The process also complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Scrutinizer Appointment

The company has appointed Mr. V. Suresh, Senior Partner (Membership No. FCS 2969 and CP No. 6032), and failing him Mr. Udaya Kumar K R, Partner (Membership No. F11533 and CP No. 21973), of M/s. V. Suresh Associates, Practising Company Secretaries, Chennai, as the Scrutinizer to conduct the postal ballot process.

Additional Considerations

The resolution also seeks approval for the continuation of Mr. Ganesan's directorship beyond the age of 75 years, as required under Regulation 17(1A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board considers his continued service to be in the interest of the company, given his experience and contributions during his current tenure.

Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date and have registered email addresses will receive the postal ballot notice electronically. The notice is also available on the company's website at www.neelamalaiagro.com .

Neelamalai Agro Industries Limited has informed the stock exchanges about receiving an assessment order from the Income Tax Department regarding disallowance of certain exemption claims. The company made this disclosure under Regulation 30 of SEBI LODR on February 24, 2026.

Income Tax Assessment Details

The Assessment Unit of the Income Tax Department issued an order under Section 143(3) of the Income Tax Act, 1961, which the company received on February 23, 2026. The order specifically relates to the disallowance of exemption claimed on the sale of agricultural land.

Financial Implications

The company has disclosed expected financial implications of Rs.4.97 crores, excluding applicable interest and penalty, if any. This amount represents the potential tax liability arising from the disallowance of the agricultural land sale exemption worth Rs.17.70 crores.

Company's Response Strategy

Neelamalai Agro Industries has outlined its plan to address the assessment order. The company stated it will consult with tax consultants and advisors to file an appeal with the appropriate Income Tax authority within the prescribed timelines. This approach indicates the company's intention to challenge the disallowance through proper legal channels.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of SEBI LODR, specifically under Part A Para B.8 Schedule III. The company has declared that all information provided is true, correct, and complete to the best of their knowledge and belief, as required under Regulation 30(13) of SEBI LODR and the SEBI Master Circular dated January 30, 2026.

Key Disclosure Summary

The company has confirmed there are no other relevant details beyond those disclosed in the formal communication to the stock exchanges.