News ArticleNeogen Chemicals Announces Postal Ballot to Approve Material Related Party Transactions with Subsidiaries
Shareholders to vote electronically from November 7 to December 6, 2026, on transactions with Neogen Morita New Materials Limited and Neogen Ionics Limited
Neogen Chemicals Limited announced postal ballot notice for shareholders to approve material related party transactions involving its subsidiaries Neogen Morita New Materials Limited and Neogen Ionics Limited. The e-voting period runs from November 7 to December 6, 2026, with results expected by December 8, 2026.
Neogen Chemicals Limited
Corporate Action
Neogen Chemicals Limited has issued a postal ballot notice seeking shareholder approval for material related party transactions between the company and its step-down subsidiary, Neogen Morita New Materials Limited, as well as between its wholly owned subsidiary, Neogen Ionics Limited, and Neogen Morita New Materials Limited. The approval process will be conducted exclusively through remote electronic voting.
The postal ballot process commences on Saturday, November 7, 2026, at 9:00 a.m. IST and closes on Sunday, December 6, 2026, at 5:00 p.m. IST.
Only shareholders registered by the cut-off date of November 5, 2026, with a registered email address will be eligible to cast votes electronically.
MUFG Intime India Private Limited has been appointed as the registrar and transfer agent to facilitate the e-voting process, while CS Devendra Deshpande from M/s. DVD & Associates is the appointed scrutinizer.
The voting results will be announced within two working days after the end of the e-voting period, expected by Tuesday, December 8, 2026, and will be made available on the company and stock exchange websites.
Highlights
- Postal ballot notice dated October 31, 2026, released on November 6, 2026.
- Material related party transactions involve Neogen Morita New Materials Limited, a step-down subsidiary.
- Related party transactions also involve Neogen Ionics Limited, a wholly owned subsidiary, with Neogen Morita New Materials Limited.
- E-voting period spans from November 7 to December 6, 2026.
- Only shareholders listed as of November 5, 2026, can vote via electronic means.
- Results to be disclosed by December 8, 2026, on company and exchange websites.
Key Data Snapshot
What happened
- Neogen Chemicals Limited announced a postal ballot notice to seek shareholder approval for material related party transactions with its subsidiaries.
- The resolutions cover transactions between the Company and Neogen Morita New Materials Limited, and between Neogen Ionics Limited and Neogen Morita New Materials Limited.
- Shareholder voting will be conducted electronically only, using a remote e-voting system.
Key details
- The voting period starts on November 7, 2026, at 9:00 a.m. IST and ends on December 6, 2026, at 5:00 p.m. IST.
- Only shareholders registered as of November 5, 2026, with registered email addresses are eligible to vote.
- MUFG Intime India Private Limited serves as the e-voting service provider.
- Scrutiny of the voting process is conducted by CS Devendra Deshpande of M/s. DVD & Associates.
- Voting results will be available on Neogen Chemicals’ website and stock exchanges (BSE and NSE) by December 8, 2026.
Regulatory and governance context
- The postal ballot notice complies with Sections 108 and 110 of the Companies Act, 2013, and related SEBI and Ministry of Corporate Affairs circulars.
- The process follows SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and applicable company law and secretarial standards.
- The restricted e-voting method aligns with circulars allowing electronic shareholder participation amid evolving corporate governance norms.
Highlights
- Postal ballot notice dated October 31, 2026, released on November 6, 2026.
- Material related party transactions involve Neogen Morita New Materials Limited, a step-down subsidiary.
- Related party transactions also involve Neogen Ionics Limited, a wholly owned subsidiary, with Neogen Morita New Materials Limited.
- E-voting period spans from November 7 to December 6, 2026.
- Only shareholders listed as of November 5, 2026, can vote via electronic means.
- Results to be disclosed by December 8, 2026, on company and exchange websites.
Disclosures
- Companies Act, 2013 Sections 108 and 110
- Companies (Management and Administration) Rules, 2014 Rules 20 and 22
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Ministry of Corporate Affairs Circulars No. 14/2020, 17/2020, 20/2020, 22/2020, 33/2020, 39/2020, 10/2021, 20/2021, 3/2022, 11/2022, 09/2023, 09/2024, 3/2025
- SEBI Circular SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024
Material related party transactions involve Neogen Morita New Materials Limited and Neogen Ionics Limited, both subsidiaries of Neogen Chemicals Limited.
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