Key Resolutions and Quantitative Figures

Resolution 1: Re-appointment of Mrs. Bharati Palkar

  • Director: Mrs. Bharati Vijay Palkar (DIN: 00136185)
  • Role: Whole-Time Director
  • Term: 20th July, 2026 to 19th July, 2029 (3 years)
  • Remuneration: Not exceeding ₹3,00,00,000 per annum
  • Current Remuneration (FY 25-26): ₹1,20,00,000
  • Age: 72 years
  • First Appointment: July 1, 1997
  • Shares Held: 52,24,204 equity shares

Resolution 2: Remuneration Increase for Mr. Vijay Palkar

  • Director: Mr. Vijay Palkar (DIN: 00136027)
  • Role: Managing Director & Chief Executive Officer
  • Period: April 1, 2026 to March 31, 2027
  • Proposed Remuneration: Not exceeding ₹3,00,00,000 per annum
  • Current Remuneration (FY 25-26): ₹2,00,00,000
  • Age: 73 years
  • First Appointment: December 17, 1992
  • Shares Held: 75,19,168 equity shares

Resolution 3: Remuneration Increase for Mr. Rahul Palkar

  • Director: Mr. Rahul Vijay Palkar (DIN: 00325590)
  • Role: Joint Managing Director
  • Period: April 1, 2026 to August 4, 2028
  • Proposed Remuneration: Not exceeding ₹3,00,00,000 per annum
  • Current Remuneration (FY 25-26): ₹1,50,00,000
  • Age: 46 years
  • First Appointment: December 24, 2002
  • Shares Held: 7,10,108 equity shares

Resolution 4: Remuneration Increase for Mr. Saji Jose

  • Director: Mr. Saji Jose (DIN: 10650311)
  • Role: Whole-Time Director
  • Period: April 1, 2026 to May 31, 2027
  • Proposed Remuneration: Not exceeding ₹50,00,000 per annum
  • Current Remuneration (FY 25-26): ₹29,09,000
  • Age: 53 years
  • First Appointment: June 1, 2024
  • Shares Held: Nil

Dates and Timeline

  • Cut-off Date for Voting Eligibility: Friday, June 12, 2026
  • E-voting Commencement: Tuesday, June 16, 2026 at 09:00 a.m. IST
  • E-voting Conclusion: Wednesday, July 15, 2026 at 05:00 p.m. IST
  • Result Declaration: On or before Friday, July 17, 2026

Parties Involved

  • Registrar & Transfer Agent: Bigshare Services Private Limited
  • Scrutinizer: Mr. Vijay Yadav (Certificate of Practice No: 16806), Partner of AVS & Associates
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Limited
  • Depositories: CDSL and NSDL

Financial and Operational Context

The explanatory statement provides financial performance data for context:

Standalone Financials (₹ in Lakh)

| Particulars | FY 23-24 | FY 24-25 | FY 25-26 |

| Total Income | 94,002.26 | 107,143.28 | 1,14,641.53 |

| Total Expenses | 88,048.77 | 98,955.79 | 1,04,093.06 |

| Profit Before Tax | 5,953.49 | 8,187.49 | 10,548.47 |

| Profit After Tax | 4,449.34 | 6,139.99 | 7,976.64 |

Consolidated Financials (₹ in Lakh)

| Particulars | FY 23-24 | FY 24-25 | FY 25-26 |

| Total Income | 95,915.55 | 1,09,390.80 | 1,18,822.98 |

| Total Expenses | 90,089.49 | 1,01,696.31 | 1,08,242.33 |

| Profit Before Tax | 5,826.05 | 7,694.49 | 10,610.66 |

| Profit After Tax | 4,297.36 | 5,589.54 | 7,932.56 |

The company has been in commercial production since 1993 and reported profits in FY 25-26.

Voting Process Details

The company is using NSDL's e-voting platform. Shareholders can vote:

  • Through NSDL IDeAS facility for NSDL demat holders
  • Through CDSL Easi/Easiest facility for CDSL demat holders
  • Through DP login credentials
  • Physical shareholders can register and vote through NSDL's platform

Additional Information

  • The notice is being sent electronically only to members with registered email addresses
  • The postal ballot notice is available on the company website: www.indoaminesltd.com
  • Members can inspect relevant documents by writing to shares@indoaminesltd.com
  • The scrutinizer will submit a report to the chairman after vote scrutiny

Relationships and Interests Disclosed

  • Mrs. Bharati Palkar is spouse of Mr. Vijay Palkar, mother of Mr. Rahul Palkar
  • Mr. Vijay Palkar is father of Mr. Rahul Palkar
  • Mr. Rahul Palkar is son of Mr. Vijay Palkar and Mrs. Bharati Palkar
  • Mr. Saji Jose has no disclosed relationships with other managerial personnel