Meeting Details

The 42nd Annual General Meeting of Neuland Laboratories Limited will be held on August 4, 2026, at 10:00 A.M. (IST) through Video Conferencing/Other Audio-Visual Means. The registered office at 11th Floor, Phoenix IVY Building, Plot No.573A-III, Road No. 82, Jubilee Hills, Hyderabad-500033 shall be deemed as the venue.

Ordinary Business Agenda

1. Financial Statements Adoption

  • To receive, consider and adopt Audited Financial Statements for FY ended March 31, 2026
  • To receive, consider and adopt Audited Consolidated Financial Statements for FY ended March 31, 2026
  • Includes reports of Board of Directors and Auditors

2. Dividend Declaration

  • To declare final dividend of ₹34 per equity share (340%) of face value ₹10 each for FY 2025-26
  • Dividend recommended by Board of Directors
  • Record date: July 24, 2026
  • Payment date: On or after August 11, 2026

3. Director Re-appointment

  • To appoint Dr. Davuluri Rama Mohan Rao (DIN: 00107737) who retires by rotation
  • Director is eligible and offers himself for re-appointment

Special Business Agenda

4. Commission to Non-executive Directors

  • Payment of commission not exceeding 1% per annum of net profits to Non-Executive Directors
  • In addition to sitting fees for Board/Committee meetings
  • For period of five years commencing from FY 2026-27
  • Requires approval under Sections 197 of Companies Act, 2013

5. Appointment of Dr. Mauricio Futran

  • Appointment of Dr. Mauricio Futran (DIN: 11699767) as Non-Executive Non-Independent Director
  • Effective from May 12, 2026
  • Liable to retire by rotation
  • PhD Chemical Engineer with 40+ years experience at Merck & Co., Bristol-Myers Squibb, Johnson & Johnson
  • Member of National Academy of Engineering
  • Expertise in Quality by Design, process modeling, advanced manufacturing
  • Previously associated as member of Scientific Advisory Board and Technical Consultant
  • Appointment follows demise of Dr. Christopher M. Cimarusti

6. Professional Fees to Dr. Mauricio Futran

  • Payment of professional fees for five years from May 12, 2026
  • Fee structure:
  • USD 10,000 per year for Scientific Advisory Board role
  • USD 21,000 per year retainer for advisory services (covering 60 hours per year)
  • USD 350 per hour for hours beyond 60 hours per year/technical consulting
  • Business class travel, boarding, stay in India organized and paid by Company
  • Other incidental expenses reimbursed based on actuals
  • Board authorized to revise terms within overall limits
  • Constitutes related party transaction under Section 188 of Companies Act
  • Estimated at less than 0.05% of annual consolidated turnover

7. Ratification of Cost Auditors Remuneration

  • Ratification of remuneration of ₹4,00,000 plus applicable taxes and out-of-pocket expenses
  • Payable to M/s. Nageswara Rao & Co., Cost Accountants (Registration No. 000332)
  • For auditing cost records for FY ending March 31, 2027

Voting Information

Remote e-Voting

  • Period: August 1, 2026 (9:00 AM IST) to August 3, 2026 (5:00 PM IST)
  • Cut-off date: July 28, 2026
  • Facilitated by National Securities Depository Limited (NSDL)
  • Members can vote through demat accounts or physical shareholding

Virtual Meeting Access

  • VC/OAVM facility available 30 minutes before meeting
  • Members can join through NSDL e-Voting system
  • Registration required for speaking during meeting by July 31, 2026

Scrutinizer Appointment

  • Mr. D. Hanumanta Raju or Ms. Shaik Razia appointed as Scrutinizer
  • Partners, D. Hanumanta Raju & Co., Practising Company Secretaries, Hyderabad

Dividend Tax Information

  • Dividend income taxable with TDS applicable
  • Different rates based on residential status, PAN availability, tax treaty benefits
  • Company sent separate communication on June 12, 2026 regarding tax rates
  • Members must provide documents to KFintech for appropriate TDS determination

Document Availability

  • Notice and Integrated Annual Report available on company website: www.neulandlabs.com
  • Also available on BSE, NSE, and NSDL websites
  • Statutory registers available for electronic inspection until AGM date

Additional Notes

  • Members holding physical shares encouraged to dematerialize
  • SEBI circular mandates PAN, KYC, nomination details for physical folios
  • Unclaimed dividends for 7 years transferred to Investor Education and Protection Fund
  • Email registration required for electronic communication

#Tags: #NeulandLaboratories #AGM #Dividend #DirectorAppointment #SEBIDisclosure #CorporateGovernance #Neutral