Key Resolution

  • Item No. 1: Re-appointment of Mr. Yogesh Kantilal Varia (DIN: 09186184) as a Non-Executive Independent Director for a second term of 5 years effective from May 28, 2026 to May 27, 2031

Calendar of Events

  • Cut-off Date for E-voting rights: July 03, 2026 (Friday)
  • Date of completion of dispatch of Postal Ballot Notice: July 08, 2026 (Wednesday)
  • Publication of Notice in Newspaper: July 09, 2026 (Thursday)
  • Date of Commencement of E-Voting: July 10, 2026 (Friday) at 9:00 AM IST
  • Last date for e-voting: August 08, 2026 (Saturday) at 5:00 PM IST
  • Date of Declaration of Results: On or before August 10, 2026 (Monday)

Voting Details

Voting rights are proportional to shares held as of the cut-off date July 03, 2026. The company engaged MUFG Intime India Pvt. Ltd. for providing e-voting facility. The postal ballot notice was emailed to all members with registered email addresses as of July 03, 2026.

Director Particulars

Mr. Yogesh Kantilal Varia (DIN: 09186184):

  • Date of Birth: June 02, 1954 (72 years)
  • Occupation: Director
  • Qualification: Bachelor of Science (BSc)
  • Experience: 40+ years in pharmaceutical and cosmetics manufacturing
  • Current Shareholding: Nil
  • Remuneration: Sitting fees as per Companies Act, 2013 provisions
  • Previous Term: First appointed on May 28, 2021
  • Board Meetings attended in FY 2026-2027: 1 meeting

Scrutinizer Appointment

The Board appointed Mr. Hemant Shetye (Membership No.: F2827, COP No.: 1483), or failing him Mr. Kunal Sakpal (Membership No.: A75123, COP No.: 27860), Designated Partners of HSPN & Associates LLP, as scrutinizer for conducting the postal ballot and e-voting process.

Document Availability

The postal ballot notice is available on the company's website https://www.naxparlab.com and MUFG intime website at https://in.mpms.mufg.com/

Director Declaration

Mr. Varia has submitted:

  • Letter of consent in Form DIR-2
  • Letter of intimation in Form DIR-8 confirming no disqualification
  • Declaration of Independence under Section 149(6) of Companies Act, 2013

Board Recommendation

The Nomination and Remuneration Committee recommended the re-appointment based on performance evaluation. The Board believes Mr. Varia meets all conditions specified in the Act, Rules, and Listing Regulations for appointment as Non-Executive Independent Director.

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