Galaxy seeks approval for MD’s daughter’sUS role and board appointment

Galaxy Surfactants is seeking shareholder approval for the employment of managing director K. Natarajan’s daughter at its US subsidiary, alongside the appointment of former executive Uday Kamat as a non-executive, non-independent director.

The postal-ballot notice proposes a three-year term for Namrata Natarajan at Galaxy Surfactants Americas, effective August 24, 2026. Her designated role is Associate Manager–People Energy, with total remuneration capped at US$160,000 annually, including salary, bonus, benefits and statutory contributions.

The explanatory statement says shareholder approval is needed because the remuneration exceeds the prescribed Section 188 limits. The audit committee and board approved the appointment on August 13, subject to shareholder consent. K. Natarajan and interested relatives or related parties are not entitled to vote in favour of this resolution.

The notice identifies her psychology qualifications and two years of prior work experience, together with US internships. The proposed package is an overall ceiling, rather than a statement that the entire maximum has already been paid.

The second ordinary resolution concerns Kamat, appointed as an additional director effective October 5. He previously served as executive director, later as non-executive director, and as overseas-business strategic adviser until May 2025. His proposed directorship is liable to retirement by rotation.

Kamat’s disclosed holding is 33,000 shares, including 3,000 jointly held with his wife; a further jointly held position is separately identified for her.

Remote voting runs from October 19 at 09:00 to November 17 at 17:00, using October 9 as the ownership cutoff. The notice seeks consent for both appointments; it does not report a completed shareholder vote.