Syngene shareholders approve director appointments and incentive plan changes

Syngene International (BSE: SYNGENE) announced the successful passage of all resolutions presented to shareholders via postal ballot, including the appointment of Mr. Peter Bains as Managing Director and CEO, with managerial remuneration capped at 7% of net profits. Dr. Sanjaya Singh and Mr. Suresh Narayanan were also approved as Independent Directors. Furthermore, shareholders approved amendments, including increasing the share pool, to the Syngene Long Term Incentive Performance Share Plan 2023 and extending the benefits to employees of holding companies and subsidiaries. The voting results indicate strong shareholder support, with the vast majority of votes cast in favor of each resolution. According to the announcement, these resolutions passed with the requisite majority and further details of the voting are available on the company's website, www.syngeneintl.com and https://evoting.kfintech.com.