Gautam Exim Ltd. Announces Board Decisions Including Share Sub-division and Bonus Issue
Gautam Exim Ltd. announced on March 28, 2026, that its Board of Directors met on Saturday, March 28, 2026, from 4:00 P.M. to 5:30 P.M.Share Sub-division
The Board approved the sub-division of Equity Shares from a face value of Rs. 10 to Rs. 5, subject to shareholder approval.
| Particulars | Pre Split | Post Split |
|---|---|---|
| Authorised Shares | 10,00,000 | 1,00,00,000 |
| Face Value | Rs.10 | Rs.5 |
| Authorised Capital | Rs.5,00,00,000 | Rs.5,00,00,000 |
| Paid up Shares | 10,81,000 | 51,62,000 |
| Paid up Capital | Rs.3,08,10,000 | Rs.3,08,10,000 |
A record date for the share split will be announced later.
Increase in Authorised Share Capital
The Board approved an increase in the authorized capital from Rs. 5 Crore to Rs. 13 Crore, divided into 2,60,00,000 equity shares of Rs. 5 each, subject to shareholder approval. This increase is intended to accommodate a potential bonus issue.
Alteration of Memorandum of Association (MOA)
The Board approved alterations to the Capital Clause of the MOA, pending shareholder approval.
Bonus Issue Approval
The Board approved a bonus issue in the ratio of 3 Equity Shares of Rs. 5 each for every 1 Equity Share of Rs. 5 each (post-split basis), subject to shareholder approval, a share split, an increase in authorized capital, and regulatory approvals. The record date will be decided later.
Capitalization of Reserves
The Board approved the capitalization of free reserves and securities premium for the bonus issue.
Extraordinary General Meeting (EGM)
The Board approved convening an EGM to address the share split, increase in authorized capital, MOA alteration, and bonus issue. The EGM is scheduled for April 3, 2026, April 7, 2026, and April 9, 2026.
EGM Authorization
The Board authorized Mr. Rajkumar Agrawal, Director, and Mr. Vishad Jaiswal, Company Secretary & Compliance Officer, to dispatch the EGM notice, arrange for e-voting, obtain reports from NSDL/CDSL, appoint a scrutinizer, file ROC forms, publish newspaper advertisements, file BSE disclosures, and complete all related corporate actions.
Appointment of Scrutinizer
M/s Varun Bhomia & Co., Practicing Company Secretaries, was appointed as the scrutinizer for e-voting.
Regulatory Authorizations
The Board authorized the Director and CS to complete ROC filings, depositor/compliance matters, BSE filings, corporate actions, and listing compliance.
Appointment of Secretarial Auditor
M/s Varun Bhomia & Co., Practicing Company Secretaries, was approved as the Secretarial Auditor for FY 2025-26, pending approval by the members in the General Meeting.
Rajkumar Agrawal, Director, DIN: 11129059, signed the announcement.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.