Gopal Iron & Steels Announces Outcomes of Shareholder Postal Ballot and E-Voting

Gopal Iron & Steels Announces Outcomes of Shareholder Postal Ballot and E-Voting​

Gopal Iron & Steels Company Gujarat Ltd announced the results of shareholder resolutions passed via Postal Ballot and E-voting on April 5, 2026. The voting process covered multiple corporate actions, including changes to the company's foundational documents and board appointments.

The shareholder vote addressed several key resolutions. Among the resolutions passed were proposals to adopt a new Memorandum of Association (MOA) and Articles of Association (AOA) in accordance with the Companies Act, 2013, along with the alteration of the company's Main Object Clause in the MOA. Furthermore, shareholders voted on changing the name of the Company and the subsequent alterations to the MOA and AOA.

Operational changes considered by the shareholders included the potential shifting of the registered office outside the current city, town, or village, while remaining within the same state and under the same Registrar of Companies. The resolutions also covered increasing the authorized share capital of the company and altering Clause V of the Memorandum of Association.

The board also addressed executive and director appointments. The resolutions included:

• The appointment of Mr. Nirav Shantilal Thakkar (DIN: 11384483) as Managing Director.
• The appointment of Mr. Harshil Chandreshbhai Patni (DIN: 10778501) as Non-Executive NonIndependent Director.
• The appointment of Mr. Ankitkumar Surendrakumar Agrawal (DIN: 10118085) as Non-Executive Independent Director.
• The appointment of Mrs. Ritaben Kiranbhai Barot (DIN: 11583072) as Non-Executive NonIndependent Director.

In terms of financial capacity, the company sought approval to increase its borrowing limit as per Section 180(1)(C) of the Companies Act, 2013, and to increase the limit under Section 186 of the Companies Act, 2013.

The company confirmed that voting on all resolutions was conducted through both e-voting and Postal ballot.

Gopal Iron & Steels Company Gujarat Ltd shares closed at 14.25 as of Thursday, showing a 4.93% rise from the previous close. The share moved within a range of 12.92 to 14.25 during the trading session.

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