ANNUAL REPORT FOR THE YEAR 2024-25 UNDER REGULATION 34 (1) OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS 2015.
Awaiting price reaction for this filing.
Gopal Iron and Steels Company (Gujarat) Limited (BSE Scrip Code: 531913) has filed its Annual Report for FY 2024-25 with BSE as required under SEBI LODR regulations. The company's 31st Annual General Meeting is scheduled for Thursday, 25th September 2025 at 3:00 PM via video conferencing. Ordinary business includes adoption of FY25 financial statements and re-appointment of Managing Director Mrs. Kundanben Patel, who retires by rotation. Special business includes the appointment of M/s. A. Shah & Associates as Secretarial Auditor for a 5-year term (FY26 to FY30), and shareholder approval for a related party transaction with Harigopal Steels & Metals Private Limited capped at Rs. 5 crores for FY26, involving purchase and sale of goods on an arm's length basis.
The Rs. 5 crore related party transaction with Harigopal Steels & Metals warrants close attention as the company's Managing Director (Mrs. Kundanben Patel) and CFO (Mr. Baldevbhai Patel) are common directors in that entity, creating a potential conflict-of-interest scenario shareholders should evaluate. The re-appointment of the MD and a new 5-year secretarial auditor appointment are routine governance items.