Please see attached outcome of the Board Meeting
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Awaiting price reaction for this filing.
The board approved re-appointments of five directors: Mr. Jagdish Chandra Gadiya (Non-Executive, retiring by rotation), Ms. Vandana Pramod Gadiya (Executive Director), and three Independent Directors (Harish Sharma, Navneet Sharma, Nikhil Kumar Tank). A new Secretarial Auditor, M/s. Nidhi Bajaj & Associates, was appointed for a five-year term (FY26–FY30), and M/s. B.B. Gagrani & Co. was appointed as Internal Auditor for FY26. The board approved raising the borrowing limit up to Rs. 50 crore under Section 180(1)(c), subject to shareholder approval at the upcoming 35th AGM. Revisions in remuneration for Managing Director Pramod Kumar Gadiya and Executive Director Vandana Gadiya were also approved, pending shareholder approval. The board cleared the FY25 Board's Report and fixed the date for the 35th AGM.
This is a routine housekeeping filing — all director changes are re-appointments, not new entries or exits. The proposed increase in borrowing limit to Rs. 50 crore hints at possible future expansion or debt-raising plans and will require a shareholder vote. Remuneration revisions for the promoter-family directors (Gadiyas) also need shareholder nod, so retail investors should watch the AGM outcome closely.