Godha Cabcon & Insulation Limited has informed the Exchange regarding Notice of Postal Ballot
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Godha Cabcon & Insulation Limited has sent a Postal Ballot Notice to shareholders seeking approval for 8 resolutions through remote e-voting from July 10 to August 8, 2025. Key items include the appointment of Mr. Tatagata Sarkar as Managing Director for 5 years at Rs. 6 lakh per annum, appointment of 4 additional directors (2 non-executive non-independent and 2 independent), and appointment of M/s S C Somani and Associates as new statutory auditor to fill the casual vacancy caused by the resignation of M/s Parin Patwari & Co. The company is also seeking shareholder approval to change its name from 'Godha Cabcon & Insulation Limited' to 'Auri Grow India Limited' and amend its MOA/AOA accordingly. The new MD, Mr. Sarkar, has a hospitality/hotel administration background and is not related to any existing directors.
The name change suggests a potential strategic shift or rebranding away from the current cable and insulation business. Shareholders should note the auditor change (mid-term replacement) and the appointment of a new MD from outside the existing business, both of which may signal a new direction for the company.