Godha Cabcon & Insulation Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
AURIGROW · price
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Godha Cabcon & Insulation Limited (Symbol: GODHA) has submitted the results of its Postal Ballot, through which shareholders approved all 8 resolutions with overwhelming majority. Key resolutions include the change of the company's name to 'Auri Grow India Limited' and consequent alterations to the MOA/AOA, appointment of Mr. Tatagata Sarkar as Managing Director (Executive) for 5 years, appointment of 5 new directors including 3 Independent Directors (Mr. Brijeshkumar Patel, Mrs. Rupinder Oberoi, Mr. Swami Dhanrajpuri Jayendrapuri) and 2 Non-Executive Non-Independent Directors (Mr. Pratik Patel, Mr. Hardik Kumar), and appointment of M/s. S C Somani and Associates as Statutory Auditor. Out of 1,99,827 members notified, only 216 members cast votes via remote e-voting, representing 545,716,661 equity shares or about 36.97% of total outstanding shares of 1,476,240,000. All resolutions passed with over 99.99% votes in favour — notably, no promoter or institutional shareholders participated in the voting.
The near-unanimous approval formalizes a significant corporate restructuring, including a new corporate identity (Auri Grow India Limited), a new Managing Director, and a largely revamped board with multiple new Independent Directors. Shareholders should expect the new name to take effect on the stock exchange shortly, while the low promoter/institutional participation may warrant monitoring for any future governance signals.