Intimation Under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 - Notice of Postal Ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
FGP Ltd has issued a Postal Ballot Notice to shareholders for voting on two items through remote e-voting (NSDL platform) between August 14, 2025 and September 12, 2025, with results to be announced by September 15, 2025. The first item is an Ordinary Resolution approving the remuneration of Ms. Shalu Sarraf as the new Company Secretary and Compliance Officer (effective September 15, 2025) at Rs. 10 lakh per annum — treated as a Material Related Party Transaction under SEBI Listing Regulations since the outgoing Company Secretary Mr. Avi Mundecha is classified as related. The second item is a Special Resolution to amend the Objects Clause of the Memorandum of Association to permit the company to enter the commodities trading business, including acting as trader, broker, importer, exporter, or market maker in commodities and commodity-linked derivatives. The cut-off date for identifying eligible voters is August 1, 2025.
Item 1 is routine governance with a small remuneration figure and unlikely to affect the stock. Item 2 is more material — it formally opens the door for FGP to diversify into commodities trading, which could change the company's business profile but brings execution and commodity-market risks. Watch the September 15 results for the shareholder verdict.