Announced Mon, 30 Mar · 17:19 IST

Notice of Postal Ballot

Board & Shareholder Meetings View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+5.8%1-day move
₹59.51
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+5.8+1.0-1.5-0.9-0.1-0.0+2.5+5.1+12.6+20.6
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AI summary

Gabion Technologies India Ltd has issued a postal ballot notice to seek shareholder approval for the appointment of M/s. Vipin Aggarwal Kudsia & Associates (FRN: 009771N) as the new Statutory Auditor of the company. This appointment is to fill the casual vacancy created by the resignation of the previous auditor, M/s. SVJ & Company (FRN: 020356C), effective January 30, 2026. The new auditor will conduct the audit for FY 2025-2026 and will hold office until the conclusion of the next Annual General Meeting. Voting through remote e-voting (via NSDL) and physical ballot opens on April 1, 2026 at 9:00 AM and closes on April 30, 2026 at 5:00 PM, with the cut-off date for eligibility being March 27, 2026. Results are expected to be announced on or before May 2, 2026. Only one ordinary resolution is on the ballot, and no related party transactions or other special business items are included.

Likely market impact

This is a routine governance update with no direct impact on share price or shareholder value. The change of auditor mid-year due to resignation is procedural and was already approved by the Board on March 19, 2026 — shareholders are now being asked to ratify the appointment. Eligible shareholders should cast their votes before the April 30, 2026 deadline.