Intimation of proceedings of 2nd Annual General Meeting of members of the Company
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Gabriel Pet Straps Ltd (GPSL) held its 2nd AGM on September 30, 2025, from 4:00 PM to 5:35 PM at the registered office in Paddhari, Rajkot. The meeting was chaired by Managing Director & CFO Mr. Jay Pareshbhai Shah and was attended by 10 members representing 60.67% of shareholding (33,96,440 shares). Four resolutions were tabled: (1) adoption of audited financial statements for FY ending March 31, 2025 (ordinary), (2) re-appointment of Mr. Vimalbhai Dayabhai Varasada as director retiring by rotation (ordinary), (3) increase in limits for loans/investments/guarantees under Section 186 of the Companies Act (special), and (4) appointment of Mr. Shrenik Hitenbhai Vora as Independent Director for a 5-year term from October 1, 2025 to September 30, 2030 (special). Voting was conducted via ballot papers, with results to be declared within two working days and submitted to BSE.
Routine AGM proceedings with no material surprises. The re-appointment of an existing whole-time director maintains board continuity, while the new independent director addition strengthens board composition. The Section 186 limit increase gives the company more flexibility to extend loans or make investments, which could signal upcoming expansion or capital deployment plans.