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Gala Global Products held an Extra-Ordinary General Meeting on May 10, 2025, where two resolutions were passed. The first was the appointment of M/s. R B Gohil & Co. (FRN: 119360W) as Statutory Auditor to fill a casual vacancy, passed as an Ordinary Resolution with 95.60% of votes polled in favor. The second was the regularization of Mr. Yagnik Kishorbhai Movaliya (DIN: 10937659) as a Non-Executive Independent Director for a 5-year term, passed as a Special Resolution also with 95.60% support. Out of 37,461 shareholders on record date, only 36 attended via video conferencing (1 promoter and 35 public). The promoter group holding 79,220 shares did not participate in voting. Of the 7,155 votes polled from public non-institutional shareholders, 6,840 were in favor and 315 against across both resolutions, with no invalid votes.
Both resolutions were comfortably approved, indicating broad shareholder agreement on governance changes including the appointment of a new auditor and a new independent director. However, extremely low voting turnout (7,155 votes out of over 5.45 crore shares outstanding) and zero promoter participation mean the results reflect only a small fraction of the shareholder base.