Gala Precision Engineering Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 15, 2025
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The 17th AGM of Gala Precision Engineering Limited was held on July 15, 2025 via video conferencing, running a brief 22 minutes from 3:30 PM to 3:52 PM and chaired by Chairman & MD Mr. Kirit V. Gala. Nine resolutions were transacted, including adoption of the FY25 audited standalone and consolidated financial statements and the re-appointment of Mr. Kirit Gala as a director retiring by rotation. Special resolutions were tabled to fix the remuneration of the Chairman & MD and two Whole-time Directors (Mr. Balkishan Jalan and Mr. Satish Kotwani), and to re-appoint Independent Director Ms. Varsha Galvankar for a second 3-year term from November 30, 2025. The meeting also covered appointment of M/s D. M. Zaveri & Co. as Secretarial Auditors for 5 years, ratification of Cost Auditors' fees for FY26, and a related party transaction for Mr. Smeet Kirit Gala to hold an office/place of profit. Voting was conducted through remote e-voting (July 11–14) and e-voting during the meeting, with results to be intimated to the exchanges within two working days.
The AGM concluded smoothly with all routine and special business items tabled, but investors should track the e-voting results (expected within 2 days) especially for the special resolutions on promoter/executive remuneration and the related party transaction involving Mr. Smeet Kirit Gala, which require a higher 75% majority threshold under the new SEBI rules.