Proceeding of 31st Annual General Meeting of the Company held on September 29, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Galaxy Agrico Exports held its 31st AGM on September 29, 2025 (remote e-voting ran September 26–28). Seven resolutions were put to vote through e-voting and ballot papers, covering routine items like adoption of FY25 audited financial statements, reappointment of director Mr. Sanjay Jayantilal Patel (DIN 01632620), reappointment of statutory auditors, and appointment of a secretarial auditor. More notably, a Special Resolution was passed approving a slump sale of the business under Section 180(1)(a) of the Companies Act and Regulation 37A of SEBI LODR. The company also secured enhanced borrowing limits under Section 180(1)(c) and broader powers under Section 186 to make investments, give loans, guarantees, and provide security beyond existing thresholds.
The slump sale approval is a material development — shareholders have greenlit the board to sell the company's business as a going concern, which could lead to a major change in operations or ownership structure. Higher borrowing and investment limits give management greater financial flexibility. Shareholders should watch for the next announcement detailing the slump sale terms.