Scrutinizer''s Report for the Postal Ballot dated 05-01-2026
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Galaxy Cloud Kitchens Limited (BSE: 506186) conducted a postal ballot via remote e-voting from December 5, 2025 to January 3, 2026, seeking shareholder approval for two special resolutions. Both resolutions were approved with overwhelming majority (99.9999% in favour). The first resolution approves changing the company name from 'Galaxy Cloud Kitchens Limited' to 'Galaxy Supermarket Limited'. The second resolution approves altering the Objects Clause of the Memorandum of Association to reflect the new business direction. Out of 4,324 shareholders on the record date (November 28, 2025), shareholders representing 21,643,912 out of 49,777,674 total shares (43.48%) cast their votes. Promoters voted entirely in favour (14,197,910 shares), while public non-institutional shareholders also voted nearly unanimously in favour (7,445,975 out of 7,446,002 polled shares, with just 27 shares against). The scrutinizer, Mr. Amit Samani of M/s Amit Samani & Co., submitted his report on January 5, 2026 confirming the results.
The name change and alteration of objects clause signal a strategic pivot or expansion from cloud kitchens into the supermarket/grocery retail business, giving the company wider operational flexibility. With near-unanimous shareholder backing, there are no governance roadblocks, but investors should watch for further clarity on the new business model, capital allocation, and execution strategy in upcoming disclosures.