Outcome and Proceedings of 31st Annual General Meeting of the Company held on September 24, 2025.
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Gallops Enterprise Limited held its 31st AGM on September 24, 2025 via video conferencing on Zoom, running from 3:00 PM to 3:14 PM. Mr. Balram Padhiyar chaired the meeting in his capacity as Managing Director, and remote e-voting was available from September 21 to September 23 via NSDL. Four resolutions were tabled: (1) adoption of audited financial statements for FY ending March 31, 2025, (2) re-appointment of Ms. Pooja Patel (DIN: 02233585) as director retiring by rotation, (3) appointment of M/s. ALAP & Co. LLP as Secretarial Auditor for 5 years, and (4) re-appointment of Mr. Balram Padhiyar (DIN: 01812132) as Managing Director (special resolution). The Chairman disclosed the company posted a net loss of about INR 17.63 lakhs for the year under review, compared to a profit of INR 0.60 lakhs in the previous year, and mentioned plans to bring in projects from group companies (N.G. Group, a Gujarat-based real estate developer with over 50 million sq. ft. developed). Voting results are pending the scrutinizer's report, to be declared within 48 hours.
The AGM was procedurally routine and very short (14 minutes) with no shareholder questions raised. The disclosed net loss of INR 17.63 lakhs versus a prior-year profit is a mild negative signal, but the mention of plans to divert group real estate projects into the company could be a future growth catalyst. Investors should wait for the scrutinizer's report for the final voting outcome on the resolutions.