AGM results: all 6 resolutions passed; authorized capital to rise to Rs 85 cr
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Ganga Forging's 38th AGM on Sep 26, 2026 saw all 6 resolutions pass with over 99.8 percent votes in favor. Key items: adoption of FY26 audited financials, re-appointment of MD Rakesh Patel and independent director Nayankumar Virparia, and increase in authorized share capital from Rs 35 cr to Rs 85 cr. Resolutions 3, 5 and 6 were special resolutions. Voting was via remote e-voting and ballot papers; of 70,787 shareholders on record, 53 cast votes.
All resolutions approved with near-unanimous support. Authorized capital hike from Rs 35 cr to Rs 85 cr signals fundraising or growth plans ahead.