Proceeding of 05th Annual General Meeting of the Company held on September 29, 2025
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GB Logistics Commerce Limited held its 5th AGM on September 29, 2025 at 3:00 PM in Nagpur, concluding at 3:39 PM, chaired by Mr. Prashant Lakhani. Five resolutions were tabled: (1) adoption of audited financial statements for FY ended March 31, 2025; (2) re-appointment of Mr. Kashyap Budhaji Pakhide (DIN: 10299170) as director retiring by rotation; (3) appointment of M/s. VRG & Associates as secretarial auditor for 5 years; (4) a special resolution to allow investments, loans, guarantees and security beyond Section 186 limits; and (5) approval of overall borrowing limits under Section 180(1)(c) of the Companies Act, 2013. Remote e-voting was conducted via NSDL from September 26 to September 28, 2025. Independent Director Mr. Dinesh Chander Notiyal was absent due to prior commitments. Voting results and the scrutinizer's report will be announced within 48 hours.
The resolutions are largely routine compliance items, but the special resolution expanding Section 186 investment/loan limits and the borrowing limit approval under Section 180(1)(c) give the company greater financial flexibility going forward. Voting outcomes are still awaited and could influence short-term sentiment.