Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, enclosed please find the minutes of Postal Ballot of the Company. Kindly take the ....
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GKB Ophthalmics has shared the minutes of a Postal Ballot (e-voting held Oct 3 – Nov 1, 2025) in which shareholders approved two key resolutions with overwhelming majority. Resolution 1 (Ordinary, 99.84% in favour) approved a material related-party transaction involving the winding up of its 79.54%-owned material subsidiary, GSV Ophthalmics Private Limited. Resolution 2 (Special, 99.87% in favour) approved the voluntary winding up of GSV. GSV was set up to manufacture Hi-Index Lenses with a South Korean JV partner but never commenced operations due to COVID-19 disruptions and cost overruns. GKB had invested Rs. 11.70 crore as equity in GSV, which has been lying idle in bank fixed deposits. The transaction value is Rs. 15 crore, representing 13.76% of GKB's consolidated turnover. GSV also holds an unsecured loan of Rs. 5 crore given to GKB, which will be repaid during liquidation.
Shareholders should expect GKB to recover its idle Rs. 11.70 crore equity investment plus surplus, if any, and also receive Rs. 5 crore in loan repayment — funds will be used for general corporate purposes. The winding up is largely neutral on consolidated financials since GSV never operated, with the only minor impact being loss of 'other income' from interest on its fixed deposits.