In accordance with the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith summary of proceedings ....
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Gleam Fabmat Limited (BSE: 542477) held its 7th Annual General Meeting on November 29, 2025, via video conferencing from 3:35 PM to 4:00 PM, with 17 members in attendance. Eight resolutions were tabled: three ordinary business items covering adoption of FY2025 audited financials, reappointment of Ms. Pushpa Gupta (DIN: 05123161) as director by rotation, and appointment of M/s. Kapish Jain and Associates as statutory auditors. Five special business items included regularization of Mr. Mayabhai Bhikhabhai Kotar as director, alteration of the registered office clause of the Memorandum of Association, a proposed change in the company's name with consequential changes to MOA/AOA, and approvals under Sections 186 and 185 of the Companies Act, 2013 for loans, guarantees, and investments including to related parties. Two independent directors, Mr. Ankit Rastogi and Mr. Kapil Sharma, were absent. Voting results are to be announced within two working days.
The most material items for shareholders are the proposed change of company name, alteration of registered office clause, and broadened approvals under Sections 185 and 186, which give the board wider latitude to lend to and invest through related parties. These require careful attention when the voting results are published. Combining CFO and Managing Director roles (Mr. Amit Gupta) and the absence of two independent directors are governance points investors may want to flag.