Notice of ensuing EGM to be held on 23 May 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gogia Capital Growth Ltd has called an EGM on May 23, 2025 at 11:30 AM via video conferencing, with e-voting open from May 20-22, 2025 (cut-off date May 16, 2025). The first resolution seeks retrospective shareholder approval for a related party transaction where promoters Mr. Satish Gogia and Mrs. Monica Gogia jointly waived Rs. 13.72 Crores owed to them by the company, vide a letter dated February 19, 2025 (Audit Committee approved Feb 14, 2025; Board approved March 18, 2025). The second resolution seeks retrospective approval of a Chartered Accountant's Certificate under SEBI LODR Regulation 45(3), which was originally furnished at the EGM held on November 8, 2024, in connection with the company's name change from Gogia Capital Services Limited to Gogia Capital Growth Limited.
The Rs. 13.72 Crore promoter waiver is a positive signal — it effectively strengthens the company's net worth without any cash obligation or equity dilution for shareholders. However, the fact that both items require retrospective approval suggests prior procedural lapses in regulatory compliance, which shareholders should note, though the underlying transactions are favourable to minority holders.