Notice of Extra Ordinary General Meeting of the company to be held on 23/05/2025
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Awaiting price reaction for this filing.
Gogia Capital Growth Limited (formerly Gogia Capital Services Limited) has called an Extra Ordinary General Meeting 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). Two special business items require shareholder approval: (1) retrospective approval of a related party transaction in which promoters Mr. Satish Gogia and Mrs. Monica Gogia have jointly waived Rs. 13.72 Crores in favour of the company via a letter dated February 19, 2025 (already approved by the Audit Committee on Feb 14, 2025 and Board on March 18, 2025); and (2) retrospective approval of a Chartered Accountant's Certificate under SEBI LODR Regulation 45(3) related to the company's name change from Gogia Capital Services Limited to Gogia Capital Growth Limited, originally approved at the EGM held on November 8, 2024.
The Rs. 13.72 Crore promoter waiver is a positive signal as it strengthens the company's balance sheet with no repayment obligation, reflecting promoter confidence and support. The second item is purely procedural retrospective compliance regarding the recent name change and is unlikely to impact the stock price. Shareholders should review the waiver-related resolution carefully as it involves a related party transaction.