Proceedings of EGM of Gogia Capital Growth Limited, held on 23 May 2025
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Gogia Capital Growth Limited held an Extra Ordinary General Meeting (EGM) on Friday, May 23, 2025, at 11:30 AM through video conferencing. Two special business items were voted on by members via remote e-voting and electronic voting. The first resolution sought retrospective approval of a related party transaction involving Managing Director Mr. Satish Gogia and Ms. Monica Gogia. The second resolution sought approval of a Chartered Accountant certificate under Regulation 45(3) of SEBI's Listing Obligations and Disclosure Requirements (LODR) regulations. The meeting was chaired by Independent Director Ms. Aanal Mehta, had the required quorum throughout, and concluded at 11:57 AM. Voting results were to be announced separately by the scrutinizer, M/s Arpit Garg & Associates.
The retrospective approval of related party transactions with the MD may raise governance concerns for minority shareholders, as it suggests such transactions were executed without prior shareholder consent. Shareholders should watch for the voting results and scrutinizer's report to assess how members responded.