Gokul Agro Resources Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 12, 2025
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Gokul Agro Resources has called its 11th AGM for September 12, 2025 at 12:30 PM via video conference to seek shareholder approval on 12 items. Ordinary business includes adoption of FY25 audited standalone and consolidated financial statements, re-appointment of CEO & Whole Time Director Mr. Hiteshkumar Tarachand Thakkar (who retires by rotation), and appointment of M/s Pipara & Co LLP as statutory auditors for 5 years (till 16th AGM) at an annual fee of ₹31 lakhs. Special business includes ratifying cost auditor remuneration of ₹65,000 for FY26, appointing M/s Chirag Shah and Associates as secretarial auditor for 5 years (FY26–FY30), issuing 18 lakh sweat equity shares to promoter directors (10 lakh to CMD Kanubhai Thakkar and 8 lakh to JMD Jayesh Thakkar) at ₹304.70 per share, revising CEO remuneration to ₹17 lakh per month for 3 years, approving a new ESOP Plan 2025 covering 28 lakh equity shares, and a stock split from face value ₹2 to ₹1. The cut-off date for e-voting eligibility is September 5, 2025, with NSDL providing the e-voting facility.
Shareholders are being asked to approve potential equity dilution through sweat shares to promoters and a fresh ESOP pool, plus a stock split that should improve share affordability and liquidity. Higher CEO pay and promoter sweat equity at ₹304.70 per share will also require shareholder sign-off, with the stock split and authorized capital increase to ₹80 crore providing headroom for future issuances.