Gokul Agro Resources Limited has informed the Exchange regarding 'Clarification letter w.r.t. our previous subsmission dated August 12 2025'.
GOKULAGRO · price
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Gokul Agro Resources has corrected a typographical error in its earlier August 12, 2025 filing regarding the issue of sweat equity shares to two promoter-directors. The fair value per share was revised from Rs. 303.56 to Rs. 304.70, based on a valuation report from Corporate Professionals Capital Private Limited. Under the original plan, 10,00,000 sweat equity shares will be issued to Chairman and Managing Director Kanubhai Jivatram Thakkar and 8,00,000 shares to Joint Managing Director Jayesh Kanubhai Thakkar, in tranches across FY26 and FY27, as non-cash compensation for their contributions. The combined transaction represents about 0.27% of the company's annual consolidated turnover, and all other details from the prior submission remain unchanged.
Minor correction with no change to the substance of the sweat equity issuance or shareholder value; existing shareholders will see a slight dilution when the shares are allotted, but the transaction is small relative to turnover.