Gopal Snacks Limited has informed the Exchange regarding Outcome of Board Meeting held on May 23, 2025.
GOPAL · price
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Awaiting price reaction for this filing.
Gopal Snacks' board met on May 23, 2025 and approved several housekeeping items. Mr. Pasumarthi Seshagiri Rao, Associate Vice President – Operations, resigned for personal reasons with his last working day set as June 2, 2025. The board appointed Haribhakti & Co. LLP as the Internal Auditor for FY 2025-26. It also recommended appointing S.K. Joshi & Associates as Secretarial Auditors for a first term of five consecutive years (April 1, 2025 to March 31, 2030), subject to shareholder approval at the next AGM. Additionally, 18,400 stock options were granted to eligible employees under the GOPAL ESOP-2023 scheme at a nominal exercise price of ₹1 per option, with full vesting at the end of the first year from the grant date.
These are routine governance and compliance actions and are unlikely to move the stock. The mid-level operations exit is not strategic, and the ESOP grant at a token ₹1 price is a small retention tool rather than a meaningful dilution event.