GTL Limited has informed the Exchange regarding Proceedings of 37th Annual General Meeting of the members of the Company held on September 30, 2025
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GTL Limited held its 37th AGM on September 30, 2025 via video conferencing, chaired by Mr. D. S. Gunasingh. The meeting was brief, lasting just 25 minutes (2:00 PM to 2:25 PM), with the required quorum present. Five resolutions were put to vote, all of which passed with overwhelming majority (over 99.9% in favor on each). Key items included adoption of FY25 audited financial statements, non-reappointment of retiring director Mr. Sunil Valavalkar (with the resulting board vacancy left unfilled), appointment of Mr. Virendra G. Bhatt as Secretarial Auditor for a five-year term (FY26–FY30), and appointment of Mrs. Rufina Juliana Fernandes as a Director and Whole-time Director for three years starting October 1, 2025. The auditors' report contained a modified opinion with an emphasis of matter, which was read out to members.
This is a routine procedural filing with no surprise items — all resolutions sailed through with near-unanimous support, suggesting stable shareholder backing. The board is shrinking by one (Valavalkar exit without replacement) while a new Whole-time Director is being added, and the auditor's modified opinion is something investors may want to review in the annual report for any red flags.