EGM- Regulation 44 Voting Results along with Scrutinizer Report
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gujarat Poly Electronics held an Extra-Ordinary General Meeting on September 1, 2025, where shareholders approved both special resolutions with near-unanimous support (99.9978% in favour, only 101 votes against). The first resolution authorises the disposal (assignment/sale) of the company's land and building at Plot No. B-18, Gandhinagar Electronic Estate — which is also the company's registered office. The second resolution raises the company's limit for granting loans, making investments, giving guarantees and providing securities from ₹35 crore to ₹60 crore. Voting participation was 53.45% of the 85.5 lakh outstanding shares, with promoter/promoter group votes (44.54 lakh) fully in favour. The results have been submitted along with the scrutinizer's report from Ragini Chokshi & Co., Company Secretaries.
The land and building sale at Gandhinagar is a significant asset disposal and could unlock cash but also means the company is giving up its registered-office premises; shareholders should watch for the sale value and use of proceeds. The jump in investment/loan limits from ₹35 cr to ₹60 cr gives the board more flexibility to deploy capital and may signal upcoming investment activity or support to other entities.