Proceedings of Extra Ordinary General Meeting
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▲ 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 1st September 2025 via video conferencing, which concluded in about 25 minutes. Two special resolutions were placed before members for e-voting approval. The first resolution seeks approval to sell or assign the company's land and building at Plot B-18, Gandhinagar Electronic Estate — notably the same address as the company's registered office — under Section 180(1) of the Companies Act. The second resolution seeks to raise the company's existing limit for giving loans, making investments, providing guarantees, and offering securities from ₹35 crore to ₹60 crore. Remote e-voting ran from 29–31 August 2025, and the scrutiniser's combined voting results are to be announced within two working days.
For shareholders, the key item to watch is the proposed sale of the registered office property itself, which is a significant asset disposal decision. If approved, the higher investment/loan limit (₹60 crore vs. ₹35 crore) gives the company more flexibility to deploy capital but also increases risk exposure. Voting results are still pending and will determine the outcome.