Notice of Postal Ballot dated 7th April, 2026.
GUJTHEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gujarat Themis Biosyn Limited is seeking shareholder approval via postal ballot for two special resolutions. The first resolution proposes to increase the company's borrowing limits from Rs. 100 Crores to Rs. 3,500 Crores and authorize creation of mortgage/charge on company assets. The second resolution seeks approval to give loans, guarantees, provide securities, or acquire securities of other body corporates up to Rs. 3,500 Crores. The company cites its growth strategy in the pharmaceutical business, capacity expansion plans, and a proposed acquisition of anti-tuberculosis and anti-infective brands from Sanofi (a French company) along with associated trademark and IP rights as key reasons for these enhanced limits. The voting period runs from 6th May 2026 to 4th June 2026, with results to be declared by 8th June 2026.
Shareholders should note that approval of these resolutions will significantly expand the company's financial flexibility for borrowing and investments, including funding the proposed Sanofi brand acquisition. This represents a major step in the company's expansion strategy but also increases potential debt obligations.