Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Postal Ballot Notice Dated May 12th, 2025
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Gujarat Toolroom Limited has issued a postal ballot notice seeking shareholder approval to raise its authorised share capital from ₹140 crore (140 crore equity shares of ₹1 each) to ₹210 crore (210 crore equity shares of ₹1 each), by creating an additional 70 crore equity shares. According to the explanatory statement, the increase is intended to facilitate a rights issue of equity shares and support future operational requirements. The cut-off date for e-voting eligibility is May 9, 2025, with remote e-voting open from May 14, 2025 (9:00 AM) to June 12, 2025 (5:00 PM). The resolution is proposed as an Ordinary Resolution.
If approved, the company will have the authorised headroom to launch a rights issue or further equity issuances, which may lead to dilution for existing shareholders depending on the size and pricing of the eventual issue. Shareholders should watch for the follow-up rights issue terms (price, discount, record date) once authorised capital is enhanced.