Disclosure under SEBI (LODR) Regulations, 2015- Postal Ballot Notice dated June 07, 2025
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Gujarat Toolroom Ltd has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting (June 10 to July 9, 2025). The first resolution proposes increasing the Authorised Share Capital from ₹210 crore to ₹245 crore by adding 35 crore equity shares of ₹1 each, requiring an Ordinary Resolution. The second resolution (Special) seeks to alter the Main Objects Clause of the Memorandum of Association to add new business objects covering agriculture, farming, livestock, poultry, aquaculture, fertilizers, seeds, and related activities — signalling a major diversification push beyond its existing toolroom business. Cut-off date for e-voting eligibility is June 6, 2025, and results will be announced on or before July 11, 2025.
Shareholders should note this is a significant diversification move into agriculture and allied sectors, which could reshape the company's future revenue mix. The increase in authorised capital provides room for future fundraising or share issuance, which could lead to potential dilution depending on how the company plans to use the expanded capital base.