Gujarat Toolroom Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/06/2025 ,inter alia, to consider and approve 1. To consider the Alteration ....
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Gujarat Toolroom Ltd has informed BSE that its Board of Directors will meet on Saturday, June 7, 2025, at its registered office in Ahmedabad. The Board will consider adding new objects to the Main Objects Clause of the company's Memorandum of Association, which would expand its permitted business activities. It will also consider increasing the Authorized Share Capital of the company, along with any related amendments to the Memorandum. To obtain shareholder approval for these changes, the company plans to conduct a Postal Ballot through e-voting, and has proposed appointing Mr. Himanshu Keshubhai Togadiya, a Practicing Company Secretary, as the Scrutinizer for the process. A cut-off date for determining eligible members for the postal ballot will also be decided at the meeting.
This signals that the company is preparing to diversify into new business areas and may raise fresh capital in the future. Shareholders will be asked to vote on these changes through a postal ballot, making their approval essential for the expansion plan to move forward.