Intimation regarding Reconstitution of Committees of the Board of Directors
Awaiting price reaction for this filing.
Gujarat Metallic Coal & Coke Limited has informed the BSE about the reconstitution of its three mandatory board committees — Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. The committees include Mrs Sweta H Shah and Mr. Rushabh K Vora as Independent Directors, along with Mr. Chetan R Shah (Executive Director) and Mr. Hardik N Vora (Non-Executive Director). The board was reconstituted effective April 21, 2025, but this disclosure is being filed only now because the company was under NCLT liquidation since November 3, 2021 with Mr. Sanjay Kumar Poddar as Liquidator, and did not have access to the BSE listing portal or official email IDs during that period. The filing is being made under SEBI LODR Regulation 30 to ensure compliance.
This is a delayed compliance filing following the company's emergence (or change in status) from NCLT liquidation. Shareholders should note the long gap between the board reconstitution in April 2025 and this formal disclosure. The reconstitution itself signals renewed corporate governance activity, but investors may want clarity on whether the liquidation has been formally closed and what the company's revival or turnaround plans are.