Please find the attached notice of Postal Ballot
Awaiting price reaction for this filing.
The company has issued a Postal Ballot notice seeking shareholder approval for 13 special businesses through e-voting from March 7, 2026 to April 5, 2026. Key proposals include changing the company name from Gopal Iron & Steels Company (Gujarat) Limited to Castora Agri Commodities Limited, shifting the registered office from Ahmedabad to Harij (Patan district, Gujarat), and altering the main object clause to pivot the business toward agricultural products, food products, timber, and allied commodities. The board is also seeking approval to increase authorized share capital sharply from Rs. 6 crore to Rs. 50 crore (over 8x), raise the borrowing limit to Rs. 100 crore under Section 180(1)(c), and approve loans/investments up to Rs. 100 crore under Section 186. Additionally, four directors are proposed for appointment, including Nirav Shantilal Thakkar as Managing Director for 5 years, Harshil Patni and Ritaben Barot as Non-Executive Non-Independent Directors, and Ankitkumar Agrawal as Independent Director. Results are scheduled to be announced on or before April 7, 2026.
This is a transformational event: the company is rebranding and pivoting from iron & steel to agri commodities, moving its registered office, and massively expanding its authorized capital ceiling, signaling potential fundraising, dilution, or acquisitions ahead. Shareholders should watch the outcome closely as the combined effect of name change, business pivot, and 8x capital hike represents a significant strategic shift.