This is to inform the shareholders that the company has issued Addendum/ Corrigendum to the Postal Ballot Notice date 06th March 2026.
Awaiting price reaction for this filing.
Gopal Iron & Steels Company (Gujarat) Limited has issued an addendum to its Postal Ballot Notice dated 6 March 2026, seeking shareholder approval to change its name to Castora Agri Commodities Limited. The addendum attaches a chartered accountant's certificate confirming compliance with SEBI Regulation 45(1) for a name change, which requires that at least 50% of total revenue in the preceding year come from the new activity and at least 50% of assets be deployed in it. The company has invested Rs. 136.74 lakhs (52% of total assets of Rs. 262.97 lakhs) in the new agri-commodities activity, versus Rs. 126.23 lakhs (48%) still in the old iron and steel business. The company has not changed its name since 1995, and revenue from the new activity is expected to reflect in next financial year's results.
This signals a strategic business pivot from iron and steel to agri commodities for shareholders. The name change is subject to shareholder approval via postal ballot, and the company's revenue mix is expected to shift significantly in the coming year once the new activity generates income.