We wish to inform your esteemed organisation that the 31st Annual General Meeting ("AGM") of the Company was held on 29th September, 2025 at 09:00 AM at Hotel Marriott, Tank Bund Road, ....
Awaiting price reaction for this filing.
Golden Carpets Ltd held its 31st AGM on 29th September 2025 at Hotel Marriott, Hyderabad, starting at 9:00 AM and concluding in just 20 minutes at 9:20 AM. Out of 969 shareholders on record, only 29 public shareholders attended in person and zero promoter shareholders were present, though quorum requirements were met. Seven resolutions were transacted, including adoption of audited financial statements for FY ending March 2025, re-appointment of Ms. Meena Kerur as director (retiring by rotation), re-appointment of Mr. Srikrishna Naik as Managing Director, re-appointment of Mr. Maqsood Ahmed as Independent Director, and appointment of Mr. Rohan Bhushan Kerur as Non-Executive Director. Two significant special business items were approved: an increase in overall borrowing limits under Section 180(1)(c) of the Companies Act, and authorisation to raise loans with an option to convert them into fully paid-up equity shares. E-voting was held from 26th to 28th September 2025, and ballot voting was conducted at the meeting, with final results pending the Scrutinizer's report.
The borrowing limit increase and convertible loan approval signal the company's intent to raise additional capital, which could lead to equity dilution if the loan is converted into shares. Shareholders should watch for the scrutinizer's voting results to see how these potentially dilutive resolutions were received.