Automobile Corporation of Goa Limited has published newspaper advertisements for its postal ballot notice under Regulations 30 and 47 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company issued a formal communication to BSE Limited on March 18, 2026, confirming the publication of postal ballot notice in Financial Express and Dainik Pudhari newspapers.

Regulatory Compliance and Publication

The company has fulfilled its regulatory obligations by publishing the postal ballot notice in leading newspapers as required under SEBI regulations. The notice details are also available on the company's website at www.acglgoa.com .

Postal Ballot Resolutions

The company is seeking shareholder approval for three key resolutions through remote e-voting:

Voting Schedule and Process

The remote e-voting period is scheduled as follows:

Director Appointments

The company seeks approval for appointing two new Independent Directors:

Dr. Renu Sharma (DIN: 02797298)

Dr. Sharma, aged 61 years, is a distinguished retired Indian Administrative Service officer with 36 years of experience in public administration, governance, and finance. She holds a PhD from Institut d'Etudes Politiques de Paris and has served across diverse domains including Finance, Taxation, Home, Transport, and Urban Development. Her notable achievements include serving as Chief Secretary of Mizoram from 2021-2024 and Deputy Chief of Mission at the Embassy of India, Brussels.

Mrs. Rekha Bagry (DIN: 08620347)

Mrs. Bagry, aged 53 years, is an independent professional with over 20 years of experience in tax and advisory services. She was a partner at PricewaterhouseCoopers Private Limited for 15 years before starting her entrepreneurial journey in May 2019. She specializes in tax and regulatory aspects of mergers and acquisitions, with expertise spanning various industries including beverages, textile, retail, cement, steel, and telecommunications.

Both directors will serve five-year terms from January 20, 2026 to January 19, 2031, not liable to retire by rotation.

Material Related Party Transactions

The most significant resolution involves approval for material related party transactions with Tata Motors Limited (TML) for FY 2026-27:

The proposed transactions include sale of goods, purchase of goods, reimbursement of expenses, deputation charges, warranty expenses, IT support services, and Inter Corporate Deposits. TML, which holds 49.77% shareholding in ACGL directly and indirectly, contributes approximately 85% to 90% of the company's total turnover during the last three financial years.

Financial Context

The proposed transaction value represents 316.30% of the company's annual consolidated turnover for the immediately preceding financial year. TML's financial performance for FY 2024-25 shows:

The Audit Committee has reviewed and approved these transactions, confirming they will be conducted on an arm's length basis and in the ordinary course of business. The company's materiality threshold for related party transactions is ₹66.07 crore, representing 10% of annual consolidated turnover for FY 2024-25.

Regulatory Compliance and Results

All proposed resolutions comply with the Companies Act, 2013, SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and relevant MCA circulars. The company has appointed Mr. Shivaram Bhat as scrutinizer to ensure fair and transparent conduct of the postal ballot process. Results will be declared on or before Monday, April 20, 2026 and communicated to BSE Limited where the company's shares are listed.

Automobile Corporation of Goa Limited has announced the resignation of its Company Secretary and Compliance Officer, Mr. Mitesh Gadhiya, effective from the close of business hours on January 30, 2026. The company informed BSE Limited about this key management change through a formal communication dated January 30, 2026, in compliance with regulatory requirements.

Resignation Details

Mr. Mitesh Gadhiya tendered his resignation from the position of Company Secretary and Compliance Officer to pursue career opportunities outside the organization. The resignation has been accepted by the company, and he will be relieved from all his duties and responsibilities effective from the close of business hours on January 30, 2026.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III to the Listing Regulations. The company also complied with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, providing all required disclosures in the prescribed format.

Formal Documentation

The resignation letter, dated January 15, 2026, was addressed to the Board of Directors at the company's Honda, Sattari-Goa location. In his resignation letter, Mr. Gadhiya expressed sincere appreciation to the Board of Directors for their guidance, support, and encouragement throughout his tenure. He also extended wishes for the company's continued growth, stability, and success in the years ahead.

Company Information

The communication was signed by Pranab Ghosh, CEO and Executive Director of Automobile Corporation of Goa Limited. The company trades on BSE with scrip code 505036 and maintains its operations from its Goa facility.