Gala Global Products held its 16th Annual General Meeting on September 29, 2026, via video conferencing. The meeting focused on the adoption of audited financial statements for the year ended March 31, 2026, and key governance matters.

Key Resolutions Passed

The shareholders considered and passed three ordinary resolutions during the proceedings:

1. Adoption of the audited balance sheet, statement of profit and loss, and cash flow statement for FY26, along with the directors' and auditors' reports.
2. Reappointment of Vishal Mulchandbhai Gala as a director retiring by rotation.
3. Approval of related party transactions for the fiscal year 2027.

Meeting Proceedings and Attendance

The meeting commenced at 11:00 am and concluded at 11:57 am. Chairman Vishal Mulchandbhai Gala briefed members on the company's growth journey, financial performance, and market presence. He expressed gratitude to shareholders and stakeholders for their continued support.

Independent Directors Vipul Laxmichand Maru, Dhruv Modi, and Yagnik Kishorbhai Movaliya were absent from the meeting. Statutory Auditors M/s R. B. Gohil & Co. and Internal Auditors M/s Nirali Rajani & Co. were also granted leave of absence. Company Secretary Vandana Arun Baldi facilitated the e-voting process, noting that no shareholder queries or speaker requests were received within the stipulated timeline.

Voting Results Disclosure

The scrutinizer, Sachin Thakkar of M/s Sachin Thakkar & Associates, will disseminate the consolidated voting results separately. These results will be available on the Bombay Stock Exchange website and the company’s official website.

Gala Global Products approved a rights issue of up to ₹25.00 Crores during its board meeting on September 12, 2026. The capital raise targets existing eligible equity shareholders.

The Board of Directors authorized the issuance of fully paid-up equity shares with a face value of ₹5 each. Specific details regarding the issue price, entitlement ratio, and record date will be determined by a newly constituted Rights Issue Committee.

Rights Issue Structure

The company will file a Draft Letter of Offer with the Bombay Stock Exchange (BSE) to seek in-principal approval for the issue. The final terms, including the number of securities and the rights entitlement ratio, will be disclosed in the Final Letter of Offer.

Committee Formation and Intermediaries

The Board constituted a Rights Issue Committee comprising company directors. This committee is empowered to finalize all critical aspects of the offer, including opening and closing dates, and to appoint necessary intermediaries.

Approved appointments include:

• Registrar to the Issue (SEBI registered RTA)
• Legal Counsel and professional advisors
• Bankers to handle application monies and ASBA arrangements

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.