Gala Precision Engineering AGM resolutions passed with 99.99% approval

Gala Precision Engineering Limited shareholders approved the audited financial statements for FY26 and re-appointed key directors at its 18th Annual General Meeting held on July 1, 2026. All six resolutions were passed with a requisite majority, receiving over 99.99% of the valid votes polled in favour. The meeting was conducted via video conferencing, with remote e-voting facilities available from June 27 to June 30, 2026.

The voting results, declared on July 2, 2026, showed a total of 78,17,901 valid votes cast. Promoter and Promoter Group participation was significant, with 60,66,664 votes polled, representing 87.0073% of their total shareholding. Public institutional holders contributed 1,92,556 votes, while public non-institutional holders accounted for 15,58,681 votes.

Resolutions Passed

The business transacted included the adoption of standalone and consolidated financial statements and the re-appointment of Mr. Balkishan Shyamsunder Jalan as Whole-time Director. Shareholders also ratified the remuneration of M/s. Shekhar Joshi & Co., Cost Auditors, for the financial year 2026-27.

Director Re-appointments

Three independent directors were re-appointed for second terms:

Director	Term	Commencement Date	Resolution Type
Ms. Neha Rajen Gada	3 years	November 30, 2026	Special
Mr. Snehal Bhupendra Shah	5 years	November 30, 2026	Special
Mr. Sudhir Tokarshi Gosar	3 years	January 11, 2027	Special

The scrutinizer, Dharmesh Zaveri of D. M. Zaveri & Co., confirmed that the e-voting process was monitored fairly and transparently. The company disclosed that 52 shareholders attended the meeting via video conferencing. Ms. Pooja Ladha, Company Secretary and Compliance Officer, declared the meeting concluded.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.47%	+9.20%	+30.78%	+50.60%	+37.19%	+56.30%

Alpa Kiran Chheda, a member of the promoter group of Gala Precision Engineering Limited , acquired 20,000 equity shares through an open market transaction on June 30, 2026. The acquisition increases the promoter group's consolidated holding in the company. The disclosure was submitted to the stock exchanges pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The shares were purchased from a seller belonging to the promoter group. Prior to the acquisition, the promoter group collectively held 54.40% of the total paid-up share capital, amounting to 69,72,592 shares. Following the purchase of 20,000 shares, the group's total holding adjusted to 69,52,592 shares, which constitutes 54.25% of the company's equity share capital.

The total equity share capital and total voting capital of Gala Precision Engineering Limited remain unchanged at 1,28,16,200 shares. The total diluted share capital also stands at 1,28,16,200 shares. The company's shares are listed on BSE Limited and the National Stock Exchange of India Limited.

Shareholding Details

The table below details the changes in the shareholding of the promoter group members following the acquisition:

Shareholder	Shares Before	Shares Acquired	Shares After	% Holding After
Alpa Kiran Chheda	2,54,400	20,000	2,34,400	1.83%
Kirit V Gala	27,94,618	0	27,94,618	21.81%
Rumie Kirit Gala	12,49,488	0	12,49,488	9.75%
Taramati V Gala	12,05,200	0	12,05,200	9.40%
Smeet Kirit Gala	5,89,144	0	5,89,144	4.60%
Vaibhavi Vishanji Gala	2,54,400	0	2,54,400	1.98%
Nayna Gala	1,52,398	0	1,52,398	1.19%
Saloni Kirit Gala	1,43,544	0	1,43,544	1.12%
Kirit V Gala HUF	1,34,400	0	1,34,400	1.05%
Rajiv and Anupa Ashar Trust	1,07,200	0	1,07,200	0.84%
Madhu Ashar	73,000	0	73,000	0.57%
Manisha Madhu Ashar	14,800	0	14,800	0.12%
Total	69,72,592	20,000	69,52,592	54.25%

Other members of the promoter group, including Anubhuti Gandhi, Rajiv Madhu Ashar, Sanjay Mahendra Gandhi, Shefali Sanjay Gandhi, Slate Workspaces Private Limited, and Workamp Spaces Private Limited, reported no shareholding or acquisition activity during this period.