Gloster Limited has fixed July 3, 2026, as the record date to determine members entitled to receive the dividend for the financial year ended March 31, 2026. The dividend payout is subject to the approval of shareholders at the ensuing Annual General Meeting (AGM). The company disclosed this information in a filing submitted to the stock exchanges on May 23, 2026.

104th Annual General Meeting

The 104th AGM of Gloster Limited will be held on Friday, August 7, 2026, at 11:00 A.M. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The Notice of AGM and the Annual Report for the financial year ended March 31, 2026, will be sent to the stock exchanges and members in due course.

E-Voting Cut-off Date

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has established July 31, 2026, as the "Cut-off-Date" for e-voting. Shareholders holding shares in either dematerialized or physical form as of the close of business hours on this date will be eligible to participate in remote e-voting as well as e-voting during the AGM.

The following table summarizes the key dates announced by the company:

Gloster Limited has received the First Motion Order from the Hon'ble National Company Law Tribunal (NCLT), Kolkata Bench, regarding the Scheme of Amalgamation of Gloster Lifestyle Limited and Gloster Specialities Limited with the company. The order, dated May 22, 2026, allows the First Motion Application filed in relation to the scheme. The transferor companies are wholly-owned subsidiaries of Gloster Limited.

The Hon'ble NCLT has dispensed with the requirement of convening the meetings of the Equity Shareholders of the Applicant Companies. This decision was based on the fact that 100% of the Equity Shareholders of the Applicant Companies had given their consent to the Scheme in writing by way of affidavits. Consequently, no shares of the Transferee Company shall be allotted in lieu of or in exchange of its holding in the Transferor Companies.

The appointed date for the amalgamation is April 1, 2025. The rationale behind the merger is to enable more efficient utilization of capital and assets, thereby strengthening the foundation for future growth. By combining their resources, the merged entity aims to enhance overall efficiency and create greater value for shareholders. There will be no change in the shareholding pattern of the listed entity pursuant to this Scheme of Amalgamation.

Financial Details of Entities

The disclosure provided under Regulation 30 of the Listing Regulations outlines the financial standing of the entities involved as of the year ended March 31, 2025.

Regulatory Compliance and Next Steps

The transaction involves related party transactions as the transferor companies are wholly-owned subsidiaries. However, the scheme is exempt from the requirements of Section 188 of the Companies Act, 2013, and related SEBI regulations pursuant to specific circulars and rules governing compromises, arrangements, and amalgamations.

The Applicant Companies are required to serve a notice under Section 230(5) of the Companies Act, 2013, along with all accompanying documents, to various regulatory authorities including the Regional Director, Ministry of Corporate Affairs, the Registrar of Companies, and the Securities and Exchange Board of India. These notices must be sent within two weeks from the date of receiving the order.