GNA Axles Limited shareholders approved the declaration of a dividend and the reappointment of directors at its 33rd Annual General Meeting held on June 30, 2026. The meeting, conducted via audio-visual means, saw the approval of four ordinary resolutions with 100% of the valid votes cast in favour, ensuring the reappointment of two directors and the ratification of auditors' reports.

The remote e-voting process was open from June 27, 2026, to June 29, 2026, managed by service provider MUFG Intime (India) Private Limited. Voting rights were reckoned as on June 23, 2026. The scrutinizer, Harsimran Kaur of H. K. & Associates, confirmed that the votes were reconciled with the company's records and unblocked in the presence of independent witnesses.

Resolution Results

All resolutions were passed with a requisite majority. The table below details the voting outcomes for each resolution:

Key Appointments

The shareholders approved the reappointment of Mr. Jasvinder Singh and Mr. Kulwin Seehra as directors. Both directors retire by rotation and, being eligible, offered themselves for reappointment in accordance with Section 152(6) of the Companies Act, 2013.

The notice for the AGM was sent to members on May 8, 2026. An advertisement specifying the meeting details was published in the Financial Express and Rozana Spokesman on June 7, 2026. The electronic voting data and records will be preserved by the scrutinizer until handed over to the Company Secretary after the minutes are signed.

GNA Axles Limited disclosed that promoter Maninder Singh sold 11,35,767 equity shares through market sales between June 18 and June 24, 2026. The transaction reduced his stake in the company to 7.95%, down from 10.60% prior to the disposal. The shares were sold for a total value of ₹48,54,85,492.00.

The intimation was submitted to the stock exchanges in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and Regulation 29 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Maninder Singh, who is part of the promoter group, confirmed the sale in a disclosure dated June 26, 2026.

Following the sale, Maninder Singh's holding stands at 34,13,659 equity shares. The total equity share capital of GNA Axles Limited remains at 42,93,08,000 shares. The company secretary, Gourav Jain, forwarded the disclosure to BSE Limited and the National Stock Exchange of India Limited on June 27, 2026.

Shareholding Details

The table below outlines the change in Maninder Singh's shareholding:

The sale was executed entirely via market mechanisms. No derivatives or other modes of acquisition were involved in the transaction.