Gopal Iron & Steels Company (Gujarat) Limited has issued an addendum/corrigendum to its postal ballot notice for the proposed change of company name to Castora Agri Commodities Limited. The addendum, dated 20.03.2026, supplements the original postal ballot notice dated 06.03.2026 and includes the mandatory certificate required under SEBI regulations.

SEBI Compliance Certificate

Babubhai Patel & Associates, Chartered Accountants, has issued a certificate confirming the company's compliance with Regulation 45(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The certificate validates three key compliance criteria for the proposed name change from Gopal Iron and Steels Company (Gujarat) Limited to Castora Agri Commodities Limited.

Investment Analysis and Asset Deployment

The CA certificate reveals that the company has deployed at least 50% of its assets towards the new agricultural commodities activity. The detailed investment breakdown shows:

Asset Composition Details

The company's total assets of Rs. 262.97 lakhs are distributed across various categories, with trade receivables forming the largest component:

Regulatory Compliance Status

The certificate confirms compliance with all three mandatory conditions under SEBI Regulation 45(1):

• Time Period Requirement: The company has not changed its name since 1995, satisfying the one-year elapsed period requirement
• Revenue Criteria: The company is implementing the proposed agricultural commodities activity, with revenue expected in the next financial year
• Asset Investment: 52% of total assets have been deployed towards the new activity, exceeding the minimum 50% threshold

Corporate Action Timeline

Managing Director Nirav Shantilal Thakkar signed the addendum on 20.03.2026, directing members to read it alongside the original postal ballot notice. The CA certificate was issued on 18.03.2026 by Partner Dipal Patel of Babubhai Patel & Associates. All other contents of the original postal ballot notice remain unchanged, with the addendum specifically addressing the SEBI regulatory compliance requirements for the proposed name change.

Gopal Iron & Steels Company (Gujarat) Limited has reported significant share transactions by members of its promoter group. The company, which specializes in iron and steel production, has seen multiple promoter group members reduce their stakes through open market transactions.

Key Transaction Details

These transactions took place on November 20 and November 17, as disclosed in the company's regulatory filings.

Impact on Shareholding

The sales have resulted in a reduction in the promoter group's overall stake in the company:

Regulatory Compliance

All sellers have filed the necessary disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These disclosures are crucial for maintaining transparency in transactions involving promoter group members.

Company Overview

Gopal Iron & Steels Company (Gujarat) Limited has a total of 49,17,100 equity shares, each with a face value of Rs. 10. The company's total equity share capital stands at Rs. 4,91,71,000.

This significant share divestment by promoter group members could be of interest to investors and market analysts. The transactions have led to a notable decrease in the promoter group's collective shareholding, particularly with Mrs. Shardaben Govindbhai Patel and persons acting in concert reducing their stake by over 2%. While some promoters retain significant stakes, the overall reduction in promoter holding may have implications for the company's ownership structure.