Gopal iron & steels company (Gujarat) Ltd. has successfully completed its postal ballot and e-voting process on April 5, 2026, at 5.00 P.M., addressing 13 significant corporate governance resolutions. The company informed BSE Limited about the completion of the voting process under Regulation 44 of SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015.

Corporate Governance Resolutions

The postal ballot covered comprehensive corporate restructuring matters including fundamental changes to the company's constitutional documents and organizational structure.

Capital Structure and Financial Matters

The company addressed key financial restructuring through multiple resolutions aimed at enhancing operational flexibility and growth capacity.

Director Appointments

The postal ballot included appointments of four new directors across different categories to strengthen the board composition.

Regulatory Compliance and Next Steps

The voting was conducted through both e-voting and postal ballot mechanisms to ensure comprehensive shareholder participation. The company will communicate detailed voting results to stock exchanges upon receiving the scrutinizer report, maintaining full compliance with SEBI regulations. These results will also be published on the company's official website for stakeholder transparency.

The completion of this postal ballot represents a significant milestone in the company's corporate governance journey, encompassing structural, financial, and leadership changes that position the organization for future growth and regulatory compliance.

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.