Gleam Fabmat Limited Approves Name Change, Office Relocation, and Other Key Corporate Actions

Gleam Fabmat Limited has announced a series of significant corporate actions following a board meeting held on November 5, 2025. The company's board of directors approved nine key resolutions that will reshape its identity and operations.

Name Change and Registered Office Relocation

In a move to align with its evolving business focus, the company plans to change its name from 'Gleam Fabmat Limited' to 'Glaam Up Jwel Limited'. This change is subject to necessary regulatory approvals and reflects the company's shift towards the gems and jewelry sector.

Simultaneously, the board has approved relocating the registered office from Delhi to Gujarat. This strategic decision aims to improve management oversight and coordination with stakeholders.

Financial Auditor Appointment and Board Changes

The board has appointed M/S. Kapish Jain and Associates, Chartered Accountants, as the statutory auditors of the company, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Additionally, the board approved the regularization of Mr. Mayabhai Bhikhabhai Kotar as a director of the company. Mr. Kotar, who was appointed as an Additional Director on June 19, 2025, brings expertise in marketing and agro products to the board.

Financial Flexibility and Governance

To enhance financial flexibility, the board has approved giving loans, guarantees, and making investments under Section 186 of the Companies Act, 2013, up to an aggregate amount not exceeding Rs. 50.00 crores. This move aims to support potential business opportunities and strategic investments.

The company also received approval for providing loans or guarantees to entities in which directors may have an interest, as specified under Section 185 of the Companies Act, 2013. This decision is intended to facilitate business synergies and operational efficiency within the group.

Changes in Administrative Operations

Gleam Fabmat Limited plans to change its Registrar and Transfer Agent (RTA), although details of the new RTA were not disclosed in the announcement.

For the upcoming 7th AGM, the board has appointed M/S. Amit Saxena & Associates, Practicing Company Secretaries, as the scrutinizer for the remote e-voting process.

Investor Considerations

These corporate actions, particularly the name change and office relocation, signal a potential shift in the company's business focus and operational strategy. Investors should note that these changes may impact the company's market positioning and future performance.

The expanded financial flexibility through loans and guarantees could provide opportunities for growth but also carries potential risks that shareholders should consider.

As Gleam Fabmat Limited transitions to its new identity as Glaam Up Jwel Limited, pending regulatory approvals, investors are advised to monitor the implementation of these changes and their impact on the company's operations and financial performance.

The 7th Annual General Meeting, where many of these resolutions will be presented for shareholder approval, is scheduled to be held on Saturday, November 29, 2025, at 03:30 P.M. (IST) through video conferencing.