Gokul Agro Resources Passes 7 Resolutions via E-voting
Gokul Agro Resources Limited successfully concluded its postal ballot e-voting process, with shareholders approving all seven proposed resolutions. The resolutions included increasing borrowing powers, reappointing a Joint Managing Director, revising remuneration for executives, and altering the object clause. The e-voting, conducted through NSDL, saw high participation with 89.68% of total paid-up equity capital exercising votes. All resolutions passed with overwhelming support, ranging from 98.54% to 99.998% approval rates.
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Gokul Agro Resources Limited has successfully concluded its postal ballot e-voting process, with shareholders approving all seven proposed resolutions with overwhelming support. The company passed all seven resolutions through postal ballot e-voting, including borrowing power increases, director reappointments, and remuneration approvals with strong shareholder support.
E-voting Process Details
The e-voting facility was provided through National Securities Depository Limited (NSDL), with the voting period commencing at 9:00 AM IST on Monday, November 17, 2025, and concluding at 5:00 PM IST on Tuesday, December 16, 2025. The cut-off date for determining eligible shareholders was set as Friday, November 7, 2025.
| Parameter | Details |
|---|---|
| Postal Ballot Notice Date | November 12, 2025 |
| Cut-off Date | November 7, 2025 |
| E-voting Start | November 17, 2025 (9:00 AM) |
| E-voting End | December 16, 2025 (5:00 PM) |
| Platform | NSDL |
Resolution Results Summary
All seven resolutions received strong shareholder support, with approval rates demonstrating significant confidence in the company's strategic initiatives:
| Resolution | Type | Approval Rate | Status |
|---|---|---|---|
| Increase in Borrowing Powers | Special | 99.74% | Passed |
| Increase in Limits for Asset Charges | Special | 99.74% | Passed |
| Reappointment of Joint Managing Director | Ordinary | 99.74% | Passed |
| Remuneration for Joint Managing Director | Special | 99.998% | Passed |
| Revision in Executive Director Remuneration | Special | 99.998% | Passed |
| Increase in President Remuneration | Ordinary | 98.54% | Passed |
| Alteration of Object Clause | Special | 99.99% | Passed |
Key Corporate Decisions
Financial and Operational Resolutions
The first two resolutions focused on enhancing the company's financial flexibility. Shareholders approved the increase in existing borrowing powers under Section 180(1)(c) of the Companies Act, 2013, and the increase in existing limits under Section 180(1)(A) for sale, creation of mortgage, or charge on company assets, properties, or undertakings.
Leadership and Governance
Shareholders endorsed the reappointment of Mr. Jayesh Kanubhai Thakkar (DIN: 03050068) as Joint Managing Director for a period of three years commencing from June 9, 2026. The corresponding remuneration package for this position also received approval with a 99.998% support rate.
Remuneration Adjustments
Two additional remuneration-related resolutions were approved:
- Revision in remuneration of Mr. Dipakkumar Kanubhai Thakkar, Executive Director (DIN: 07071694)
- Approval for increase in remuneration of Mr. Nilesh Kanubhai Thakkar (President-Sales and Marketing)
Voting Participation
The scrutinizer's report, prepared by Chirag Shah and Associates, Company Secretaries, confirmed that a total of 264,620,999 votes were exercised through the e-voting process, representing 89.68% of the total paid-up equity capital. The high participation rate reflects active shareholder engagement in the company's governance decisions.
Compliance and Documentation
The company followed all regulatory requirements under the MCA Circulars, sending the postal ballot notice electronically to members whose names appeared in the register of members as of the cut-off date. The notice was also published in newspapers and made available on the company's website at www.gokulagro.com and the e-voting website at www.evoting.nsdl.com .
The successful completion of this e-voting process enables Gokul Agro Resources Limited to proceed with its strategic initiatives, including enhanced borrowing capabilities, leadership continuity, and operational flexibility through the approved resolutions.
Historical Stock Returns for Gokul Agro Resources
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.05% | -0.71% | -5.09% | +23.81% | +7.49% | +1,765.36% |
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