GISCO Board Approves Q3FY26 Results and Major Corporate Restructuring Plans
Gopal Iron and Steels Company (Gujarat) Limited board meeting on 30th January, 2026, approved Q3FY26 unaudited financial results and major corporate restructuring. Key approvals include name change to Gopal Multiagro Limited, authorized capital increase from ₹6,00,00,000 to ₹50,00,00,000, and business scope expansion beyond steel to agricultural products, consumer goods, and technology services. All decisions require shareholder approval through postal ballot.
*this image is generated using AI for illustrative purposes only.
Gopal Iron and Steels Company (Gujarat) Limited conducted its board meeting on 30th January, 2026, at the company's registered office, approving the unaudited financial results for the quarter ended 31st December, 2025, along with several major corporate restructuring initiatives. The meeting commenced at 04:00 P.M. and concluded at 05:00 P.M.
Financial Results and Compliance
The board approved the unaudited financial results for Q3FY26 along with the Limited Review Report issued by the company's statutory auditor. The results cover the quarter ended 31st December, 2025, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.
Major Corporate Restructuring Initiatives
The board approved several significant restructuring measures that will transform the company's corporate structure and business scope:
| Initiative | Current Status | Proposed Change |
|---|---|---|
| Company Name | Gopal Iron and Steels Company (Gujarat) Limited | Gopal Multiagro Limited |
| Authorized Capital | ₹6,00,00,000 (60,00,000 shares of ₹10 each) | ₹50,00,00,000 (5,00,00,000 shares of ₹10 each) |
| MOA/AOA | Based on Companies Act, 1956 | New set under Companies Act, 2013 |
Business Scope Expansion
The company approved significant alterations to its object clauses, expanding from traditional steel manufacturing to a diversified business model. The proposed new business scope includes:
- Agricultural Sector: Agricultural products, farms and forest products, food products
- Consumer Goods: Household items, consumer durables, home appliances
- Industrial Products: Automobiles and auto ancillaries, construction and real estate materials
- Technology: Computer hardware, software, BPO, KPO, LPO services
- Commodities: Textiles, pharmaceuticals, chemicals, minerals, precious metals
Governance and Compliance Updates
| Parameter | Details |
|---|---|
| MOA Adoption | New Memorandum of Association aligned with Companies Act, 2013 |
| AOA Adoption | New Articles of Association replacing 1956 Act provisions |
| Registered Office | Approved shifting subject to regulatory approvals |
| Scrutinizer | M/s. A. Shah & Associates, Practicing Company Secretary |
The existing MOA and AOA, based on the Companies Act, 1956, require updating to align with current regulatory requirements. The proposed changes will provide enhanced clarity regarding business activities and flexibility for future expansion.
Shareholder Approval Process
All major decisions approved by the board are subject to shareholder approval through postal ballot and e-voting mechanisms. The company will issue a postal ballot notice pursuant to Section 108 and 110 of the Companies Act, 2013, read with Rule 22 and 24 of the Companies (Management and Administration) Rules, 2014.
Next Steps
The company will share the postal ballot notice in due course, allowing shareholders to vote on the proposed restructuring measures. The transformation from a steel-focused entity to a diversified multiagro business reflects the company's strategic shift toward broader market opportunities across multiple sectors.
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