GALA Global Products Limited has paid a total fine of ₹22,420 to BSE Limited for non-compliance with SEBI listing regulations. The company faced penalties for delayed submissions of mandatory regulatory reports for the quarter ended December 2025.

Regulatory Non-Compliance Details

The company was penalized for violations under two specific regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE issued notices on February 20, 2026 and February 27, 2026, highlighting the non-compliance issues.

Board Response and Corrective Measures

The board of directors addressed the non-compliance issues during their meeting held on March 7, 2026. The board noted that the delay in filing both the Statement of Shareholder Complaints and the Corporate Governance Report was due to inadvertent oversight by the team. According to the board's statement, the reports were prepared and ready internally, but the formal submission was missed by a marginal period.

The board characterized this as a one-time procedural delay that does not reflect the underlying governance standards of the company. To prevent future recurrence, the board has mandated the implementation of a Compliance Dashboard.

Regulatory Framework and Consequences

The fines were levied under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which prescribes penal actions for non-compliance with listing obligations. BSE had warned that failure to pay the fines within 15 days could result in freezing of the entire shareholding of the promoter in the entity.

The exchange also cautioned that second consecutive quarter non-compliance for certain regulations could result in the company being transferred to the Z group and becoming liable for suspension of trading of its equity shares.

Payment and Compliance Status

The company has already remitted the full fine amount of ₹22,420 to BSE's designated virtual bank account. The board reaffirmed its commitment to maintaining the highest standards of corporate governance and ensuring future compliance with all regulatory requirements.

Gala Global Products Limited's Board of Directors has approved a substantial increase in the company's authorized share capital, marking a significant corporate development aimed at strengthening the company's financial foundation. The decision was taken during a board meeting held on March 07, 2026, and represents a major step in the company's capital restructuring strategy.

Capital Structure Enhancement

The board has approved increasing the authorized share capital from Rs. 30,30,00,000 to Rs. 53,00,00,000, subject to shareholder approval. This expansion involves creating additional equity shares while maintaining the existing face value structure.

The newly created 4,54,00,000 equity shares of Rs. 5 each will rank pari passu in all respects with the existing equity shares of the company, ensuring equal rights and privileges for all shareholders.

Memorandum of Association Amendment

Alongside the capital increase, the board has approved alterations to the company's Memorandum of Association. The existing Clause V will be substituted with a new clause reflecting the enhanced capital structure.

The proposed new Clause V will state: "The Authorized Share Capital of the Company is Rs 53,00,00,000/- (Rupees Fifty-Three Crore Only) divided into 10,60,00,000 (Ten Crore Sixty Lakhs) Equity Shares of Rs. 5/- (Rupees five Only)."

Regulatory Compliance and Next Steps

The company has informed BSE Limited about these developments in compliance with Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015. The intimation was signed by Prahlad Kumar Agarwal, Managing Director of the company.

Both the authorized capital increase and the corresponding amendments to the Memorandum of Association are subject to shareholder approval, which will be sought through appropriate corporate procedures. The company operates from its registered office in Ahmedabad, Gujarat, with branch offices across multiple states including Gujarat, Andhra Pradesh, Telangana, Uttar Pradesh, and West Bengal.