Goa Carbon Limited shareholders have successfully approved all three special resolutions through the postal ballot process conducted via remote e-voting. The voting concluded on December 15, 2025, with overwhelming support from shareholders across all proposed resolutions.

Postal Ballot Results Overview

The company announced the results on December 16, 2025, following the scrutinizer's report. All three special resolutions received strong shareholder approval with over 99% votes in favor.

Approved Resolutions

Independent Director Re-appointment

Shareholders approved the re-appointment of Mr. Subodh Nadkarni as an Independent Director for a second term of five consecutive years, effective from January 7, 2026, to January 6, 2031. The company has officially informed stock exchanges about this re-appointment pursuant to Regulation 30 of the SEBI Listing Regulations. Mr. Nadkarni brings over 40 years of industrial experience in finance, commerce, and international operations, having previously worked with Godrej Group and Sulzer Group, Switzerland.

Enhanced Borrowing Powers

The proposal to increase borrowing powers from ₹500.00 crores to ₹750.00 crores under Section 180(1)(c) of the Companies Act, 2013, received approval. This enhancement supersedes the previous resolution from July 2018 and provides the company with greater financial flexibility for existing and future business operations.

Asset Charge Creation Authority

Shareholders authorized the Board under Section 180(1)(a) of the Companies Act, 2013, to create or modify charges on the company's movable and immovable assets, including undertakings, both present and future, to secure borrowings up to ₹750.00 crores.

Voting Process Details

The remote e-voting process was conducted by MUFG Intime India Private Limited, with voting open from November 15, 2025, at 9:00 AM to December 15, 2025, at 5:00 PM. A total of 32,211 shareholders were eligible to vote as of the cut-off date of November 7, 2025. The scrutinizer Shivaram Bhat (ACS 10454) oversaw the entire process and submitted the official report.

The strong approval across all resolutions demonstrates shareholder confidence in Goa Carbon Limited's strategic direction and governance structure. These approvals position the company for enhanced operational flexibility and continued growth in the carbon industry.

Goa Carbon Limited , a leading manufacturer of calcined petroleum coke, has recently received a significant financial boost in the form of tax refunds totaling Rs 7.61 crores from the Income Tax Department. This development comes as a positive outcome for the company, potentially strengthening its financial position.

Tax Refund Details

The tax refunds received by Goa Carbon Limited are as follows:

These refunds are related to previously disallowed deductions under Section 80HHC of the Income Tax Act, which were later overturned by appellate authorities.

Impact on Financial Position

The receipt of these tax refunds is likely to have a positive impact on Goa Carbon's financial position. To put this in perspective, let's look at some key financial metrics from the company's recent balance sheet:

The tax refund of Rs 7.61 crores, while not a large percentage of the company's total assets, could still provide a welcome boost to the company's liquidity and working capital.

Implications for Investors

For investors and stakeholders in Goa Carbon Limited, this development may be seen as a positive sign. The tax refunds not only provide an immediate cash inflow but also represent a successful resolution of long-standing tax disputes. This could potentially lead to:

1. Improved cash flow position
2. Reduced tax-related uncertainties
3. Possible reinvestment opportunities for business growth

However, it's important to note that while this is a positive development, investors should consider it in the context of the company's overall financial health and market conditions.

Conclusion

The receipt of Rs 7.61 crores in tax refunds marks a favorable turn for Goa Carbon Limited. As the company navigates through its financial landscape, this additional liquidity could provide some flexibility in its operations and strategic planning. Investors and market watchers will likely keep a close eye on how the company utilizes these funds and its impact on future financial performance.