Gala Global Products Ltd

Dematerialisation processing

• Details of dematerialised securities for the period were furnished to all stock exchanges.
• Physical certificates received for dematerialisation were mutilated and cancelled after due verification.
• Depositories' names were substituted as registered owner within 15 days of receipt.

AGM details

• Date/time/mode: 29 Sep 2026, 11:00 A.M., via VC/OAVM.
• Voting cut-off: 22 Sep 2026; record shareholders: 35,705.
• Attendance: 30 attendees via VC/OAVM (1 promoter group, 29 public).

Key resolutions

• Resolution 1: Adopt Audited Financial Statements for FY ended 31 Mar 2026; Passed with 99.31% in favour.
• Resolution 2: Reappointment of Vishal Gala (Executive Director) by rotation; Passed 98.19% in favour; promoter votes excluded.
• Resolution 3: Approval for Related Party Transactions; Passed 98.19% in favour; related-party votes excluded.

Director changes

• Executive Director Vishal Mulchandbhai Gala reappointed; no term specified in excerpt.

Related party transactions

• Approval granted for related party transactions; counterparties not disclosed in excerpt; related party voting exclusion noted.

Governance notes

• Promoter votes totaling 79,000 shares for items 2 and 3 were not counted.

AGM details

• Date: 29 September 2026; Time: 11:00 IST; Mode: VC/OAVM.

Key resolutions

• Ordinary: adopt audited financial statements for year ended 31 March 2026.
• Ordinary: reappoint director by rotation (eligibility confirmed).
• Ordinary: approve related party transactions for FY 2026-27.

Voting status

• Voting results to be disseminated separately; not disclosed in this filing.

Directors

• Director by rotation to be reappointed.

Auditors

• No auditor appointment changes disclosed in this excerpt.

Related party transactions

• Approval of related party transactions for FY 2026-27.

Gala Global Products Ltd: Trading Window closed from Oct 1, 2026 until 48 hours after the declaration of unaudited half-year results for the period ended Sept 30, 2026

BSE fine: shareholding pattern

• BSE levied an initial fine of Rs 56,640 (incl GST), later revised to Rs 96,760.
• Delay due to data receipt and admin formalities; data now submitted.
• Board notes submission is now fully compliant.
• Fine amount Rs 96,760 is under payment; remittance to be made at earliest.
• Board meeting held on Sept 12, 2026.

SOP/SEBI promoter demat reminder

• Outstanding SOP fine equals Rs 96,760; payment due within 15 days.
• Promoter demat accounts may be frozen within 10 days if non-compliant.
• Freeze lifted only after compliance and full payment per SEBI circular.
• Fines accrue until rectified or trading suspension occurs.
• Company to inform promoters of board on compliance status.

Fine and remittance for late governance report

• Board considered BSE email on delayed Corporate Governance report for quarter ended 30 June 2026; delay unintentional.
• Fine of ₹2,360 (₹2,000 basic + ₹360 GST) paid to BSE for Reg 27(2) non-compliance.
• Delay attributed to administrative issues, not wilful default.
• Fines must be remitted within 15 days; otherwise promoter shareholding may be frozen.
• Second consecutive quarter non-compliance with Reg 17(1), 18(1), 27(2) risks Z-group transfer.
• Subject to board review, the matter will be placed at the next meeting.
• Fines table shows zero amounts for Reg 17(1), 17(1A), 17(2), 18(1) as of June 2026.
• Board reaffirmed commitment to highest standards of governance and compliance.

BSE compliance update

• Board reviewed the BSE fine for delayed shareholder complaints statement for quarter ended June 30, 2026.
• Delay occurred due to data receipt delays and was not a wilful default.
• Fine of ₹1,000 plus 18% GST (₹180) totaling ₹1,180 has been paid.
• Compliance deemed non-wilful; Board reaffirmed commitment to high governance.
• Fines must be remitted within 15 days to avoid promoter demat freeze.
• Second consecutive quarter of non-compliance could result in Z group transfer and trading suspension.
• Board will brief the Exchange at next meeting; further actions to be communicated.
• Fines payable per circular may be updated until rectification is achieved.
• Remittance details to be provided in Annexure I on company letterhead.

Rights Issue Approval

• Board approves raising up to ₹25 crore via rights issue to existing shareholders.
• Equity shares of ₹5 face value to be issued; price and ratio set by Board.
• Draft Letter of Offer approved for filing with BSE for in-principal approval.

Rights Issue Committee & Intermediaries

• Rights Issue Committee constituted with directors to oversee the issue.
• Committee to fix record date, issue price, entitlement ratio, dates.
• Authorized to appoint intermediaries/advisors and undertake approvals and filings.
• Officials empowered to finalize terms and filings with SEBI, stock exchanges, ROC.
• Record date, issue size, and opening/closing dates to be fixed by the Committee.
• Authorized to appoint bankers to the issue handling application monies and ASBA.

Regulatory Filings & Disclosures

• LOF and disclosures to be filed with BSE; Annexure I contains details.
• Disclosures per Regulation 30 SEBI LODR and updated circulars.
• Rights Issue terms to be communicated to eligible shareholders on record date.

Meeting Details

• Meeting on 12 September 2026 at Registered Office; time not disclosed.

Key Agenda Items

• Consider and approve rights issue of equity shares to existing eligible shareholders.
• Appoint intermediaries and professionals for the rights issue (Registrar, legal counsel, bankers, etc.).
• Open and operate a designated account for the rights issue and authorize banking arrangements.
• Transact any other business with the Chairman's permission.

Other Notes

• Trading window closed from 9 September 2026 until 48 hours after conclusion of 12 September 2026 meeting.