Gallops Enterprise Ltd

Gallops Enterprise Limited: Trading window closed from October 1, 2026 till 48 hours after declaration/publication of Unaudited Financial Results for the quarter ended September 30, 2026

AGM details

• Date and time: 19 September 2026, 3:00 PM to 3:20 PM.
• Mode: VC/OAVM via Zoom platform.
• Record date for eligibility: 12 September 2026.
• Total shareholders on record: 1,454.
• Attendance: 2 promoters via video; 18 public attendees.

Key resolutions

• Resolution 1 (Ordinary): Adopt Audited Financial Statements and reports for FY ended March 31, 2026.
• Resolution 2 (Ordinary): Re-appoint Balram Bharatbhai Padhiyar as Director by rotation.
• Resolution 3 (Special): Appoint Riken Bhanuprasad Patel as Non-Executive Independent Director.

Voting results

• Resolution 1 passed; minor dissent from one member (100 votes).
• Resolution 2 passed; minor dissent from one member (100 votes).
• Resolution 3 passed; minor dissent from one member (100 votes).

Dividend

• No dividend proposed or declared.

Director changes

• Balram Bharatbhai Padhiyar re-appointed as Director by rotation.
• Riken Bhanuprasad Patel appointed as Non-Executive Independent Director.

Auditors

• No auditor changes reported.

Material related party transactions

• No material related party transactions were approved.

Other material approvals

• No other material approvals reported.

AGM details

• Date/time: 19 Sep 2026, 3:00–3:20 PM IST, via VC on Zoom.
• Chairman: Balram Padhiyar presided as Chairman.
• Remote e-voting: Sep 16–18; ends 5:00 PM; results pending Scrutinizer report.
• Scrutinizer: PRASAD AND PARTNERS LLP appointed; results to be declared after report.
• Meeting held through VC/OAVM per MCA/SEBI guidelines; proxies dispensed.

Resolutions

• Ordinary: adopt Audited financial statements for year ended Mar 31, 2026.
• Ordinary: re-appoint Balram Bharatbhai Padhiyar, retiring by rotation.
• Special: appoint Riken Bhanuprasad Patel as Non-Executive Director.

Voting status

• Voting results pending; to be declared after Scrutinizer’s report and website placement.

Director changes

• Re-appointment by rotation: Balram Bharatbhai Padhiyar.
• Appointment: Riken Bhanuprasad Patel as Non-Executive Director.

Book closure details

• Book closure from 13 September 2026 to 19 September 2026 inclusive for AGM.
• Purpose: for Annual General Meeting of the company.
• AGM date: 19 September 2026, 03:00 P.M. IST, via VC/OAVM.
• Security: Equity shares.

Financial highlights

• Revenue from operations: Rs 0.08 lakh.
• Total income: Rs 5.14 lakh.
• Profit after tax: Rs 4.61 lakh.
• Total expenses: Rs 0.53 lakh.
• PAT rose from Rs -17.63 lakh to Rs 4.61 lakh.
• Basic EPS: Rs 0.09.
• Dividend declared: None for FY2025-26.
• Net cash from operating activities: Rs -16.55 lakh.
• Cash and cash equivalents: Rs 46.31 lakh.
• No borrowings outstanding.

Capital structure

• Authorized share capital: Rs 550 lakh.
• Issued share capital: 50,11,400 shares (Rs 501.14 lakh).
• No change in share capital during the year.
• Equity at year-end: Rs 136.52 lakh.
• Retained earnings: Rs (364.62) lakh.
• Total assets: Rs 139.23 lakh.

Governance & board changes

• Board size: five directors; MD Balram Padhiyar.
• Bhanubhai Ambalal Patel resigned 31-03-2026.
• Riken Bhanuprasad Patel appointed Independent Director from 13-05-2026.
• Payal Banwari resigned 30-06-2026.
• CFO changes: Solanki resigned 07-10-2025; Hemant Bhatkar appointed 13-05-2026.
• 32nd AGM via VC/OAVM on 19-09-2026.

Audit & compliance

• Statutory auditor: S K Jha & Co; no qualifications.
• Secretarial auditor: ALAP & Co. LLP; UPSI entry delays noted.
• Internal controls adequate and effective per COSO framework.
• No fraud reported by auditors.

Related party transactions

• RPTs are arm's length and not material.
• Payal Banwari salary: Rs 2.16 lakh.
• Gallops Infrastructure Limited: Rs 7.21 lakh expenses.
• Omnibus approvals used for repetitive RPTs.

Operations & outlook

• Core business: real estate, development, contracting.
• Outlook: housing demand remains robust; expansion in MMR, Pune, Bengaluru.
• Strategy includes annuity income and Palava BTS data centers.
• Risks: competition, cyclicality, economic slowdown, climate risk.
• Risk management framework reviewed by Audit Committee.

Other disclosures

• Registered office shifted to Ambli, 101-108 Palak Prime, 2026.
• CSR not applicable for 2025-26.
• Subsidiaries: none.
• Post-year events: none material.

AGM details

• 32nd AGM scheduled for 19 September 2026 at 03:00 PM IST via VC/OAVM.
• Register of Members closed 13–19 September 2026 (inclusive) for AGM.
• Remote e-voting from 09:00 on 16 Sep 2026 to 5:00 PM on 18 Sep 2026.
• Cut-off date for voters is 12 September 2026.
• E-voting available during AGM; deemed venue is the registered office.

Resolutions

• Adopt audited financial statements for the year ended 31 March 2026.
• Reappoint Balram Bharatbhai Padhiyar as Managing Director, retires by rotation.
• Appoint Riken Bhanuprasad Patel as Non-Executive Independent Director for five-year term.

Voting status

• Voting outcomes not disclosed in the AGM notice.

Director changes

• Balram Bharatbhai Padhiyar reappointed as MD per rotation requirements.
• Riken Bhanuprasad Patel appointed as Non-Executive Independent Director for five years.

Meeting Details

• Board meeting scheduled for August 13, 2026; time and venue not disclosed.

Key Agenda Items

• Unaudited financial results for the quarter ended June 30, 2026 to be considered.

Other Notes

• Trading window closed for insiders since July 1, 2026.

Dematerialisation processing and ownership update

• Dematerialisation requests processed; securities listed on stock exchanges.
• Physical certificates for dematerialisation were mutilated and cancelled; depository's name substituted as registered owner within prescribed timelines.

Resignation of CS & CO

• Type of change: Resignation from CS & Compliance Officer role.
• Person/role: Payal Ravi Banwari, ACS-49145, Company Secretary & Compliance Officer (KMP).
• Effective date: 30 June 2026, after business hours.
• Reason: Personal reasons.
• Resignation letter dated 30 June 2026.