GG Automotive Gears Ltd

GG Automotive Gears Ltd – Trading window closure notice

AGM details

• AGM held via VC/OAVM on 11 Sept 2026.
• Electronic voting window: 8–10 Sept 2026.
• Voting entitlement cut-off date: 4 Sept 2026.

Resolutions and outcomes

• Ordinary Resolution: Adoption of Audited Financial Statements; passed.
• Ordinary Resolution: Reappointment of director retiring by rotation; passed with 95.38% in favour and 4.62% against.

Director changes

• Director retired by rotation; reappointed.

AGM Details

• AGM held on 11 September 2026 at 11:00 IST via VC/OAVM.
• Quorum present; 51 Members attended.

Key Resolutions and Outcomes

• Adoption of audited financial statements for year ended Mar 31, 2026.
• Re-appointment of Pravin Kumar Shishodiya as Non-Executive and Non-Independent Director, retiring by rotation.
• Both resolutions deemed passed at the AGM.

AGM notice and annual report access

• 52nd AGM on Sep 11, 2026 at 11:00 IST via VC/AVM.
• Annual Report for FY2025-26 to be accessible via web link.
• Letters dispatched to shareholders without registered emails with the Annual Report link.
• Cut-off date for email registration: Aug 14, 2026.
• Reminder to update KYC details under SEBI circular and dematerialize physical securities.
• Nomination and KYC update forms available on ggautomotive.com/about-us/ or Purva Sharegistry site.

Closure and AGM details

• Book closure from 05 Sep 2026 to 11 Sep 2026 (inclusive) for 52nd AGM.
• AGM date scheduled for 11 Sep 2026.
• Purpose: to conduct the 52nd Annual General Meeting.

Financial performance

• Revenue from operations: ₹11,636.80 lakh.
• Total income: ₹11,665.59 lakh.
• Net profit after tax: ₹1,112.11 lakh.
• Earnings per share: ₹11.13.
• Paid-up capital: ₹9.99 crore.

Capital and liquidity

• Debt (gross) approx ₹30.20 crore; cash ₹8.49 crore.
• Net debt to equity: 0.37x.
• Converted 4.90 lakh warrants to equity; paid-up capital now ₹9.99 crore.
• Authorised capital unchanged at ₹10 crore.

Operations and incident

• Fire at Gear Grinding Division on 04 Feb 2026.
• Alternate manufacturing arrangements established; restoration ongoing.
• Interim insurance proceeds ₹8 crore; balance recoverable.
• No loss of life reported.

Governance and board

• Board comprises six directors; two promoter directors.
• Shri Ram Mishra appointed Independent Director on 22 Aug 2025.
• Ruchi Sogani resigned as Non-Executive Director on 22 Aug 2025.
• Audit Committee met seven times; Nomination Committee three times.

Dividend and AGM

• Dividend not declared for FY2025-26.
• 52nd AGM via VC/OAVM on 11 Sep 2026.
• Remote e-voting window: Sep 8–10, 2026.

Outlook and risks

• Industry outlook positive; focus on domestic leadership and international expansion.
• Risks include raw material volatility and tender-based exposure.
• Plan to improve working capital efficiency and cash flow generation.

Production restoration progress

• Production has been restored to levels broadly comparable with pre-fire capacity.
• Reconstruction of affected infrastructure is progressing and expected to be substantially completed by September 2026.
• Additional advanced equipment is under dispatch/implementation to enhance large gears and high-module applications.
• Insurance claim final assessment is ongoing; interim insurance proceeds have been received.
• Operations focus on normalising operations and servicing existing order book.

Financial results

• Unaudited standalone results for quarter ended 30 June 2026 approved with Limited Review Report.
• Revenue from operations: ₹1,586.07 Lakhs; Total revenue: ₹1,608.24 Lakhs.
• Profit after tax: ₹106.49 Lakhs; Basic EPS: ₹1.07.
• Audit Committee reviewed results; Board approved.

AGM related actions

• Closure of Register of Members and Share Transfer Books approved for AGM.
• Cut-off date for electronic voting approved.
• 52nd AGM via VC/OAVM; Annual Report and Notice for FY2025-26 approved.

Appointments & process for AGM

• Hemant Shetye appointed Scrutinizer; Kunal Sakpal as alternate if needed.
• Purva Sharegistry appointed to facilitate e-voting.
• Directors/Company Secretary authorized to conduct AGM and issue notices.

Internal audit & disclosures

• M/s G Rawat & Associates appointed Internal Auditors for FY2026-27.
• Regulation 30 disclosures enclosed as Annexure A.

Business and governance notes

• Single primary business segment: Manufacturing of Railway Gears.
• Previous period figures regrouped where necessary.