Gopal Snacks Ltd

Gopal Snacks Limited: Trading Window closed from 01 October 2026 till 48 hours after the declaration of financial results for the quarter and half year ended 30 September 2026

GST SCN – Modasa facility

• SCN under CGST Act 2017 issued for FY2022-23 at Modasa facility.
• Total demand ₹4,11,02,747: tax ₹2,25,98,806; interest ₹1,61,83,882; penalty ₹23,20,059.
• Date of receipt: 21 September 2026.
• No material impact on financials or operations.
• Company will provide information/submissions to seek drop of SCN.
• Will update exchanges if material developments arise.

Re-appointment of Chairman & MD

• Change type: re-appointment of Bipinbhai Vithalbhai Hadvani as Chairman and MD.
• Effective from Oct 01, 2026 for 5 years until Sep 30, 2031.
• Reason: completion of tenure on Sep 30, 2026; re-appointment approved.
• Profile: Founder, Chairman and MD with 30+ years in ethnic savoury sector.
• Relationships: spouse of Executive Director Dakshaben Bipinbhai Hadvani; father of CEO Raj Bipinbhai Hadvani.
• Not debarred or disqualified by SEBI or other authorities.
• Experience includes network across 13 states, 1000+ distributors, 5+ lakh retailers.

Rating Action

• Total bank loan facilities rated: ₹150.31 crore.
• Long-term rating: CRISIL A/Negative; Outlook revised from Stable; rating reaffirmed.
• Short-term rating: CRISIL A1; reaffirmed.
• Bank-wise: ICICI Bank cash credit ₹50 crore; HDFC Bank cash credit ₹100 crore; L/C ₹0.31.

AGM details

• AGM held on 18 September 2026 at 03:00 PM IST via VC/OAVM.
• Entitlement voting cut-off date: 11 September 2026.
• Remote e-voting period: 15–17 September 2026.

Key resolutions

• Item 1: Adopt Audited Financial Statements for FY ended 31 March 2026.
• Item 2: Approve total dividend of ₹1.00 per share for the year.
• Item 3: Re-appoint director retiring by rotation.
• Item 4: Special resolution to re-appoint Bipinbhai Hadvani as CMD.

Voting results

• Item 1 passed with ~99.999% in favour.
• Item 2 passed with ~99.999% in favour.
• Item 3 passed with ~99.999% in favour.
• Item 4 passed with 99.54% in favour; 0.46% against.

Dividend

• Dividend of ₹1.00 per equity share approved; amount already paid.

Director changes

• Harsh Sureshkumar Shah retires by rotation and is eligible for re-appointment.
• Bipinbhai Vithalbhai Hadvani re-appointed as CMD (special resolution).

AGM details

• AGM held on 18 September 2026 at 03:00 PM IST via VC/OAVM
• Meeting duration 03:00–04:30 PM IST; quorum present
• Remote e-voting from 15–17 Sep; on-site voting during AGM
• Scrutinizer appointed; results to be published on company site and stock exchanges

Resolutions

• Ordinary: Adoption of financial statements for year ended March 31, 2026
• Ordinary: Interim dividend of Rs 1.00 per share approved and paid
• Ordinary: Appointment of Harsh Sureshkumar Shah for re-appointment
• Special: Re-appointment of Bipinbhai Hadvani as Chairman and Managing Director

Voting status

• Voting results to be declared by Scrutinizer and published on exchanges and the company site
• Remote e-voting window: 15–17 Sep; on-site voting during AGM

Meeting Details

• Date: 21 September 2026; Event: Anand Rathi Annual Conference; Mode: Physical (one-on-one and group); Venue: Mumbai.

Participants

• Key participants: Company representative(s); roles not disclosed.

Purpose

• Purpose: Analyst/institutional investor interaction at Anand Rathi Annual Conference.

New Besan unit at Nagpur

• Commissioned a new Besan unit at Nagpur with capacity 19,642 MT per annum.
• Unit strengthens backward integration and reduces Besan transport from Rajkot to Nagpur.
• Capex largely one-time; expected to deliver recurring cost benefits over years.
• Nagpur facility is multi-product and a critical manufacturing site beyond Gujarat.

Meeting Details

• Date: 16 September 2026; Time: not disclosed; virtual group investor meeting.
• Type: Group; Mode: Virtual.
• Event/organiser: Analyst/Institutional Investor meet.
• Participants: Company representatives to attend; roles not disclosed.
• Investors: Elara Capital, Trigen Wealth, GreenEdge WS, Stylus Holding.

Meeting Details

• Date: 02 September 2026
• Type/Mode: One-on-One, Virtual meeting
• Organizer: Kiara Capital
• Event: Analyst / Institutional Investor meet

Participants

• Company representative(s) from GOPAL SNACKS LIMITED (IR/Legal liaison)

Purpose

• Purpose: Analyst/institutional investor interaction.