Gujarat Winding Systems Ltd

AGM Details & Outcome

• AGM held on 29 September 2026 via e-voting/remote e-voting.
• Resolutions set out in the AGM notice approved by requisite majority.
• Scrutinizer report submitted on voting results.

AGM Details

• Date and time: 29 September 2026, 1:00 PM to 2:00 PM.
• Mode: physical meeting at registered office.

Key Resolution

• Adoption of audited P&L and balance sheet for year ended 31 March 2026, with Directors' and Auditors' Reports.
• Nature: ordinary business (financial statements adoption).

Gujarat Winding Systems Limited: Trading window closed from 1 October 2026 till end of 48 hours from submission of financial results for the quarter ended 30 September 2026

AGM Details

• AGM on 29 September 2026 at 1:00 PM, physical at the registered office.
• Register of Members closed 23 Sep 2026 to 29 Sep 2026 (inclusive).
• Remote e-voting 26 Sep 2026 09:00 AM to 28 Sep 2026 05:00 PM.
• Cut-off date for voting 22 September 2026.

Key Resolutions

• Ordinary business: adopt audited P&L and balance sheet for year ended 31 March 2026.
• Board empowered to file e-forms with Registrar of Companies.

Voting Results

• Voting results not disclosed in this filing.

Dividend

• Dividend proposal: none; directors are not recommending any dividend.

Director Changes

• Ashaben Daujibhai Sharma resigned as director on 14 March 2026.
• Shaileshbhai Chauhan died on 30 April 2025.
• Anita Ramchandani resigned as Company Secretary on 31 May 2026.
• Anita Ramchandani re-appointed as Company Secretary on 19 November 2025.

Auditor

• Statutory auditors: Nirav S. Shah & Co; remuneration to be approved at AGM.

Related Party Transactions

• All related party transactions were arm's length and in the ordinary course; no material RPTs.

Other Disclosures

• No additional resolutions listed beyond adoption of financial statements.

Financial snapshot

• Revenue from operations: 3.92 Lakhs for year ended 31 Mar 2026.
• Total income: 5.57 Lakhs for year ended 31 Mar 2026.
• Net loss after tax: 83.16 Lakhs.
• Earnings per share: 0.00; no dividend declared.
• Share capital: 485.79 Lakhs; reserves: (143.26) Lakhs.

Balance sheet highlights

• Total assets: about 344.13 Lakhs.
• Equity and liabilities align to 344.13 Lakhs.
• Equity capital and reserves reflect negative net worth.

Governance & board

• Ashaben Daujibhai Sharma resigned as director on 14/03/2026.
• Shaileshbhai Chauhan died on 30/04/2025.
• Anita Ramchandani resigned 31/05/2026; reappointed 19/11/2025.
• Six board meetings held in FY2025-26.

Audit & compliance

• Auditors: Nirav S Shah & Co; no adverse remarks.
• Accounting software audit trail not enabled during some periods.
• Secretarial Audit flagged: internal auditor, newspaper ads, director retirement, MD appointment.
• Management to strengthen internal financial controls and compliance.

Management discussion & risk

• MD&A cites downward growth and unfavorable market conditions.
• Risks include competition and raw material inflation.

Regulatory, litigation & AGM

• Pending litigations could impact financial position.
• AGM on 29 Sep 2026 at registered office; e-voting details in notice.
• Major shareholders hold around 8.18% and 5.80%.

Business profile

• Primary activity: lending and related financial services.

AGM actions

• Annual General Meeting scheduled for 29 September 2026 at 1:00 PM at the registered office.
• Directors' Report and Annual Report for FY ended 31 March 2026 approved.
• Register of Members and share transfer books closed from 23 September to 29 September 2026 for AGM.
• E-voting facilities provided from 26 September 2026 09:00 AM to 28 September 2026 05:00 PM.
• Mr. Jitendra Parmar, practicing company secretary, appointed as AGM Scrutinizer.

Regulation 29(2) disclosure

• Target Company: Gujarat Winding Systems Ltd.
• Disclosing Party: Acquirer Sanjeev Lunkad and PACs; not promoter group.
• Transaction Type: Disposal of 33,054 equity shares (0.68%).
• Pre-Transaction holding: 537,714 shares (11.07%), encumbrances: Nil.
• Post-Transaction holding: 504,660 shares (10.39%), encumbrances: Nil.
• Date of transaction: 28-08-2026.
• Mode of transaction: Open Market.
• Equity share capital before: Rs 4,85,79,000 (48,57,900 shares).
• Equity share capital after: Rs 4,85,79,000 (48,57,900 shares).
• Total diluted share capital after: NA.

Acquisition details

• Target Company: Gujarat Winding Systems Limited.
• Disclosing Party: Kreon Financial Services Limited; not promoter group.
• Transaction Type: Acquisition of voting rights via equity shares.
• Pre-Transaction Holding: 332,792 shares (6.85%), encumbrances Nil.
• Transaction Details: 30,000 shares acquired (0.62%); mode: open market; instrument: equity shares.
• Post-Transaction Holding: 362,792 shares (7.47%).
• Date of Transaction: 27 August 2026.
• Equity share capital before/after: Rs 4,85,79,000; 48,57,900 shares.
• Total diluted share capital after: Rs 4,85,79,000.

Entities and listing

• Target: Gujarat Winding Systems Limited.
• Acquirer: Kreon Financial Services Limited; PACs: none.
• Acquirer not part of promoter/promoter group.
• Listed on BSE Limited.

Pre-acquisition holding

• Pre-acquisition holding: 241,284 shares, 4.97% voting rights; no encumbrances or other instruments.

Acquisition details

• Shares voting rights acquired: 48,268; 0.99%.
• Total holdings including PACs post-acquisition: 289,552 shares; 5.96%.
• Mode: Open Market.
• Date of acquisition: 25-08-2026.
• Pre/post-equity capital: 48,57,900 shares of Rs 10 each (Rs 4,85,79,000).
• Salient features: Equity shares; pari-passu ranking.

Post-acquisition holdings and capital

• Post-acquisition holding: 289,552 shares; 5.96% VRs.
• Equity share capital after acquisition: 48,57,900 shares; Rs 4,85,79,000.

Key details

• Target Company: Gujarat Winding Systems Ltd.
• Disclosing Party: Acquirer Sanjeev Lunkad; PACs Sneha Lunkad, Rushank S.S. Lunkad, Riddhi Lunkad.
• Promoter group: No.
• Transaction Type: Disposal of equity shares.
• Pre-Transaction Holding: 632,994 shares, 13.03%.
• Transaction Details: 44,100 shares sold; 0.91% of diluted capital; Open Market.
• Post-Transaction Holding: 588,894 shares, 12.12%.
• Date of Transaction: 25-08-2026.
• Equity share capital before: Rs 4,85,79,000; 48,57,900 shares.
• Equity share capital after: Rs 4,85,79,000; 48,57,900 shares.
• Total diluted share capital: NA.