Gala Global Products Board Approves Authorized Share Capital Increase to Rs. 53 Crore

Gala Global Products Limited's Board of Directors has approved a substantial increase in the company's authorized share capital, marking a significant corporate development aimed at strengthening the company's financial foundation. The decision was taken during a board meeting held on March 07, 2026, and represents a major step in the company's capital restructuring strategy. Capital Structure Enhancement The board has approved increasing the authorized share capital from Rs. 30,30,00,000 to Rs. 53,00,00,000, subject to shareholder approval. This expansion involves creating additional equity shares while maintaining the existing face value structure. Parameter: Current Structure Proposed Structure Authorized Capital: Rs. 30,30,00,000 Rs. 53,00,00,000 Total Equity Shares: 6,06,00,000 10,60,00,000 Face Value per Share: Rs. 5 Rs. 5 Additional Shares Created: - 4,54,00,000 The newly created 4,54,00,000 equity shares of Rs. 5 each will rank pari passu in all respects with the existing equity shares of the company, ensuring equal rights and privileges for all shareholders. Memorandum of Association Amendment Alongside the capital increase, the board has approved alterations to the company's Memorandum of Association. The existing Clause V will be substituted with a new clause reflecting the enhanced capital structure. Amendment Details: Description Document: Memorandum of Association Clause Modified: Clause V New Capital Structure: Rs. 53,00,00,000 divided into 10,60,00,000 equity shares Approval Required: Shareholder consent The proposed new Clause V will state: "The Authorized Share Capital of the Company is Rs 53,00,00,000/- (Rupees Fifty-Three Crore Only) divided into 10,60,00,000 (Ten Crore Sixty Lakhs) Equity Shares of Rs. 5/- (Rupees five Only)." Regulatory Compliance and Next Steps The company has informed BSE Limited about these developments in compliance with Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015. The intimation was signed by Prahlad Kumar Agarwal, Managing Director of the company. Both the authorized capital increase and the corresponding amendments to the Memorandum of Association are subject to shareholder approval, which will be sought through appropriate corporate procedures. The company operates from its registered office in Ahmedabad, Gujarat, with branch offices across multiple states including Gujarat, Andhra Pradesh, Telangana, Uttar Pradesh, and West Bengal. Gala Global Products Limited has informed BSE about receiving a regulatory notice for non-compliance with shareholder complaints reporting requirements. The company disclosed this development under Regulation 30 of SEBI Listing Regulations on March 5, 2026. Regulatory Non-Compliance Details The company received an email from BSE Limited on February 20, 2026, regarding the non-submission of its statement on shareholder complaints. The violation pertains to Regulation 13(3) of SEBI Listing Regulations for the quarter ended December 2025. Parameter: Details Authority: BSE Limited Communication Date: February 20, 2026 Non-Compliance Period: Quarter ended December 2025 Violation Type: Non-submission of shareholder complaints statement Financial Implications BSE has imposed a fine on the company for this regulatory breach. The financial impact is limited to the penalty amount levied by the exchange. Financial Impact: Amount Fine Amount: ₹5,900.00 (including GST) Payment Date: March 1, 2026 Payment Status: Completed Company Response Gala Global Products Limited has taken prompt action to address the non-compliance issue. The company paid the imposed fine on March 1, 2026, demonstrating its commitment to resolving regulatory matters expeditiously. Regulatory Framework This disclosure was made pursuant to multiple SEBI circulars, including SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023, SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025. The company has confirmed that all information provided in the disclosure is true, correct, and complete to the best of its knowledge. The intimation is available on the company's website at galaglobalhub.com for stakeholder reference. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. 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