AGM/EGM7 May 2026, 06:51 pm
Gala Global Products EGM Approves Insolvency Resolution
AI Summary
Gala Global Products Ltd held an Extraordinary General Meeting (EGM) on May 7, 2026, where members approved the mandate to initiate either the Pre-packaged Insolvency Resolution Process (PPIRP) or the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The EGM was conducted via video conferencing, with 47 members present. Shareholders approved the resolution through e-voting, and the results will be declared and uploaded to stock exchanges and the company website.
Key Highlights
- Gala Global Products EGM approved initiating PPIRP/CIRP.
- The EGM was held on May 7, 2026, via video conferencing.
- Shareholders approved the resolution through e-voting.
- 47 members were present at the Extra-Ordinary General Meeting.
- E-voting results will be declared and uploaded to exchanges.