AGM/EGM20 Aug 2026, 05:40 pm
Gangotri Textiles AGM Notice Corrigendum due to CIRP
AI Summary
Gangotri Textiles Limited (Under CIRP) has issued a corrigendum to its 37th Annual General Meeting (AGM) notice dated 15 May 2026. The National Company Law Tribunal (NCLT) admitted an application for Corporate Insolvency Resolution Process (CIRP) on 7 August 2026. Consequently, the powers of the Board of Directors are suspended, and the AGM scheduled for 21 August 2026 will be chaired by the Interim Resolution Professional (IRP), CA.G.Gunasekaran. The business agenda remains unchanged but is subject to IBC provisions and IRP directions. This corrigendum is an integral part of the original AGM notice.
Key Highlights
- AGM notice amended due to initiation of Corporate Insolvency Resolution Process (CIRP).
- Board of Directors' powers suspended; IRP to chair the AGM.
- AGM agenda remains the same but subject to IBC and IRP directives.
- Original AGM notice remains valid where not conflicting with IBC.
Price Impact
More from GANGOTRI