AGM Details

  • Date: Tuesday, 29th September 2026
  • Time: 11:30 AM IST
  • Mode: Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Record Date: Friday, 18th September 2026
  • Share Transfer Book Closure: 22nd September 2026 to 29th September 2026 (both days inclusive)

Ordinary Business

1. Adoption of Audited Financial Statements

To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March 2026, together with Reports of Board of Directors and Auditors.

2. Re-appointment of Director Retiring by Rotation

To re-appoint Mrs. Payal Keval Goradia (DIN: 08101269) as Director who retires by rotation and being eligible offers herself for re-appointment.

Special Business

3. Regularising Appointment of Independent Director

To appoint Mr. Naresh Anantrai Bhuva (DIN: 10417442) as Independent Director for a term of five consecutive years commencing from 4th September 2026. He was appointed as Additional Director (Independent Director) with effect from 4th September 2026 and holds office up to the date of this AGM.

Director Profile:

  • Date of Birth: 26-01-1968
  • Qualification: Bachelor of Commerce
  • Experience: More than 2 decades in corrugated boxes manufacturing & operations
  • No equity shares held: Nil
  • Relationship with other Directors/KMP: None

4. Approval of Material Related Party Transaction(s)

To approve potential sale of manufacturing unit to Promoters/Promoters Group for an aggregate value up to ₹15.00 crore.

Transaction Details:

  • Nature: Sale and disposal of Land/Factory/Manufacturing unit
  • Related Parties: Promoter and members of Promoter Group including Mr. Keval Harshad Goradia (DIN: 07295358), Mrs. Payal Keval Goradia (DIN: 08101269) and Ms. Pooja Harshad Goradia
  • Relationship: Promoter and Promoter Group holding 52.96% of paid-up equity share capital
  • Asset Description: Four contiguous non-agricultural industrial plots (Plot Nos. 276, 277, 287, 288) admeasuring 4,016.54 sq. mtrs. at "Radhamadhav Eco Industrial Park", Village Degam, Taluka Vapi, District Valsad, Gujarat
  • Carrying Value: Cost of acquisition of land ₹1.18 crore (February 2022)
  • Basis of Pricing: Not lower than higher of values assessed by independent registered valuers or Jantri (ready reckoner) value

5. Approval for Sale of Manufacturing Unit under Section 180(1)(a)

Special Resolution to approve sale/transfer/disposal of Vapi manufacturing unit to any buyer (related or unrelated) comprising:

  • Land: Plot Nos. 276, 277, 287, 288 (Survey Nos. 1028, 1029, 1039, 1040)
  • Area: 4,016.54 sq. mtrs. aggregate
  • Structures: Approximately 42,000 sq. ft.
  • Location: Village Degam, Taluka Vapi, District Valsad, Gujarat
  • Consideration: To be determined by Board at best realizable value

Rationale for Unit Sale

  • Expansion not progressed as envisaged due to subdued demand, escalated costs, and elevated borrowing costs
  • Vapi Unit contributes less than 20% of total revenue (FY26 standalone turnover: ₹27.24 crore)
  • Principal manufacturing operations continue at Palghar facility
  • Funds required for working capital and redeployment in existing operations
  • Unit is under-utilized and non-core asset

Safeguards for Related Party Transaction

  • Consideration not lower than higher of independent valuation or Jantri value
  • Market testing through offers from unrelated parties first
  • Full consideration receivable before execution of conveyance deed
  • Prior approval of Audit Committee through independent members
  • Interested Directors excluded from deliberations and voting

Voting Information

  • Remote e-voting period: 25th September 2026 (9:00 AM) to 28th September 2026 (5:00 PM)
  • E-voting agency: National Securities Depository Limited (NSDL)
  • Scrutinizer: M/s. M. R. Bhatia & Co., Company Secretaries
  • Voting restrictions: Related parties to abstain from voting on Item No. 4

Additional Information

  • Annual Report for FY 2025-26 uploaded on company website: www.gkpl.in
  • Explanatory statement pursuant to Section 102 of Companies Act, 2013 provided
  • Documents available for inspection at registered office during working hours
  • Members may submit questions in advance to gkpcompliance@gmail.com