Gulf Lloyds (India) Limited has intimated the Bombay Stock Exchange about an upcoming Board of Directors meeting scheduled for Friday, 4th September 2026. The meeting will address three specific agenda items:
Agenda Items:
1. To fix the day, date, and time of the Annual General Meeting for the Financial Year ended 31st March 2026, including matters connected therewith.
2. To consider and approve a proposal for subscription to equity shares of a proposed subsidiary company. The specific terms include:
- Subscription to 9,800 equity shares of ₹10 each
- Total investment amount: ₹98,000
- This represents 98% of the proposed paid-up share capital of the subsidiary company
3. To consider and transact any other business that may be placed before the Board with the permission of the Chairman of the Meeting.
Financial Impact:
The proposed investment in the subsidiary represents a cash outflow of ₹98,000 if approved. The investment would give Gulf Lloyds a 98% controlling stake in the proposed subsidiary company.