Gala Global Products Seeks Shareholder Insolvency Process Approval

Gala Global Products Limited calls an EGM on 7th May 2026 to seek shareholder approval for initiating a formal insolvency resolution process under the IBC.
The company is in severe financial distress with liabilities exceeding asset values, necessitating either a CIRP or Pre-packaged Insolvency Resolution Process (PPIRP).
Remote e-voting is scheduled from 4th to 6th May 2026 via NSDL, with the record date set for 1st May 2026 to determine voting eligibility.