Back
Corporate News
Gujarat Themis Biosyn seeks shareholder approval for resolutions including related-party transactions
31-Jul-2026, 11:17
Gujarat Themis Biosyn Limited (GTBL) will hold an Extraordinary General Meeting on Saturday, August 22, 2026, at 12:00 PM IST in Vapi, Gujarat, to seek shareholder approval for several resolutions. Key proposals include approving a significant amount of related-party transactions, amending Article 13(1)(c) of the Articles of Association to remove a requirement for mandatory valuation reports for share issuances, and enabling a private placement of non-convertible debentures or debt securities. The company’s current debt-to-equity ratio is 0.64, with a debt service coverage ratio of 15.83, and post-borrowing ratios will be determined based on market conditions. Shareholders with related-party affiliations are required to abstain from voting on the related-party transaction resolution.
Gujarat Themis Biosyn Limited (GTBL) will hold an Extraordinary General Meeting on Saturday, August 22, 2026, at 12:00 PM IST in Vapi, Gujarat, to seek shareholder approval for several resolutions. Key proposals include approving a significant amount of related-party transactions, amending Article 13(1)(c) of the Articles of Association to remove a requirement for mandatory valuation reports for share issuances, and enabling a private placement of non-convertible debentures or debt securities. The company’s current debt-to-equity ratio is 0.64, with a debt service coverage ratio of 15.83, and post-borrowing ratios will be determined based on market conditions. Shareholders with related-party affiliations are required to abstain from voting on the related-party transaction resolution.