Ganga Forging Limited — Board/Management Information 2021

Jul 28, 2021

MFG. OF: ALL KIND OF CLOSE DIE FORGING

GANGA Corporate Office (Registered) & Works: Survey No. 55/1 P6/PI/Pi, Nr. Shree Stamping, FORGING LIMITED At. Sadak Pipaliya, Tal. : Gondal, 01st. : RAJKOT-360 311. (Guj.) INDIA Mo.: 84600 00435 E-mail : gangaforgingyahoo.co.in , infogangaforging.com URL : www.gangaforging.com

Ref: GANGAFORGE/ NSE/ Reg 30/Outcome/ BM 28th July, 2021

To,

The Manager, Listing Department National Stock Exchange of India Limited SME Platform - NSE Emerge Exchange Plaza, 5th Floor, Plot No. C/I, C Block, Bandra-Kurla Complex, Bandra Mumbai -400051.

Symbol: GANGAFORGE

Subject: Outcome of Board Meeting held today

Dear Sir/ Madam,

With reference to captioned subject matter and pursuant to Regulation 30 read with Schedule Ill to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at its meeting held on today i.e Wednesday, 28th July, 2021 and transacted following businesses:

• 1. Recommended the sub division of the face value of equity shares of the company from Rs. 10/- (Rupees Ten Only) per share to the face value of Rs. 1/- (Rupee One Only) each, subject to approval of members to be obtained by Postal Ballot through remote e-voting. (Details in Annexure 1).
• 1. To alter Clause V i.e Capital Clause of the Memorandum of Association of the company consequent to sub division of the face value of the shares, subject to approval of members to be obtained by Postal Ballot through remote e-voting. (Details in Annexure II).
• 1. Revision in terms of appointment and remuneration of Shri Hiralal Tilva as a Managing Director of the company, subject to approval of members by Passing of Special Resolution by way of Postal Ballot through remote e-voting.
• 1. Approved Postal Ballot Notice to be circulated to the members

The meeting was commenced at 04:00 p.m. and concluded at 06:00 p.m.

Request you to kindly take the same on record.

Thanking You,

Yours faithfully,

For, Ganga Forging Limited

__ILb .0 (CS Drashti Vaghasiya) Company Secretary & Compliance Officer [Membership No. A589761

MFG. OF: ALL KIND OF CLOSE DIE FORGING

GANGA Corporate Office (Registered) & Works: Survey No. 55/1 P6/P1/P1, Nr. Shree Stamping, FORGING LIMITED At. Sadak Pipaliya, Tal. : Gondal, Dist. RAJKOT-360 311. (Guj.) INDIA Mo. : 84600 00435 E-mail gangaforging@yahoo.co.in infogangaforging.00m URL: www.gangaforging.com

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Annexure I

Information for sub-division of shares as per Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) R.gulations, 2015

Particulars	Disclosures
Ratio of Sub-division	Sub division of the face value of the equityshares of the company from Rs. 10/- (Tenonly) per share to the face value of Rs. 1/-(One only) each.
	After sub division, 10 (Ten) equity shares ofRs. 1 /- (One only) each to be issued against1 (One) equity share of Rs. 10/- (.Ten only)each. (1:10)
Rational for sub division	To offer more liquidity in the shares of thecompany
Pre sub-division Share Capital
Authorized Capital	Rs. 12,00,00,000/- (Rupees Twelve CroreOnly) divided into 1,20,00,000 (One CroreTwenty Lacs) Equity Shares of Rs. 10/-(Rupees Ten only) each.
Issued, Subscribed and Paid Up Capital	Rs. 10,59,64,410/- (Rupees Ten Crore FiftyNineSixty-FourThousandLacsFourHundredandTenonly)dividedinto1,05,96,441 (One Crore Five Lac5 Ninety-SixThousand Four Hundred and forty-One)equity shares of Rs. 10/- (Rupees Ten only)each.
	Ganga Forging Limited

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GANGA Corporate Office (Registered) & Works: Survey No. 55/1 P6/P1/P1, Nr. Shree Stamping, FORGING LIMITED At. Sadak Pipatiya, Tal. : Gondal, Dist. RAJKOT-360 311. (Guj.) INDIA Mo. : 84600 00435 E-mail : gangaforgingyahOo.Co.ifl infogangaforging.com URL www.gangaforging.com

Post sub-division Share Capital
Authorized Capital	Rs. 12,00,00,000/- (Rupees Twelve CroreOnly) divided into 12,00,00,000 (TwelveCrore) Equity Shares of Rs. 1/- (Rupees Oneonly) each.
Issued, Subscribed and Paid Up Capital	Rs. 10,59,64,410/- (Rupees Ten Crore FiftyNineThousandSixty-FourFourLacsHundredanddividedonly)TenintoCrore10,59,64,410(TenFifty-NineLacsSixty-Four Thousand Four Hundred andTen) equity shares of Rs. 1/- (Rupees Oneonly) each.
Expected time of completion	Within the prescribed time specified in thisregard, if any

Annexure II

Information as per Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015

Alteration in capital clause of the Memorandum of Association of the company

Sub-division of the face value of the equity shares of the company require consequential alteration to the existing Claus? V i.e Capital clause of the Memorandum of Association (MOA) of the Company.

Board of Directors of the Company at its meeting held today has resolved to alter Clause V of the MOA of the Company subject to approval of Shareholders by Postal Ballot through remote c-voting.

Clause V of the MOA will be substituted as given below:

"The Authorised Share Capital of the Company is Rs. 12,00,00,000 (Rupees Twelve Crore Only) divided into 12,00,00,000 (Twelve Crore) equity shares of Rs. Z/- (Rupees only) each."

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