Ganga Forging Limited — Board Meeting, 06-02-2025: Outcome of Board Meeting

The board meeting of Ganga Forging Limited resulted in several significant decisions. The board authorized a director to engage an advocate for legal representation concerning the freezing of specific amounts in the company’s bank accounts. Additionally, the board approved the forfeiture of application money for 1.31 crore (Cr) warrants issued in August 2023 and 0.73 crore (Cr) warrants issued in February 2023, due to non-payment despite prior notifications. These actions reflect the company’s response to resolve financial obligations effectively.