GOCL Corporation Limited — Others, 13-06-2025: Shareholders meeting

GOCL Corporation Limited’s shareholders overwhelmingly approved the disinvestment of its wholly owned material subsidiary, IDL Explosives Limited, with 99.94% voting in favor. This strategic exit from the explosives business aims to unlock value and allows the company to focus on its core operations, potentially improving capital allocation and operational efficiency. The strong shareholder support underscores confidence in management’s plan to streamline the business portfolio.