Gala Global Products Ltd — Important, 14-04-2026: Company Update

The company's board has announced its decision to seek shareholder approval for initiating an insolvency process. This move comes after the board noted that the company's total liabilities significantly exceed the realizable value of its assets. To protect stakeholder interests and preserve company value, the board will convene an Extraordinary General Meeting (EGM) to obtain a special resolution. This strategic step aims to address the challenging financial position and explore resolution mechanisms for long-term viability.