Gala Global Products Ltd — Important, 15-04-2026: Company Update

The Board has decided to seek shareholder approval for initiating a Corporate Insolvency Resolution Process (CIRP) or Pre-packaged Insolvency Resolution Process (PPIRP). This critical step is being taken because the company's total liabilities significantly outweigh the realizable value of its assets. The objective is to safeguard stakeholders' interests and maintain the company's going concern value. An Extraordinary General Meeting will be convened to obtain this vital shareholder mandate, marking a crucial turning point for the company.