MP’s Gwalior-Chambal Transport Company To Issue 1 Lakh Equity Shares Worth ₹10 Lakh Under Mukhyamantri Sugam Parivahan Seva, Nine Directors Approved
Bhopal (Madhya Pradesh): The first meeting of the board of directors of Gwalior-Chambal Yatri Parivahan Seva Limited was held here on Friday. At the meeting, it was decided to issue one lakh equity shares to collect Rs 10 lakh, said officials. The state government, following a Cabinet decision on April 1, 2025, had approved the formation of this company, along with its administrative structure,…
On Friday, the inaugural board meeting of Gwalior-Chambal Yatri Parivahan Seva Limited took place in Bhopal. The meeting's primary objective was to decide on issuing one lakh equity shares, generating a sum of Rs 10 lakh, according to officials. The formation of this company, along with its administrative, financial, and operational frameworks, had previously been approved by the state government through a Cabinet decision on April 1, 2025.
Abhishek Chaudhary, Gwalior's municipal commissioner, was designated as the company's executive director. The meeting, chaired by chairman Manish Singh at Mantralaya, saw the attendance of all board members, including Gwalior district collector Ruchika Chauhan and CEO of Gwalior Industrial Development Corporation, Anisha Srivastava.
Additionally, representatives from all districts within the Gwalior-Chambal division, who joined the meeting remotely, were present. The board also approved the appointment of nine nominated directors, complementing the executive director. This decision aimed to involve various districts and relevant departments in the company's operations, thereby enhancing regional administrative coordination.
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