Annual Report of GCCL INFRASTRUCTURE & PROJECTS LIMITED for the Financial Year 2024-25
Awaiting price reaction for this filing.
GCCL Infrastructure & Projects Ltd has filed its Annual Report for FY 2024-25 along with the Notice of the 31st Annual General Meeting, scheduled for September 30, 2025 at 11:00 AM in Ahmedabad. Ordinary business includes adoption of the audited financial statements for the year ended March 31, 2025 and the re-appointment of Mr. Amam Shah as a Director liable to retire by rotation. Special business includes regularization of Mrs. Sheila Bharat Shah (DIN: 10652912) as a Director, appointment of M/s. Shalini Pandey & Associates as the new Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, and continuation of Mrs. Sheila Bharat Shah as Non-Executive Independent Director post attaining age 75. The notice also seeks shareholder approval to raise the overall borrowing limit to Rs. 50 crores under Section 180(1)(c), grant powers under Section 180(1)(a) to create charges on company assets, and set the threshold for loans, guarantees and investments at Rs. 50 crores under Section 186. Additionally, Mr. Priyank Jhaveri is being re-appointed as an Independent Director for a five-year term ending September 3, 2030.
This is primarily a routine annual report and AGM notice for shareholder approval. The proposed borrowing limit of Rs. 50 crores suggests the company may seek to expand its debt capacity. Shareholders should review the financial statements (audited by Sorab S Engineer & Co.) and vote on the resolutions, including the change in secretarial auditor and enhanced borrowing powers, at the upcoming AGM.