Appointment of Secretarial Auditor and regularisation of directors appointed by the Board
Awaiting price reaction for this filing.
At the 31st AGM held on September 30, 2025, shareholders of GCCL Construction & Realities approved four key items. M/s. GKV & Associates was appointed as Secretarial Auditor for a 5-year term covering FY2025-26 to FY2029-30. Three directors who were initially appointed as additional directors on September 2, 2025 were regularised: Mr. Vipul R Patel (Chartered Accountant, capital market experience) and Mr. Apurva R Hathi (lawyer and capital market expert), each for a 5-year term ending September 29, 2030, and Mrs. Binoti Shah (15+ years of administrative experience). Notably, Mr. Patel and Mr. Hathi were originally appointed as Independent Directors by the Board but were regularised as Non-Executive Non-Independent Directors by the shareholders. Mrs. Binoti Shah is the wife of Mr. Amam Shah, an existing Director of the company.
Routine governance update — auditor appointment and board regularisations are procedural and unlikely to materially move the stock. The inclusion of a director's spouse (Mrs. Binoti Shah) on the board and the drop of 'Independent' status for two appointees are worth flagging for governance scrutiny.