Intimation regarding approval and recommendation by the Board of Directors of the Company of the following - 1. Re-appointment of Mr. Pranav Deshpande (DIN 06467549) as Whole-Time Director ....
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The Board of Directors of G. G. Dandekar Properties Ltd, at its meeting held on April 1, 2025, approved the re-appointment of Mr. Pranav Deshpande (DIN 06467549) as Whole-Time Director (Executive Director) for a period of three years, effective April 6, 2025 to April 5, 2028, subject to shareholder approval at the upcoming AGM. Mr. Deshpande, aged 44, is a Financial Analyst with a Master's in Management Sciences and over 20 years of experience across finance, taxation, project management, strategy, and real estate, and has been associated with Kirloskar Group companies since 2009. He will continue to serve as Key Managerial Personnel under Section 203 of the Companies Act, 2013, and holds 40 shares in the company. The Board also recommended the re-appointment of Mr. Purab Uday Gujar as a Non-Executive Non-Independent Director liable to retire by rotation at the ensuing AGM.
This is a routine corporate governance update with no material impact on shareholders or stock price. The re-appointments ensure leadership continuity and will require shareholder approval at the upcoming AGM.