Notice of Annual General Meeting to be held on 28 June 2025
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G. G. Dandekar Properties Ltd has notified BSE that its 86th Annual General Meeting will be held on Saturday, 28 June 2025 at 11:00 a.m. via video conferencing. Share transfer books will be closed from 26 June to 28 June 2025. The cut-off date for e-voting eligibility is 20 June 2025, and remote e-voting will run from 25 June (9:00 a.m.) to 27 June (5:00 p.m.). Key items on the AGM agenda include the re-appointment of Mr. Pranav Deshpande as Whole-Time Director for 3 years (6 April 2025 to 5 April 2028) at a monthly remuneration of Rs. 3,67,210 (Rs. 44.06 lakh per year, Rs. 1.32 crore over the term). This is treated as a material related party transaction at 14.89% of the company's FY24 consolidated turnover. Also on the agenda is the re-appointment of Mr. Purab Uday Gujar as a director liable to retire by rotation. CS Bhavana Rokade has been appointed as the scrutinizer for the voting process.
Shareholders should note the 20 June 2025 cut-off for e-voting eligibility and ensure their demat/physical shareholding is updated. The re-appointment and revised remuneration of the Executive Director require shareholder approval as a material related party transaction, though the company states the proposed pay is in line with industry benchmarks. The disclosures about professional associations between certain directors are worth reviewing for governance-related voting decisions.