Please find attached Notice of the AGM to be held on 28 June 2025 in continuation of our letter dated 28 May 2025.
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G. G. Dandekar Properties Ltd (formerly G. G. Dandekar Machine Works Limited, BSE scrip 505250) has fixed its 86th AGM on Saturday, 28 June 2025 at 11:00 am, to be held via video conferencing. The Register of Members and Share Transfer Books will be closed from 26 June to 28 June 2025. Remote e-voting will run from 25 June (9:00 am) to 27 June (5:00 pm), with 20 June 2025 as the cut-off date to determine voting eligibility. Key items on the AGM agenda include the re-appointment of Mr. Pranav Deshpande as Whole-Time Director (designated Executive Director) for 3 years (6 April 2025 to 5 April 2028) at a remuneration of Rs. 44.06 lakh per annum (Rs. 1.32 crore total). This remuneration qualifies as a material related party transaction at 14.89% of the company's consolidated turnover. The notice also includes re-appointment of Mr. Purab Uday Gujar as a director liable to retire by rotation, and approval of FY2024-25 financial statements.
Shareholders should note the book closure window (26-28 June) during which share transfers will not be processed, and the 20 June cut-off date for e-voting eligibility. The re-appointment of Mr. Deshpande involves a material related party transaction requiring shareholder approval, which is a standard governance matter for a small-cap company.