Notice of 34th Annual General Meeting of the Company
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Ganesh Housing Corporation Limited has issued the notice for its 34th Annual General Meeting to be held on Monday, September 8, 2025, at 3:00 PM via video conferencing. Ordinary business includes adoption of audited standalone and consolidated financial statements for FY25, declaration of a dividend of Rs. 5 per equity share (face value Rs. 10), and re-appointment of Mr. Shekhar G. Patel and Ms. Aneri D. Patel as directors retiring by rotation. Special business includes ratification of cost auditor remuneration of Rs. 70,000 plus GST, appointment of ALAP & CO. LLP as secretarial auditors for five years (FY26-FY30), and revision in remuneration for Mr. Shekhar G. Patel (MD & CEO) and Mr. Dipakkumar G. Patel (Whole-time Director) effective July 1, 2025. The notice also seeks shareholder approval for material related party transactions with five group companies (Rs. 300 crore each), two promoter directors (Rs. 150 crore each), and three promoter group relatives (Rs. 100 crore each), aggregating to substantial inter-group dealings for FY26.
Shareholders will vote on a Rs. 5 per share dividend, revised pay for the top two executive directors, and a large set of related party transactions (totalling over Rs. 1,900 crore) with promoter-linked entities. While the dividend and RPTs are routine, the heavy inter-group transaction volumes may draw governance attention, and shareholders should review whether these are at arm's length and in the company's interest.