Extra Ordinary General Meeting of the Company will be convened on Friday, June 27, 2025 at 5:00 PM through Video Conference and shall be moderated from the Registered Office of The Company ....
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Awaiting price reaction for this filing.
GEE Limited has called an EGM on June 27, 2025 at 5:00 PM via video conferencing to seek shareholder approval on five key items. First, the company wants to appoint M/s. SAPD & Co, Chartered Accountants (Kolkata) as the new Statutory Auditor to fill the casual vacancy caused by the resignation of M/s R. Dokania & Co., which cited a 'change in control of the Company' as the reason for quitting. Second, M/s. Deep Shukla & Associates is proposed as the new Secretarial Auditor for a 5-year term covering FY2025 to FY2029, following the resignation of the previous secretarial auditor. Third, Mrs. Vineeta Agrawal is being appointed as an Independent Woman Director for 5 years (June 2025 to June 2030). Lastly, both Mr. Om Prakash Agarwal and Mr. Umesh Agarwal are being redesignated as Joint Managing Directors for 5 years (June 2025 to May 2030), each with a maximum remuneration of Rs. 84 lakhs per annum plus perquisites.
Shareholders should note the auditor exit citing 'change in control' is a red flag worth monitoring, even though it has been officially described as routine. The elevation of two Agarwal-family members as Joint Managing Directors consolidates promoter control of the company's management, which may affect minority shareholders' interests going forward.