Gee Limited has informed the Exchange regarding outcome of the Board Meeting held on i.e Thursday, December 4, 2025 at 11.30 am (IST) through video conferencing from which the intimation ....
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GEE Limited's Board of Directors approved a Development Agreement to develop the company's plot located at Wagle Estate, Thane into a commercial project, subject to shareholder approval at an upcoming EGM. The Board also issued a notice convening an Extra Ordinary General Meeting (EGM) of members on January 5, 2026 at 12:00 PM (IST) via video conferencing. Additionally, Mr. Deep Shukla, Practicing Company Secretary, was appointed as the Scrutinizer to oversee the e-voting process for the EGM. The Board meeting was held from 11:30 AM to 2:45 PM on December 4, 2025.
This is a material development as the company is moving forward with monetizing its Thane plot through a commercial real estate project, which could unlock value for shareholders but still requires EGM approval. The stock may see some interest given the shift toward a commercial real estate venture.