Gee Limited has submitted to the exchange the notice of the adjourned Extra Ordinary General Meeting of the company to be held on Monday, January 12, 2026 at 12.00 PM (IST) through video ....
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GEE Limited has filed notice for an adjourned Extra-Ordinary General Meeting (EGM) to be held on Monday, January 12, 2026 at 12:00 PM via video conferencing. The original EGM on January 5, 2026 was adjourned due to lack of quorum. The only resolution on the table is shareholder ratification of a Development Agreement dated November 24, 2025, entered into with Fen-kin Infinity LLP and Avioncrest Construction LLP. The deal covers a 13,391 sq. meter leasehold land parcel at Wagle Industrial Estate, Thane, earmarked for a modern commercial project. In exchange for transferring development rights, GEE Limited will receive approximately 2.90 lakh sq. ft. of RERA-registered constructed area as its share. As part of the transition, the company will relocate its existing manufacturing operations from Thane to its Bhiwandi-Kalyan plant.
This is a meaningful asset-monetization move that could unlock long-dormant value from GEE's Thane landholding, with shareholders receiving built-up commercial area plus future revenue potential from the project. However, execution risk lies with the developer, and the manufacturing shift to Bhiwandi-Kalyan may bring short-term operational adjustment. Investors should watch the January 12 EGM outcome for approval clarity.