Gee Limited has submitted to the exchange the proceedings of the adjourned EGM of the company held today i.e on Monday, 12th January 2026 at 12.00 PM (IST) through video conferencing mode.
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GEE Limited held an adjourned Extra-Ordinary General Meeting (EGM) on January 12, 2026, at 12:00 PM through video conferencing. The original EGM scheduled for January 5, 2026, was adjourned due to lack of quorum and reconvened a week later. The single item of business transacted was to consider and ratify a Development Agreement dated November 24, 2025, for converting the company's leasehold land at Wagle Estate, Thane, into a commercial real estate project. A total of 4 promoter shareholders and 64 public shareholders participated, along with both Joint Managing Directors, three Independent Directors, and the statutory and secretarial auditors. Remote e-voting had commenced on January 2 and closed on January 4, 2026, with the cut-off date being December 30, 2025. The consolidated voting results are pending and will be submitted to BSE once the Scrutinizer's Report is received.
The resolution is significant as it seeks approval to monetize the company's Thane leasehold land through commercial development, which could unlock long-term value for shareholders. Investors should track the forthcoming voting results announcement for confirmation of shareholder support. The initial quorum failure on January 5 was a procedural bump, not a signal of shareholder dissent.