Pursuant to Regulation 30 and 30A of SEBI (LODR) Regulations, 2015 ("SEBI Listing Regulations"), we hereby notify that GEE Limited ("the Company") has received letters from Smt. Vidyawati ....
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GEE Limited has informed the stock exchange about a family settlement (Consent Terms dated 19 April 2025) signed between two promoter groups of the Agarwal family. The group led by Vidyawati, Shankar Lal, and Sanwar Mal Agarwal (VDA/SLA/SMA Group) will give up all rights in the management and control of the company, and their shares will be transferred to the group led by Om Prakash Agarwal and Umesh Agarwal (OPA/UA Group). Several beneficiary trusts are also parties to the settlement but are not classified as promoters. The company itself is not a party to the agreement, and no new shares are being issued. The settlement is intended to amicably resolve past issues within the Agarwal family for long-term peace and harmony.
For shareholders, this is largely an internal promoter-group reshuffle rather than a change in the total promoter holding, so direct equity dilution or value impact is limited. However, it does consolidate control of the company with the OPA/UA Group, which may bring clarity (or concentration risk) to future decision-making and governance.