Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (''SEBI Listing Regulations'') it is hereby informed that the Board of Directors, ....
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GEE Ltd's board on June 02, 2025 approved sweeping changes driven by a family settlement among promoters. Executive Managing Director Sanwarmal Agarwal and Whole Time Director Shankar Lal Agarwal resigned (effective May 27, 2025), while three Independent Directors (Vinod Kumar Agarwal, Sujit Sen, and Neelam Tater), Company Secretary Aditya Jalan, statutory auditors R Dokania & Co, and secretarial auditor Chandni Maheswari also stepped down. In their place, brothers Om Prakash Agarwal and Umesh Agarwal have been appointed as Joint Managing Directors for 5-year terms, SAPD & Co has been named new statutory auditor to fill the casual vacancy, and Vineeta Agrawal joins as Independent Woman Director. The board also noted inter se share transfers among promoter group entities tied to the April 19 family settlement.
This is a major governance overhaul triggered by promoter family realignment, which brings the next generation (the Agarwal brothers) into top executive roles but raises continuity questions given the simultaneous exit of three independent directors and both statutory and secretarial auditors mid-term. Shareholders should watch the EGM on June 27 for ratification of these changes.