Generic Engineering Construction and Projects Limited has informed the Exchange about Shareholders meeting
GENCON · price
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The company has issued a postal ballot notice seeking shareholder approval via remote e-voting for two board appointments. First, Mr. Rajesh Kumar Yadav (61), a mechanical engineer with 35 years of experience, is being appointed as Non-Executive Independent Director for 5 years effective April 1, 2026. Second, Mrs. Shital Laxmikant Lokhande (40), currently serving as CFO with an MBA from IIM Ahmedabad, is being appointed as Whole-time Executive Director for 5 years at a monthly salary of Rs. 1.30 lakh (with a maximum of Rs. 5 lakh), plus 0.80% commission on net profits. Both appointments were initially made by the Board on April 1, 2026, and now require shareholder approval through this special resolution. The e-voting period runs from May 27, 2026 to June 25, 2026.
Shareholders should note these are routine board strengthening appointments. Mrs. Lokhande's appointment formalizes her CFO role into an executive directorship, while Mr. Yadav joins as an independent director. No immediate material impact on stock price expected from these standard governance appointments.