Pursuant to regulation 44 of SEBI LODR,2015 voting result of 31st Annual General Meeting of the company.
GENCON · price
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Generic Engineering Construction and Projects Ltd held its 31st AGM on September 30, 2025, via video conferencing. All 7 resolutions put to vote were passed with the requisite majority. Key resolutions included adoption of audited financial statements for FY25 (passed with 99.99% in favour), re-appointment of Mr. Manish Ravilal Patel as a director, re-appointment of M/s Bilimoria Mehta & Co as statutory auditors, and appointment of a secretarial auditor. A material related party transactions resolution was passed with 99.86% in favour, with 1,20,000 votes declared invalid. A special resolution to waive recovery of excess managerial remuneration paid during FY24-25 was also passed with 99.48% in favour, with promoter/promoter group votes of 2,29,66,800 excluded from the count.
Routine outcome — all resolutions passed with overwhelming support, indicating shareholder approval of management's proposals. Investors should note the waiver of excess managerial remuneration for FY24-25, which signals that the company may have paid above regulatory limits to its managerial personnel and is seeking shareholder approval to not recover the excess.