GKW Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 31, 2025
GKWLIMITED · price
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GKW Limited has issued the notice for its 95th Annual General Meeting, scheduled for Thursday, 31st July 2025 at 11:00 A.M. via video conferencing. Ordinary business includes adoption of the audited financial statements for FY25 and the re-appointment of Mr. Shiva Balan, who retires by rotation. Special business includes re-appointing two Independent Directors — Mr. Kishor Shah and Mr. Mohit Bhuteria — for a second 5-year term from 23 September 2025 to 22 September 2030, through special resolutions. Shareholders are also being asked to approve, via special resolution, a board authority to give loans, guarantees, or security and to invest in other companies up to an aggregate outstanding limit of Rs. 1,500 crore (citing surplus cash flows from the Bhandup, Maharashtra land development). Additionally, M/s. MKB & Associates, Practising Company Secretaries, is proposed as the new Secretarial Auditor for five years (FY26–FY30) at Rs. 50,000 per annum. Remote e-voting via CDSL is open from 28–30 July 2025, with a cut-off date of 24 July 2025.
Primarily a routine AGM compliance filing, but shareholders should note the Rs. 1,500 crore investment and lending authority sought from shareholders, which signals the company's intent to deploy surplus cash (linked to its Bhandup land monetisation) into loans, guarantees, or investments in other entities. The re-appointments of two Independent Directors and the change in Secretarial Auditor are otherwise administrative. No immediate stock price impact is expected, though the size of the proposed investment authority may warrant attention.