Outcome of Board Meeting held today on September 24, 2025
GPTINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GPT Infraprojects' board, at a meeting on September 24, 2025, noted the untimely demise of Non-Executive Chairman Late Shri Dwarika Prasad Tantia. To ensure continuity, promoter Dr. Om Tantia (DIN: 00001342), a medical practitioner with over 41 years of experience and co-founder of the group, was appointed as Additional Non-Executive Director designated as Chairman with immediate effect. The board also elevated Mr. Atul Tantia (DIN: 00001238) from Executive Director & CFO to Joint Managing Director & CFO, subject to shareholder approval. Additionally, the board approved the adoption of a new set of Memorandum and Articles of Association aligned with the Companies Act, 2013 — the new MOA reflects an authorised share capital of ₹130 crore divided into 13 crore equity shares of ₹10 each. A postal ballot notice was approved to seek shareholder consent for the MOA/AOA changes, chairman appointment, and director elevation. The CSR Committee was also reconstituted with Dr. Om Tantia as Chairman.
The change is a promoter-family succession event with no disruption to operations, and key leadership roles are filled immediately, which should reassure investors about stability. Shareholders will get to vote on the chairman appointment and director elevation via postal ballot; the MOA/AOA overhaul is a routine legal alignment and is not expected to affect share price.