Jaiprakash Associates Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
Awaiting price reaction for this filing.
Jaiprakash Associates Limited held its 28th Annual General Meeting on September 29, 2025, via video conferencing, chaired by Chairman Manoj Gaur. Out of 6,47,516 total members as on the cut-off date, only 120 shareholders attended (3 from promoter group and 117 from public). The meeting was conducted under the framework of the ongoing Corporate Insolvency Resolution Process (CIRP), which commenced via NCLT order on June 3, 2024, with Resolution Professional Bhuvan Madan present and briefing members on CIRP developments. Eleven resolutions were transacted, including adoption of FY25 financial statements, reappointment of statutory auditors Dass Gupta & Associates for a second 5-year term (FY26–FY30), appointment of new secretarial auditors, and appointment/reappointment of directors Manoj Gaur, Pankaj Gaur, and Naveen Kumar Singh along with their remuneration approvals. Voting was conducted electronically, with results to be announced within 2 working days.
The AGM proceedings are largely procedural, but the continued reference to CIRP underscores that the company remains under insolvency resolution — shareholders should closely watch the Resolution Professional's update and the upcoming e-voting results for any signals on the company's resolution path. Director remuneration approvals and long-term auditor appointments reflect ongoing governance continuity during the insolvency period.