Outcome of AGM
Awaiting price reaction for this filing.
At the AGM held on September 29, 2025, shareholders of Jaiprakash Associates approved several key items. Statutory Auditors Dass Gupta & Associates were reappointed for a second 5-year term covering FY2025-26 to FY2029-30. VKC & Associates were appointed as Secretarial Auditors for the same 5-year period. Three directors were appointed as Executive Directors for 1-year terms: Manoj Gaur (promoter, son of Chairman Emeritus Jaiprakash Gaur, formerly Executive Chairman & CEO since 2006), Pankaj Gaur (currently Managing Director, overseeing hydro projects in India, Nepal and Bhutan), and Naveen Kumar Singh (formerly Whole Time Director, with Jaypee Group since 1997). The company confirmed none of the three director appointees are debarred by SEBI or any other authority.
These are largely routine reappointments that maintain board and audit continuity. The notable change is the redesignation of the three key directors — from Chairman & CEO, MD and Whole Time Director — to the single title of Executive Director, which represents a governance restructuring worth monitoring. No negative signals for shareholders in this filing.