Pursuant to Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, we enclose herewith the Summary of proceedings of 103rd AGM.
Awaiting price reaction for this filing.
Gammon India held its 103rd AGM on 5th December 2025 via video conferencing, chaired by Mr. Vemparal Dakshinamurty. Seven resolutions were transacted, including adoption of FY25 financial statements, appointment of three directors (one Executive and two Independent), appointment of an Independent Woman Director, ratification of the cost auditor's remuneration, and appointment of a new secretarial auditor for 5 years. Shareholders raised concerns about ongoing losses, rising finance costs, and the company's delisting status. Management responded that the Securities Appellate Tribunal has ruled in the company's favour for relisting on BSE, with the NSE relisting order expected shortly, and that the debt resolution plan with lenders is in an advanced stage. E-voting results will be declared within two working days.
The AGM signals positive momentum on two key overhangs: BSE relisting has been ordered by SAT (potentially restoring trading liquidity), and the lender resolution plan is reportedly advanced, both critical for the company's revival story. However, shareholders' flagged concerns on losses and finance costs suggest financial stress persists, making the outcome of the resolution plan the key near-term catalyst.