Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosures Requirements), Regulations, 2015, we hereby submit the Annual Report for the Financial Year 2024-25 of Gammon India Limited.
Awaiting price reaction for this filing.
Gammon India has submitted the Notice of its 103rd Annual General Meeting and the Annual Report for FY 2024-25 to BSE and NSE. The AGM is scheduled for Friday, 5th December 2025 at 2:30 PM, to be held via video conferencing. Ordinary business includes adoption of audited standalone and consolidated financial statements for the year ended 31st March 2025. Special business includes appointment of Mr. Vemparala Dakshinamurty (age 77) as Whole-time Director (Executive Director) for 3 years from 24th October 2025 with remuneration of Rs. 28 lakh p.a. rising to Rs. 32 lakh p.a., appointment of two Independent Directors (Mr. Ashok Bhutada and Mr. Vishwas Joglekar) for 5-year terms, ratification of cost auditor remuneration of Rs. 70,000, and appointment of M/s Pramod S. Shah & Associates as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30). The company has not paid any dividend since FY 2012-13. Remote e-voting runs from 2nd to 4th December 2025.
The filing is primarily procedural — submission of AGM documents — with no operational or financial surprises. Shareholders will vote on board appointments and auditor ratifications; the appointment of a 77-year-old Executive Director may draw attention, but the long tenure signals continuity. No dividend, consistent with prior years.