Voting Results on the business transacted at the 103rd AGM of the Company held on Friday, 5th December, 2025 at 2:30 p.m. through video conferencing / other audio-visual means.
Awaiting price reaction for this filing.
Gammon India held its 103rd AGM on 5th December 2025 via video conferencing from 2:30 PM to 3:16 PM, with 7 resolutions tabled and all passed with overwhelming majority. Key resolutions included the adoption of audited financial statements for FY ended 31st March 2025, appointment of Mr. Vemparal Dakshinamurty as Executive Director (Whole-time), appointment of Mr. Ashok Bhutada and Mr. Vishwas Joglekar as Independent Directors, appointment of Dr. Lily Bhushan as Independent Woman Director, ratification of cost auditor Pradeep Damania's payment for FY 2025-26, and appointment of M/s. Pramod Shah & Associates as Secretarial Auditor for 5 years. Promoters (holding 73.57% of outstanding shares) voted 100% in favor on every resolution. Public non-institutional participation was extremely thin at just ~0.095% of their holdings, with 91–100% of those votes in favor depending on the resolution.
Routine procedural outcome with no negative surprises — all resolutions passed comfortably, signaling stable promoter support and smooth board continuity for shareholders. The reconstitution of the board with new executive and independent directors may improve governance perception, though very low public retail voting turnout limits broader investor signal.