GCCL Construction & Realities Limited shareholders approved the reappointment of Devang Kirtibhai Jhaveri as Whole Time Director and the continuation of Bahubali Shantilal Shah as Non-Executive Director at its 32nd Annual General Meeting held on September 30, 2026.

The meeting, conducted at the registered office in Ahmedabad, also regularized Priyank Shirajbhai Jhaveri as an Independent Director. The consolidated scrutinizer's report details voting outcomes for six resolutions, including related party transactions with Lok Prakashan Limited. Mukesh Jiwnani of M/s. Mukesh J. and Associates served as the scrutinizer, overseeing remote e-voting via CDSL and physical polling.

Voting participation overview

A total of 12 shareholders cast votes across all items. Promoters and the promoter group held 85,74,700 shares, while public non-institutional investors held 34,26,700 shares. Public institutional investors held no shares. Total outstanding equity capital stood at 1,20,01,400 shares.

Resolutions approved

All six agenda items received approval from the votes cast. No votes were recorded against any resolution.

Item 1: Adoption of financial statements

Shareholders adopted the audited financial statements for the financial year ended March 31, 2026, along with Board and Auditor reports. 81,71,400 votes were cast in favour, representing 100% of valid votes.

Item 2: Reappointment of Binoti Shah Jatinbhai

Ms. Binoti Shah Jatinbhai (DIN: 07161243) was reappointed as she retired by rotation. 56,14,800 votes were cast in favour. Notably, 25,56,600 votes were marked invalid or abstained by promoters during e-voting for this item.

Item 3: Reappointment of Devang Kirtibhai Jhaveri

Mr. Devang Kirtibhai Jhaveri (DIN: 02372402) was reappointed as Whole Time Director for five years effective September 30, 2026. He is aged 56 years, holds a commerce degree, and has over 10 years of administrative and financial expertise. 81,71,400 votes supported the resolution, with 100% approval among valid votes. Mr. Jhaveri is not related to any other directors of the company.

Item 4: Continuation of Bahubali Shantilal Shah

A special resolution approved the continuation of Mr. Bahubali Shantilal Shah (DIN: 00347465) as Non-Executive Director post age 75. Mr. Shah, aged 75 years, is a commerce graduate with extensive experience in the family business and is the paternal uncle of director Amam Shah. 36,85,300 votes were cast in favour. A significant portion of promoter votes (40,36,100) were marked invalid or abstained.

Item 5: Regularization of Priyank Shirajbhai Jhaveri

Mr. Priyank Shirajbhai Jhaveri (DIN: 02626740) was regularized as an Independent Director for a term of five years effective September 30, 2026. Aged 43 years, he has over 13 years of experience in administrative and financial roles and is not related to any other directors. 35,68,100 votes were cast in favour. Promoters abstained or invalidated 46,03,300 votes for this item.

Item 6: Related party transactions

Approval was granted for related party transactions with Lok Prakashan Limited. 81,71,400 votes were cast in favour, with 100% approval among valid votes.

What the numbers show

The data reveals a distinct pattern in promoter engagement across different resolutions. While promoters voted enthusiastically on general matters like financial statements and WTD reappointment (voting ~79% of their holding), they significantly abstained or invalidated votes on specific director-related items. For Item 4 (Shah continuation), promoters invalidated 40,36,100 votes, and for Item 5 (Jhaveri regularization), they invalidated 46,03,300 votes. This suggests strategic non-participation or procedural abstention on specific governance appointments, despite overall unanimous support from those who voted.

GCCL Infrastructure & Projects Limited has scheduled its 32nd Annual General Meeting for September 30, 2026. The company announced a book closure period from September 24 to September 30 to determine shareholders eligible for the meeting.

The gathering in Ahmedabad focuses on governance matters, including the adoption of FY26 financial statements and specific director appointments. Management enclosed the Notice of AGM along with the Annual Report for the year ended March 31, 2026.

Governance Agenda

Shareholders will address three primary items during the session. The first involves receiving and adopting the audited financial statements for FY26, accompanied by the reports of the Board of Directors and auditors.

The second item concerns the reappointment of Sheila Bharat Shah (DIN: 02406793). She retires by rotation at this meeting and offers herself for reappointment as a Director liable to retire by rotation.

The third resolution seeks approval for Dhirendra Ansukhlal Avashia (DIN: 05145925) to continue as a Non-Executive Independent Director after attaining the age of 75 years. This aligns with Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting and Record Dates

The company mandates remote e-voting for all resolutions. The voting period runs from September 27, 2026, at 9:00 am to September 29, 2026, at 5:00 pm.

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026. This closure determines the members entitled to attend the AGM.

For e-voting eligibility, the company fixed September 23, 2026, as the cut-off date. Individual shareholders holding shares in demat mode can access voting through CDSL or NSDL platforms. Physical shareholders must use the CDSL e-Voting system. Those who vote electronically before the meeting date cannot vote at the venue.

Board Participation

Exhibit data shows varying board engagement levels for the directors involved in these resolutions. Ms. Shah attended two board meetings in FY26 and two in FY27 up to the notice date. Mr. Avashia attended eight meetings in FY26 and three in FY27.

Both directors hold no shareholding in the company as of the notice date. Neither receives remuneration from GCCL Infrastructure & Projects Limited.