Generic Engineering Construction and Projects Limited has announced significant changes to its board of directors following a board meeting held on April 1, 2026. The company has made two key appointments while accepting one resignation, all effective from the same date.

New Director Appointments

The board approved two strategic appointments based on recommendations from the Nomination and Remuneration Committee, both subject to shareholder approval.

Professional Background of New Appointees

Mr. Rajesh Kumar Yadav brings extensive experience with 35 years in the oil and gas sector at senior management levels. His domain expertise includes overhauling major mechanical equipment, operation and maintenance of onshore and offshore oil fields, contracts, provisioning, workshop practices, and CNC machining of components. The board confirmed he is not related to any existing directors and holds no shares in the company.

Mrs. Shital Laxmikant Lokhande holds a Bachelor of Commerce degree from the University of Mumbai and an MBA from the Indian Institute of Management, Ahmedabad. She possesses extensive expertise in taxation, finance, and accounting, with strong command over direct and indirect tax regulations, financial reporting standards, budgeting, financial analysis, and strategic planning. As the current CFO, she has been instrumental in ensuring fiscal discipline and enabling data-driven financial decision-making within the organization.

Board Resignation

Ms. Namita Ravindra Talele (DIN: 10509902) tendered her resignation from the position of Non-Executive Non-Independent Director, effective from the close of business hours on April 1, 2026.

In her resignation letter, Ms. Talele cited her inability to devote sufficient time to the company's affairs due to preoccupation with other work. She confirmed that there are no material reasons for her resignation beyond those stated. The board acknowledged her valuable contribution and guidance during her tenure with the company.

Regulatory Compliance and Next Steps

All changes comply with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed disclosures as required under the SEBI Master Circular dated January 30, 2026.

Both new appointees have been confirmed as not being debarred from holding director positions pursuant to any SEBI order or other regulatory authority orders. The company will send a postal ballot notice to shareholders for approval of the new appointments in due course.

The board meeting commenced at 7:30 p.m. and concluded at 8:00 p.m. on April 1, 2026, at the company's registered office.

Generic Engineering Construction and Projects Limited announced the approval of its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors convened on February 14, 2026, to consider and approve the quarterly financial statements in compliance with SEBI regulations.

Board Meeting Details

The Board meeting commenced at 6:30 PM and concluded at 7:40 PM on February 14, 2026. The directors approved the standalone and consolidated unaudited financial results following recommendations from the Audit Committee, as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Review and Compliance

Bilimoria Mehta & Co., the company's chartered accountants, conducted limited reviews of both standalone and consolidated financial results. Partner Aakash Mehta signed off on the review reports, confirming compliance with Indian Accounting Standard 34 (Ind AS 34) for interim financial reporting and SEBI disclosure requirements.

The auditors conducted their review in accordance with Standard on Review Engagements (SRE) 2410, which provides moderate assurance regarding material misstatements. The review process involved inquiries with financial personnel and analytical procedures, though it remains substantially less comprehensive than a full audit.

Consolidated Results Structure

The consolidated financial results encompass Generic Engineering Construction and Projects Limited along with its joint venture, Generic Bootes Construction LLP. The joint venture's financial performance showed minimal impact on overall results.

Regulatory Compliance

The financial results preparation followed established accounting principles and regulatory frameworks. The statements comply with recognition and measurement principles under the Companies Act, 2013, and presentation requirements specified in SEBI regulations. The auditors confirmed that the results disclosed all required information in the prescribed manner without material misstatements.

Manish Ravilal Patel, Managing Director with DIN 00195878, digitally signed the regulatory filings submitted to both BSE Limited and National Stock Exchange of India Limited. The company maintains its listing under scrip code 539407 on BSE and symbol GENCON on NSE.