GHV Infra Projects Limited announced the resignation of Sadanand Shetty as Chief Financial Officer and Key Managerial Personnel, effective from the close of business hours on Wednesday, October 21, 2026. The departure follows a two-year tenure with the infrastructure company.

Resignation details and regulatory compliance

The company filed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III, Part A. The filing cites SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and Circular no. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 as governing frameworks for the disclosure.

Mr. Shetty’s resignation letter, attached to the regulatory filing, states that he is stepping down due to personal reasons. He confirmed that there are no other material reasons for his resignation apart from those stated in the letter.

Tenure and professional acknowledgment

Mr. Shetty served as the first CFO of the newly formed infrastructure entity, formerly known as Sindu Valley Technologies Limited. In his resignation note addressed to the Board of Directors, he expressed gratitude to the chief promoters, Board members, and colleagues for their guidance and cooperation during his two-year service period.

The resignation was accepted by the Board of Directors on October 21, 2026. Daksh Tulsibhai Mewada, Company Secretary & Compliance Officer, signed the official intimation to BSE Limited on behalf of the company.

Disclosure summary

GHV Infra Projects Limited has declared the voting results for its 49th Annual General Meeting held on September 25, 2026. All seven resolutions put to vote were passed unanimously with 100% of the valid votes cast in favour.

The meeting, conducted via video conferencing, saw the adoption of audited financial statements for FY26 and the appointment of three new independent directors. The scrutinizer’s report confirmed that no votes were cast against any resolution.

Board composition and governance updates

Shareholders voted on several key governance matters through remote e-voting and live e-voting. The agenda included the retirement by rotation of Mr. Shivrudrappa Anandappa Hanjage, who offered himself for reappointment. The newly appointed independent directors bring diverse expertise to the board:

• Mr. Dhanraj Onduji Tawade (DIN: 02911849): A civil engineering professional with approximately 37 years of experience in the Government of India. He retired as Member (Technical) at the National Highways Authority of India (NHAI) under the Ministry of Road Transport & Highways.
• Mr. Manoj Aggarwal (DIN: 07189255): A retired Indian Administrative Service officer of the Gujarat Cadre, 1990 batch, with over 45 years of experience in public administration and infrastructure development.
• Mr. Swarup Dasgupta (DIN: 09138124): A banking professional with over four decades of experience in corporate credit and risk management. He currently serves as Advisor - Corporate Credit with Punjab & Sind Bank.

The company confirmed that none of the appointed directors are related to existing directors or debarred from holding office by SEBI or other authorities.

Voting results and attendance details

The consolidated scrutinizer’s report provided detailed voting outcomes for each resolution. A total of 17 shareholders participated in the meeting, all through electronic means. The voting pattern was identical across all seven items, reflecting strong promoter support and minimal dissent.

The total number of votes cast was 43,481,830, representing 60.33% of the total outstanding shares of 72,075,000. Promoter and promoter group members cast 42,517,985 votes, while public non-institutional shareholders cast 963,845 votes. No institutional investors participated in the voting.

Reclassification of promoter category

A key governance update involved the reclassification of Husena A. Musamji, a member of the Promoter Group, to the Public Shareholder category. This action was taken pursuant to Regulation 31A of the SEBI Listing Regulations, following a request submitted on April 6, 2026, and subsequent board approval on May 22, 2026.

Musamji holds 37,50,000 shares, representing 5.20% of the company's equity. The reclassification was contingent on BSE Limited granting its no-objection vide letter dated August 17, 2026. Under the approved resolution, Musamji confirmed that she does not hold more than 10% of the fully paid-up equity share capital, does not exercise control over the company's affairs, holds no special rights through agreements, is not represented on the Board of Directors, and does not act as key managerial personnel. She also affirmed that she is neither a wilful defaulter nor a fugitive economic offender.

Going forward, this holding will be reported under the 'Public' category in the shareholding pattern filed with stock exchanges, effectively reducing the promoter group's disclosed stake by 5.20 percentage points.

Financial statement adoption and procedural compliance

The AGM considered the adoption of audited financial statements, including consolidated figures, for the fiscal year ended March 31, 2026. The Company Secretary confirmed that there were no qualifications, observations, or adverse remarks in the reports of the Statutory Auditors, Secretarial Auditors, or Cost Auditors that would negatively impact the company's functioning. Consequently, these reports were taken as read with member consent.

Another ordinary resolution sought to ratify the remuneration payable to the Cost Auditor for FY27. Voting results were declared by M/s Kothari H. & Associates, the appointed scrutinizers. The combined report was communicated to stock exchanges and uploaded on the company website and NSDL platform. Attendance data indicated low physical proxy presence but active digital participation:

The quorum was ascertained prior to the commencement of business. The proceedings began at 3:00 pm and concluded at 3:40 pm, including a 15-minute window for e-voting during the session. No physical attendance was recorded, with participation limited to electronic means via NSDL’s Zoom platform.