Shashijit Infraprojects board approved including a resolution to remove director Ajit Jain from the agenda of its upcoming annual general meeting. The move follows a special notice submitted by a significant shareholder.

The company received the notice on September 15, 2026, from member Rajesh Kumar Sodhani. Sodhani holds 90,00,000 equity shares, representing approximately 12.38% of the paid-up equity share capital. He invoked Section 115 read with Section 169(2) of the Companies Act, 2013, to propose the removal.

Board Action and Regulatory Compliance

At its meeting held on September 21, 2026, the board considered the special notice along with a written representation from Mr. Ajit Jain (DIN: 01846992) under Section 169(4) of the Companies Act, 2013. The directors approved the inclusion of the proposed resolution as Item No. 5 in the special business for the 19th Annual General Meeting scheduled for September 30, 2026.

The company will issue an addendum to the AGM notice. This document will incorporate the additional item of special business, the requisite explanatory statement, and other disclosures mandated by the Companies Act, 2013 and SEBI Listing Regulations. The addendum will be submitted to the stock exchange and made available to members.

What the Numbers Show

The concentration of voting power is notable in this corporate action. Rajesh Kumar Sodhani’s stake of 12.38% provides him with sufficient equity interest to trigger a special notice under the Companies Act, allowing a single shareholder to place a removal resolution on the ballot without requiring broader initial support from other members.

Shashijit Infraprojects Limited disclosed that its ongoing litigation regarding a leased property dispute with Vapi Municipal Corporation has been adjourned. The Hon'ble High Court of Gujarat postponed the hearing scheduled for September 14, 2026, to September 25, 2026.

The company filed this update under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure references previous updates issued on February 15, 2024, and multiple dates in June, July, and August 2026.

Case Status Details

The matter remains pending before the Gujarat High Court. No adjudication on the merits of the case has occurred as of the disclosure date. The dispute concerns leased property acquired from the Vapi Municipal Corporation, formerly known as Vapi Nagar Palika.

Regulatory Compliance

The company confirmed that the information is available on its website. The disclosure aligns with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026. No settlement terms or compensation details were reported, as the proceedings are still active.