G G Engineering Limited recently held a crucial meeting of equity shareholders to vote on a significant corporate restructuring initiative. The meeting, convened on September 26, 2025, saw shareholders approving a scheme of arrangement for the amalgamation of G G Engineering with Integra Essentia Limited.

Meeting Details

The shareholder meeting, held via video conferencing, was conducted in compliance with an order dated June 04, 2025, issued by the National Company Law Tribunal (NCLT), Mumbai Bench. The proceedings lasted from 12:31 PM to 12:41 PM IST, with 130 equity shareholders in attendance.

Key Appointments

Mr. Dinesh Deora, appointed by the NCLT, served as the chairperson for the meeting. Sh. Shreyans Jain, a Practicing Company Secretary, was designated as the scrutinizer to oversee the voting process. Additionally, Ms. Rajshree Padai was appointed as the alternate chairperson.

Voting Process

G G Engineering provided shareholders with multiple options to cast their votes:

1. Remote e-voting from September 23, 2025 (9:00 AM IST) to September 25, 2025 (5:00 PM IST)
2. E-voting during the meeting
3. Additional 15-minute e-voting window after the meeting's conclusion

Resolution Outcome

The primary agenda of the meeting was to seek approval for the "Scheme of Arrangement for Amalgamation between G G Engineering Limited (Transferor Company) and Integra Essentia Limited (Transferee Company) and their respective Shareholders and Creditors" under Sections 230-232 of the Companies Act, 2013.

Following deliberations and the voting process, the resolution for the amalgamation scheme was passed with the requisite majority, receiving approval from the equity shareholders.

Transparency and Disclosure

In adherence to regulatory requirements and to ensure transparency, G G Engineering announced that the detailed voting results would be made available through multiple channels:

• BSE Limited's website ( www.bseindia.com )
• G G Engineering's official website ( https://ggelimited.com/ )
• KFin Technologies Ltd.'s e-voting platform ( https://evoting.kfintech.com/ )

This amalgamation marks a significant step for both G G Engineering and Integra Essentia Limited, potentially reshaping their business structures and operations. Shareholders and market observers will likely keep a close watch on the implementation of this scheme and its impact on the companies' future performance.

The Odisha government has taken a significant step to bolster its aviation infrastructure by approving additional incentives for the establishment of a Maintenance, Repair, and Overhaul (MRO) facility at the Biju Patnaik International Airport in Bhubaneswar. This move is set to position the state as a key player in India's growing aviation maintenance sector.

Air Works India to Spearhead Eastern India's First Major MRO Hub

G G Engineering , renowned as India's oldest and largest third-party MRO provider, has been selected as the anchor investor to establish and operate the facility. This development marks a milestone as it will be the first major MRO hub in eastern India, potentially transforming the region's aviation landscape.

Part of Odisha's Broader Aviation Strategy

The MRO facility is a crucial component of Odisha's Building and Management of Aviation Assets and Network scheme. This initiative underscores the state's commitment to strengthening its civil aviation infrastructure, which could lead to increased connectivity and economic growth in the region.

Global and Indian MRO Market Outlook

The decision comes at an opportune time, considering the projected growth in the MRO sector:

Indian Aviation Fleet Expansion

The Indian aviation sector is poised for significant growth:

• Current fleet: Approximately 713 aircraft
• Ordered aircraft: Over 1,000 (expected delivery in 5-10 years)

Strategic Importance of Domestic MRO Capabilities

With maintenance costs accounting for 12-15% of airline revenues, the development of domestic MRO capabilities is crucial for the Indian aviation industry. The new facility in Odisha is expected to:

1. Reduce reliance on overseas MRO services
2. Improve aircraft turnaround times
3. Potentially lower maintenance costs for Indian airlines

This strategic move by the Odisha government aligns with the broader national objective of enhancing self-reliance in critical sectors and could serve as a catalyst for job creation and skill development in the aviation maintenance field.

As the project unfolds, it will be interesting to observe its impact on the local economy and its contribution to making India a hub for aviation maintenance services in the region.