GCCL Infrastructure & Projects Limited has formally notified BSE Limited about an upcoming board meeting scheduled for Tuesday, February 10, 2026. The meeting, convened under Regulation 29 of SEBI (LODR) Regulations, 2015, will address several critical corporate matters including the review of quarterly financial performance and key governance decisions.

Financial Results Review

The primary agenda item involves consideration and approval of the company's unaudited financial results for the quarter ended December 31, 2025, along with the Limited Review Report. This quarterly review represents a crucial milestone for stakeholders seeking insights into the company's Q3FY26 performance.

Corporate Governance Matters

The board will deliberate on significant governance issues during the meeting:

Extra-Ordinary General Meeting Preparations

The board will consider and approve the draft notice for an Extra-Ordinary General Meeting of members to seek necessary approvals for the directorship continuation matter. Additionally, the appointment of a scrutinizer for the e-voting process will be finalized to facilitate the proposed Extra-Ordinary General Meeting.

Trading Window Restrictions

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct, GCCL Infrastructure has implemented trading window restrictions. The trading window for dealing in company securities remains closed for all designated persons and their immediate relatives until 48 hours after the announcement of unaudited financial results for the quarter ended December 31, 2025.

Company Information

GCCL Infrastructure & Projects Limited operates under CIN: L45400GJ1994PLC023416 and trades on BSE with scrip code 531375. The formal notification was signed by Director Amam Shreyans Shah (DIN: 01617245) on February 2, 2026, ensuring compliance with regulatory disclosure requirements.

ARSS Infrastructure Projects Limited successfully conducted its Extra-Ordinary General Meeting on December 9, 2025, securing shareholder approval for six crucial special resolutions designed to facilitate corporate revival and implement the Resolution Plan approved under the Insolvency and Bankruptcy Code, 2016. The meeting, held through video conferencing, saw participation from 58 shareholders holding 1,254 equity shares, representing 0.003135% of the company's paid-up capital.

Capital Restructuring and Authorization

The most significant resolution involved a comprehensive restructuring of the company's authorized share capital. Shareholders approved the increase from the existing ₹55.00 crores to ₹110.00 crores, accompanied by a reclassification of the capital structure.

This restructuring involved reclassifying the existing 1.50 crore preference shares into equity share capital and creating additional equity share capital to achieve the revised structure. The Memorandum of Association was consequently amended to reflect these changes.

Financial Empowerment and Borrowing Framework

Shareholders granted substantial financial flexibility by approving borrowing limits up to ₹5,000.00 crores, exclusive of interest. This authorization supersedes all earlier resolutions and permits the Board to borrow from various sources including banks, financial institutions, government bodies, and other entities through multiple instruments.

Additionally, the creation of charges on company assets was approved to secure these borrowings, with provisions for charges to rank pari passu with existing mortgages or be subordinate to future charges.

Executive Remuneration Approvals

The meeting approved remuneration packages for key executive positions, effective from September 29, 2025. Mr. Dipti Ranjan Patnaik, Executive Director and Chairman, received approval for monthly remuneration of ₹50.00 lakhs, while Mr. Gopal Krishna Dash, Managing Director, was approved for ₹2.00 lakhs per month for a three-year tenure ending September 28, 2028.

Board Composition and Governance

Shareholders approved the appointment of Mr. Manoranjan Panigrahy as an Independent Director for a five-year term from October 31, 2025, to October 30, 2030. This appointment strengthens the board's independence and governance framework as the company moves forward with its restructuring plans.

Resolution Implementation Context

Chairman Dipti Ranjan Patnaik emphasized that these resolutions are essential for implementing the Resolution Plan submitted by Ocean Capital Market Limited, which was approved by the Committee of Creditors and the NCLT Cuttack Bench. The plan aims to revive operations, restore financial health, infuse fresh working capital, and clear legacy liabilities following the Corporate Insolvency Resolution Process.

All six special resolutions were passed with requisite majority through the e-voting process conducted by NSDL, with CS Jyotirmoy Mishra serving as the scrutinizer. The voting results demonstrated strong shareholder support, with over 99.98% votes in favor across all resolutions, reflecting confidence in the company's restructuring strategy and future prospects.