Generic Engineering Construction and Projects Limited announced that its board of directors concluded a meeting on January 12, 2026, without making a final decision on proposed fundraising initiatives. The meeting, which was previously intimated to exchanges on January 6, 2026, focused on evaluating potential capital raising opportunities.

Board Meeting Outcomes

The board meeting addressed fundraising proposals but determined that additional evaluation was necessary before proceeding. The directors concluded that the proposal requires comprehensive assessment of current market conditions and available structuring alternatives.

Decision Status

After deliberation, the board noted that the fundraising proposal necessitates further evaluation before any commitment can be made. The company emphasized that no decision was taken on the said proposal during this meeting session.

The board's cautious approach reflects consideration of multiple factors including:

• Assessment of prevailing market conditions
• Evaluation of available structuring alternatives
• Comprehensive review of fundraising options

Next Steps

Generic Engineering Construction and Projects Limited has committed to communicating the next course of action regarding the fundraising initiatives in due course. The company will keep stakeholders informed as the evaluation process progresses and decisions are finalized.

The meeting was chaired by Managing Director Manish Patel, who signed the official communication to both BSE Limited and National Stock Exchange of India Limited on January 12, 2026.