AGM approves Whole Time Director re-appointment, continuation of director past 75, Independent Director regularization

Shareholders at the 32nd AGM (30 Sep 2026) approved: ✅ Mr. Devang Kirtibhai Jhaveri's re-appointment as Whole Time Director for five years ✅ Mr. Bahubali Shantilal Shah continuing as Non-Executive Director past 75 ✅ Mr. Priyank.

Sat 3 Oct 2026

AGM

32nd AGM held on 30 September 2026

Resolution Approved

Re-appointment as Whole Time Director for a period of five years

Resolution Approved

Continuation as Non-Executive Director post attaining the age of 75 years

Resolution Approved

Regularization of Additional Independent Director as Independent Director

Voting Result Reference

Scrutinizer Report and Voting Result dated 03 October 2026

What was disclosed

GCCL Construction & Realities Ltd has informed BSE that the shareholders at the Company's 32nd Annual General Meeting (AGM), held on 30 September 2026 at the registered office of the company, have approved three resolutions. The company states that the disclosure follows the Scrutinizer Report and Voting Result dated 03 October 2026.

The three resolutions approved

• Re-appointment of Mr. Devang Kirtibhai Jhaveri (DIN: 02372402) as Whole Time Director of the company for a period of five years.
• Continuation of directorship of Mr. Bahubali Shantilal Shah (DIN: 00347465) as a Non-Executive Director of the company post attaining the age of 75 years.
• Regularization of Additional Independent Director Mr. Priyank Shrirajbhai Jhaveri (DIN: 02626740) by appointing him as an Independent Director of the company.

A quick look at the three directors

• Mr. Devang Kirtibhai Jhaveri, aged 56 years, is a commerce graduate with more than 10 years of experience in administrative and financial areas.
• Mr. Priyank Shrirajbhai Jhaveri, aged 43 years, is a commerce graduate with more than 13 years of experience, along with administrative and financial expertise. The annexure notes that he was appointed as Additional Non-Executive Independent Director with effect from 04 September 2026, and the shareholders regularized him.
• Mr. Bahubali Shantilal Shah, aged 75 years, holds a Bachelor of Commerce degree and has dedicated his career to driving his family's business forward.

Relationships and other annexure details

• Mr. Priyank Shrirajbhai Jhaveri and Mr. Devang Kirtibhai Jhaveri are not related to any of the directors of the Company.
• Mr. Bahubali Shantilal Shah is the paternal uncle of Mr. Amam Shah, a Director of the Company.
• All three are not debarred from holding the office of Director by any SEBI order or any other such authority.

How a retail investor can read this

These are board-composition decisions that shareholders have voted on and approved. The re-appointment of the Whole Time Director gives continuity in the executive role for a five-year term; the continuation of Mr. Bahubali Shantilal Shah keeps his directorship in place past the age of 75 years; and the regularization confirms Mr. Priyank Shrirajbhai Jhaveri as an Independent Director after he joined as an additional director with effect from 04 September 2026.

For an investor tracking governance, the takeaways are continuity in the executive seat and a confirmed board composition across the non-executive and independent positions.

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