Meeting Details

  • Date: Wednesday, September 30, 2026
  • Time: 11:00 A.M. (IST)
  • Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Type: 23rd Annual General Meeting
  • Basis: Conducted in accordance with General Circular no. 3/2025 dated September 22, 2025 and other circulars issued by the Ministry of Corporate Affairs

Proposed Resolutions and Implications

Ordinary Business

1. To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.

2. To appoint a director in place of Mr. Charudatta K. Naik (DIN: 00225472), who retires by rotation and, being eligible, offers himself for re-appointment.

Special Business

3. Ordinary Resolution: Appointment of Mr. Jayant Laxmikant Bhimanwar (DIN: 09033879) as a Director of the Company, liable to retire by rotation. He was appointed as an Additional Director with effect from August 6, 2026.

4. Special Resolution: Appointment of Mr. Jayant Laxmikant Bhimanwar as a Whole-time Director for a period of three years with effect from August 6, 2026. Key terms include:

  • Salary: ₹6,66,667 per month (₹80,00,000 per annum)
  • Annual increment within range of 10-30%
  • Minimum remuneration payable even in event of loss or inadequacy of profits
  • Termination by either party with three months' notice

5. Ordinary Resolution: Appointment of Mr. Abhijit Padmanabh Deshpande (DIN: 05203925) as a Non-Executive / Non-Independent Director of the Company, liable to retire by rotation. He was appointed as an Additional Director with effect from August 6, 2026.

Voting Process and Methods

  • Remote e-voting period: September 26, 2026 (09:00 A.M. IST) to September 29, 2026 (05:00 P.M. IST)
  • E-voting agency: Central Depository Services (India) Limited (CDSL)
  • Record date: September 23, 2026
  • Methods:
  • Demat account holders can vote through their Depository Participants' websites
  • Physical shareholders can vote through www.evotingindia.com
  • Venue e-voting available during AGM for those attending virtually
  • Scrutinizer: Mr. Chetan A. Joshi, Practicing Company Secretary (Membership No. FCS 7052, CP 7744)

Key Voting Outcomes

Voting results are not yet available as the meeting is scheduled for September 30, 2026. The Scrutinizer will submit a consolidated report after conclusion of voting, and results will be announced within stipulated time and hosted on the Company's website and CDSL's website.

Scrutinizer's Role and Findings

The Scrutinizer, Mr. Chetan A. Joshi, is appointed to conduct the entire e-voting process in a fair and transparent manner. He will unblock the votes cast through remote e-voting and venue e-voting immediately after conclusion of voting at AGM and submit a consolidated Scrutinizer's Report of the total votes cast in favour or against to the Chairperson or authorized person.

Compliance with Laws and Regulations

The notice confirms compliance with:

  • Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • General Circular no. 3/2025 dated September 22, 2025 issued by Ministry of Corporate Affairs
  • SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated December 9, 2020
  • SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Financial Information Disclosure

The Explanatory Statement provides key financial information:

  • FY2026 Performance: Profit After Tax of ₹77.93 crore versus FY2025 loss of ₹87.52 crore
  • Share Capital Equity: ₹1,280,911 lakhs as of March 31, 2026
  • Other Equity: Negative ₹1,802,414 lakhs (accumulated losses) as of March 31, 2026
  • Total Income: ₹141,907 lakhs for FY2026

The company continues to carry accumulated losses from earlier years and has contractual claims of approximately ₹15,01,135 lakhs from various customers.

Additional Information

  • The AGM will allow participation of up to 1000 members on first-come-first-served basis, excluding large shareholders (2%+), promoters, institutional investors, directors, KMPs, committee chairpersons, and auditors
  • Members can register to speak at AGM by sending requests to gilshares@gtlinfra.com from September 20-24, 2026
  • The Annual Report for FY 2025-26 has been sent electronically to members and is available on company website and stock exchange websites
  • Listing fees for FY 2026-27 have been paid to BSE and NSE