Garuda Construction Announces 16th AGM on Sep 30, 2026, to Discuss FY26 Results and Related Party Transactions
Garuda Construction's 16th AGM is scheduled for September 30, 2026. The meeting will adopt FY26 financial statements and approve related party transactions up to ₹180 crore with Shree Umiya Builder, ₹250 crore with UP World Trade Centre, and ₹100 crore for working capital with Dream City Builders. M/s. Ketan Vyas & Company will be appointed Secretarial Auditors for five years.
The AGM covers crucial aspects like financial reporting, director appointments, and related party transactions, which are significant for shareholders. The appointment of secretarial auditors for a long term also indicates a structured approach to governance.
The announcement is primarily a notice for the Annual General Meeting and includes routine corporate actions like financial statement adoption, director re-appointment, and secretarial auditor appointment. While related party transactions are mentioned, they are within approved limits and are standard business practices.
Garuda Construction and Engineering Limited has announced its 16th Annual General Meeting (AGM) will be held on Wednesday, September 30, 2026, at 11:00 AM IST. The meeting will be conducted through Video Conferencing/Other Audio-Visual Means. The AGM will focus on transacting key businesses including the adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026.
Additionally, the shareholders will vote on the re-appointment of Mr. Rohit Ramanand Pareek, who retires by rotation. The meeting will also seek approval for the appointment of M/s. Ketan Vyas & Company as Secretarial Auditors for a term of five consecutive years from FY 2026-27 to FY 2030-31. The proposed remuneration for the Secretarial Auditors is ₹60,000 plus applicable taxes and out-of-pocket expenses for FY 2026.
Furthermore, the AGM will address the approval for Related Party Transactions. The company proposes to enter into contracts/arrangements/transactions with related parties, including Shree Umiya Builder & Developers, UP World Trade Centre Private Limited, and Dream City Builders (formerly known as GARUDA ARABIA). These transactions, for general sales and purchase of goods and services, and investment for working capital, are proposed for the period from April 1, 2027, to March 31, 2028, with aggregate values up to ₹180 crore, ₹250 crore, and ₹100 crore respectively. The Board of Directors has already approved these transactions on May 30, 2026.
The Notice of the AGM and the Annual Report for the financial year 2025-26 have been sent to all members via electronic mode and are also available on the company's website. The Register of Members and Share Transfer Books will be closed from September 23, 2026, to September 30, 2026, inclusive, for the purpose of the AGM.
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Garuda Construction and Engineering Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Garuda Construction and Engineering Limited. Read the original for the full detail.