{"url":"https://newsforagent.com/news/2026-11-07/generic-engineering-agm-related-party-transactions","markdown_url":"https://newsforagent.com/news/2026-11-07/generic-engineering-agm-related-party-transactions.md","title":"Generic Engineering Sets ₹780 Crore Related-Party Vote at AGM","headline":"Generic Engineering to Seek Shareholder Approval for ₹780 Crore in Related-Party Transactions at 32nd AGM","description":"Generic Engineering will ask shareholders to approve ₹780 crore in FY27 related-party transactions at its November 30 AGM.","section":"Business","published_at":"2026-11-07T16:33:46+00:00","modified_at":"2026-11-07T16:33:46+00:00","author":"News Desk","key_takeaways":["Generic Engineering will hold its 32nd AGM on November 30, 2026, by video conferencing to adopt FY26 audited results.","Shareholders will vote on related-party transactions with seven entities totaling an estimated ₹780 crore for FY27.","Transactions with Trescon, D Ravilal Resource Management and Generic Bootes are each valued at ₹150 crore, about 50% of FY25 consolidated turnover."],"companies":[{"name":"Generic Engineering Constructi","is_primary":true,"profile_url":"https://akta.pro/company-profiles/003j7g8/generic-engineering-constructi","website":"https://www.gecpl.com"},{"name":"Triveni","is_primary":false,"profile_url":"https://akta.pro/company-profiles/005iacw/triveni","website":"https://triveni-group.in"}],"source":{"publisher":"ScanX","title":"Generic Engineering AGM to adopt FY26 results, approve RPTs","url":"https://scanx.trade/stock-market-news/companies/generic-engineering-agm-adopt-fy26-results-approve-rpts/55610777"},"other_sources":[],"tags":["Business","Generic Engineering Constructi","Triveni"],"body_markdown":"[Generic](https://akta.pro/company-profiles/003j7g8/generic-engineering-constructi) Engineering Construction and Projects Ltd will ask shareholders to approve material related party transactions with seven entities totaling an estimated ₹780 crore for FY27 at its 32nd Annual General Meeting on November 30, 2026. [ScanX](https://scanx.trade/stock-market-news/companies/generic-engineering-agm-adopt-fy26-results-approve-rpts/55610777) reported the agenda, which also includes adopting FY26 audited financial statements.\n\n## What the November 30 Meeting Will Decide\n\nThe 32nd AGM will be held via video conferencing. Members will vote on the standalone and consolidated financial statements for the year ended March 31, 2026, and on the appointment of Mrs. Shital Laxmikant Lokhande as Whole Time Director. She retires by rotation at the meeting, and her proposed remuneration stays on existing approved terms, with a last drawn salary of ₹21.02 lakh in FY26.\n\nThe related party resolutions cover transactions with seven entities linked to Managing Director Manish Patel or his relatives, proposed for FY27 through the date of the ensuing AGM. Transactions with Trescon Limited, D Ravilal Resource Management Private Limited and Generic Bootes Construction LLP are each estimated at ₹150 crore, roughly 50% of FY25 consolidated turnover. Bootes Generic Projects LLP is proposed at ₹100 crore, about 34% of that turnover, while Heben Chartered Resources, [Triveni](https://akta.pro/company-profiles/005iacw/triveni) Lifestyle Developers and Triveni Uplife Realtors are each at ₹60 crore, about 20%. The company said the transactions are at arm's length and in the ordinary course of business, and that each received prior Audit Committee approval. The board recommends the resolutions under Regulation 23(4) of the SEBI Listing Regulations.\n\n## Generic Engineering's Construction Business\n\nGeneric Engineering is a Mumbai-based, publicly listed Indian construction firm founded in 1972 that delivers EPC, general contracting and PMC services across residential, commercial, industrial, infrastructure, defence and renewable energy sectors, primarily in Maharashtra, according to akta.pro [company records](https://akta.pro/company-data). The same records list more than 500 completed projects, 52 years in the construction industry and more than 250 clients, with a headcount range of 101-250 and a revenue estimate of $50 million-$100 million. Its shares listed on the National Stock Exchange in February 2021, expanding trading beyond the prior BSE-only listing.\n\n## Earlier Generic Engineering Disclosures\n\nOn June 26, 2026, ScanX reported that shareholders appointed Mr. Rajesh Kumar Yadav as Independent Director and Mrs. Shital Laxmikant Lokhande as Executive Whole Time Director through a postal ballot. On the same date, Business Standard reported a 69.57% decline in consolidated net profit to Rs 1.89 crore for the quarter ended March 2026, from Rs 6.21 crore a year earlier. ScanX reported on June 25, 2026, that FY26 consolidated net profit was ₹850.46 lakh, down from ₹1,213.39 lakh in FY25, while revenue rose to ₹30,536.53 lakh.\n\n## Voting Dates for Shareholders\n\nRemote e-voting will run from November 27, 2026, to November 29, 2026. Shareholders holding shares on the cut-off date of November 23, 2026, are eligible to vote, and members attending the virtual meeting can cast votes during the session if they have not voted remotely.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}