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GEE Limited will convene its Board of Directors on December 4, 2025, to ratify a development agreement for its Wagle Estate, Thane plot, finalize EGM details, and appoint a scrutineer for e-voting. The project is expected to unlock significant revenue potential for the company.
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GEE Limited has announced that its Board of Directors will meet on December 4, 2025, via video conferencing at 11:30 AM IST. The meeting will focus on key strategic and procedural matters, including the ratification of a major real estate development agreement for its land parcel in Wagle Estate, Thane. The agreement, already signed with Fen-Kin Infinity LLP, is set to transform the plot into a modern commercial project, unlocking substantial long-term value for the company and its stakeholders.
Notable Updates:
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The Board will consider and ratify the development agreement for the Wagle Estate, Thane plot, subject to members’ approval at the upcoming Extra Ordinary General Meeting (EGM).
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The meeting will finalize the date, venue, and time for the EGM, which will be crucial for shareholder approval of the project.
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Appointment of a scrutineer to oversee the e-voting process during the EGM will also be considered.
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Other matters may be discussed with the permission of the Chair.
Major Takeaways:
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The Thane development project is expected to generate revenue potential exceeding ₹400 crore over its lifecycle.
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GEE’s manufacturing facility at the site will be relocated to Bhiwandi-Kalyan, aligning with the company’s long-term growth strategy.
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The EGM will be a pivotal event for shareholders to approve the monetization of the land asset.
Important Points:
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The development agreement was formally signed on November 24, 2025.
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The project will deliver approximately 2,90,000 sq. ft. of RERA-registered constructed area to GEE as its share.
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The Board’s ratification and subsequent shareholder approval are essential for the deal to proceed.
Source: NSE Circular, GEE Limited Official Announcement
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