Shashijit Infraprojects Ltd

Shashijit Infraprojects Limited: Trading window closed from 1 October 2026 until 48 hours after declaration of the financial results for quarter and half year ended 30 September 2026.

AGM and removal proposal

• AGM date/time/mode: 30 Sep 2026, 3:00 PM IST, via VC/OAVM.
• Voting eligibility: members on the Register as of mid-September 2026.
• Item 5: Ordinary removal of the Chairman & MD from the Director post.
• Special Notice: Proposer holds ~12% stake.
• Board view: does not recommend approval.
• Explanatory statement cites grounds: non-performance, no value creation, governance concerns.
• If approved, removal takes effect as per applicable law.
• No other material business disclosed.

Key Decisions

• Board approved adding removal of Mr. Ajit Jain as a special business item at the AGM.
• Addendum to AGM Notice will include the removal item with explanatory statement.
• Addendum will be submitted to the Stock Exchange and made available to members.
• Special Notice dated 15 September 2026 proposes removal of Ajit Jain; Sodhani holds 12.38%.
• Board noted Ajit Jain's written representation under Section 169(4) of the Companies Act.
• AGM remains scheduled for 30 September 2026.

Leased-property dispute status

• Case listed Sept 14, 2026; hearing not taken up; adjourned to Sept 25, 2026.
• Pending before the Gujarat High Court with no adjudication on merits as of disclosure.

GST Show Cause notice

• Company received Demand-cum-Show Cause Notice (DRC-01) from Central GST, Daman Commissionerate.
• Notice relates to FY 2022-23 GST return scrutiny.
• Total proposed liability ₹3,51,327 comprising excess ITC ₹93,177, late fees ₹15,650 and interest ₹2,42,500.
• Excess ITC relates to ₹93,177 in GSTR-3B vs ITC in GSTR-2A for FY 2022-23.
• Violations include non-payment of late fees and interest under CGST Act 2017; adjudication to follow.
• Date of receipt: 9 September 2026; no material operational impact indicated.

Record date details

• Record date fixed 23 September 2026 to determine AGM attendance via VC/OAVM and e-voting eligibility.