Generic Engineering Construction and Projects : Outcome of Board Meeting

Date: September 07, 2022
To,	To,
BSE Limited	National Stock Exchange of India Limited
Department of Corporate Services/	Exchange Plaza, C-1, Block G,
Corporate Relation Department	Bandra Kurla Complex, Bandra (E)
Phiroze Jeejeebhoy Towers,	Mumbai - 400051
Dalal Street, Mumbai - 400001
Dear Sir/ Madam,
Ref: BSE Scrip Code: 539407
NSE Symbol: GENCON
Sub: Outcome of the Board Meeting held on September 07, 2022 under Regulation 30 of	SEBI
(Listing Obligations and Disclosure Requirement) Regulations, 2015:

In terms of the Regulation 30 (Listing Obligation and Disclosure Requirements) Regulations, 2015 and other applicable provisions, we hereby inform you that the Board of Directors at their meeting held on Wednesday, September 07, 2022 have inter alia considered and approved the following amongst others:

1. On recommendation of Audit Committee, approved appointment of M/s. Ashish Deshmukh and Associates, Cost Accountant as Cost Auditor of the Company for the Financial Year ending March 31, 2023. The Brief Profile as enclosed herewith as "Annexure- I".
2. On recommendation of Audit Committee, approved appointment of M/s AVS & Associates, Practicing Company Secretaries as the Secretarial Auditor of the Company for the Financial Year ending March 31, 2023. The Brief Profile as enclosed herewith as "Annexure- I"
3. Subject to Shareholder's Approval, the Board on recommendation of Nomination and Remuneration Committee, has approved re-appointment of Mr. Tarak Gor (DIN: 01550237) as Director of the Company who retires by rotation and being eligible seeks re-appointment. The Brief Profile as enclosed herewith as "Annexure- II"
4. Subject to Shareholder's Approval, the Board on recommendation of Nomination and Remuneration Committee, has approved re-appointment of Mr. Anurag Pathak (DIN: 02627362) as Independent Director of the Company for the second term of five years. The Brief Profile as enclosed herewith as "Annexure- II"

1. Subject to Shareholder Approval, the Board on recommendation of Nomination and Remuneration Committee, has approved re-appointment of Mr. Tarak Gor (DIN: 01550237) as Executive Director designated as Chief Financial officer (CFO) of the Company for another term of 3 (Three) years w.e.f. February 11, 2023. The Brief Profile as enclosed herewith as "Annexure- II"
2. Subject to Shareholder Approval, the Board on recommendation of Nomination and Remuneration Committee, has approved re-appointment of Mr. Jayesh Rawal (DIN: 00464313) as Executive Director of the Company for another term of 3 (Three) years w.e.f. August 31, 2023 The Brief Profile as enclosed herewith as "Annexure- II")
3. Subject to the Shareholder Approval, recommended following alteration, amendment, modification in Memorandum of Association "MOA" of Company
4. 1. To alter the title of Clause III(B) with the title prescribed under Schedule I of the Companies Act, 2013 to be read hereinafter as:
      "Clause III (B): Matters which are necessary for furtherance of the objects specified in Clause III(A) are:"
   2. To delete all the objects mentioned under Part C of the Clause III "Other Objects"
   3. To delete point i. under "AND IT IS HEREBY DECLARED THAT" and renumber the point ii., iii. and iv. as i., ii. and iii.
5. Subject to Shareholder Approval, Adoption of new set of Articles of Association "AOA" of the Company in substitution of the existing AOA of the Company.
6. Subject to Shareholder Approval, the Board on recommendation of Audit Committee consider and approve following material related party transaction for the period:

Name of the	Name of Director		Nature of Services/
or KMP who is		Transactions/	Transaction value
Related Party
related		Relationship
			1.	Corporate Guarantee
D Ravilal Resource		2.	Work	Contracts	Upto an amount not
Management	Mr. Manish Patel		Service		exceeding	300
Private Limited		3.	Leasing	of	Crores
				Equipment's
Heben	Chartered		1.	Leasing	of
		Equipment's		Upto an amount not
Resources Private	Mr. Manish Patel
2.	Purchase	of	exceeding 30 Crores
Limited
			Equipment's
Triveni	Lifestyle	Mr. Manish Patel	Work Contracts Service	Upto an amount not
Developers LLP					exceeding 60 Crores
Triveni	Uplife	Mr. Manish Patel	Work Contracts Service	Upto an amount not
Realtors LLP					exceeding 60 Crores
Mavani	Creations	Mr. Manish Patel	Work Contracts Service	Upto an amount not
LLP						exceeding 30 Crores

Generic	Infra	1. Mr. Tarak Gor	1.	Work	Contracts	Upto an amount not
Speciality	Projects	2. Mr. Jayesh		Service		exceeding	600
Private Limited	Rawal	2.	Royalty		Crores
TAG	Redevelopers	Mr. Manish Patel	Work Contracts Service	Upto an amount not
LLP							exceeding 30 Crores
Natal	Engineering	Mr. Manish Patel	Work Contracts Service	Upto an amount not
Resources LLP					exceeding 30 Crores
							Upto an amount not
Trescon Limited	Mr. Manish Patel	Work Contracts Service	exceeding	100
							Crores
Integrated	Trading	Mr. Manish Patel	Work Contracts Service	Upto an amount not
Corporation					exceeding 10 Crores

1. Director's Report along with its Annexure(s) for the financial year ended March 31, 2022.
2. Pursuant to Section 91 of the Companies Act, 2013 ("Act") and applicable Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), the Register of Members and Share Transfer Books of the Company will remain closed from Saturday, September 24, 2022 to Friday, September 30, 2022 (both the days inclusive) for taking on record of the Members of the Company for the purpose of holding 28th Annual General Meeting of the Company for financial year ended March 31, 2022 and distribution of dividend.

Name of	Security	Type of	Book Closure (Both days
the Stock	Code/	inclusive)	Purpose
Security
Exchange	Symbol	From	To
BSE	539407				28th AGM for
Equity	Saturday,	Friday,	the FY ended
		March 31, 2022
		September 24,	September
		Shares	and
NSE	GENCON	2022	30, 2022
	Distribution of
					Dividend

12. Fixed the Record date as Friday, September 23, 2022 for determining the eligibility of the person for receiving the Dividend, if approved by the Shareholders in the ensuing Annual General Meeting

13. The 28th Annual General Meeting of the Members of Generic Engineering Construction and Projects Limited will be held on Friday, September 30, 2022 through Video Conferencing ('VC')/ other Audio Visual Means ('OAVM') facility pursuant to Circular No. 02/2022 dated 05th May, 2022 read with Circular No. 21/2021 dated 14th December, 2021 Circular No. 02/2021 dated 13 January, 2021 Circular No. 14/2020 dated 8th April, 2020, Circular No. 17/2020 dated 13 April, 2020, Circular No. 20/2020 dated 5th May, 2020, issued by the Ministry of Corporate Affairs ("MCA Circulars") which does not require physical presence of members at a common venue;

This is for your information and records.

Thanking you

Yours Faithfully,

For Generic Engineering Construction and Projects Limited

MANISH RAVILAL PATEL

Digitally signed by MANISH RAVILAL PATEL Date: 2022.09.08 00:06:46 +05'30'

Manish Patel

Managing Director

DIN: 00195878

Encl:

Details pursuant to Regulation 30 read with schedule III Part A of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 is annexed herewith as "Annexure I and Annexure II".

Annexure- I

Re-appointment of Cost Auditor and Secretarial Auditor of the Company

Particulars

Details

Details

Name of the Firm

M/s.

Ashish

Deshmukh

and

M/S AVS

&

Associates,

Practicing

Associates

Company Secretaries

Reason for

such

Re-appointment as Cost Auditor

Re-appointment as Secretarial Auditor

change

Date

of

September 07, 2022.

September 07, 2022.

Appointment

• Company Law Matters such as

Company

and

LLP

Formation,

Conversion of Company into LLP &

Vice Versa, Merger; Amalgamation of

Companies,

Secretarial

Audits

for

Public

/

Listed

Companies,

Compounding

of

Offences

&

Condonation

of

Delays

with

ROC/RD/NCLT etc.

M/s.

Ashish

Deshmukh

and

• Securities Laws Matters such as

Associates Firm is operational since

Periodical

Compliances

of

Listed

July 2009.

Companies (Equity / Debt), Corporate

Governance

Report, Revocation

of

Brief Profile

The Firm has experience in the field

Suspension of Trading of Shares,

of Cost Auditing, MIS System

Delisting

of

Equity

Shares,

Development, Statutory Compliance,

Reclassification

of

Shareholders

of

System

Audit

& Performance

Listed Company.

Analysis, etc.

• Foreign Exchange Management Act

(FEMA) Matters such as Consultancy

relating to FDI / ODI, FCGPR, Annual

Return of Foreign Assets &

Liabilities, Liasioning with RBI / AD

Banks etc.

Other Matters: Drafting and Vetting of

Various Deeds / Agreements / Documents

as per Company Law Compliances and any

other laws applicable, MSME Registration.

Disclosure

of

Relationship

Not Applicable

Not Applicable

between Director

Tenure

of

Financial Year 2022-2023

Financial Year 2022-2023

Appointment