Generic Engineering Construction and Projects Limited — Others, 27-01-2025: Resignation

Mr. Vishesh Mahesh Nihalani has resigned as Independent Director of Generic Engineering Construction and Projects Limited effective January 22, 2025, due to personal and professional commitments. His departure also affects his roles on the Audit and Nomination and Remuneration Committees. Simultaneously, the Board has appointed Mr. Ashok Laxmikant Tiwari as an Additional Independent Director for a five-year term, pending shareholder approval.

This leadership change may prompt investor attention, potentially viewed as an opportunity for fresh insights with Mr. Tiwari's financial expertise. However, Nihalani's exit could raise short-term concerns over stability in governance.