Outcome of the meeting of the Board of Directors - Disclosure under Regulation 30 read with Schedule III

Geecee has approved the disinvestment of a 15% stake in its non-material subsidiary, Geecee Business Private Limited, by selling 3,150 fully paid-up Equity Shares each to New Age Energy India Private Limited and Singularity Holdings Limited for a total consideration of Rs. 1,53,72,000. Following the transaction, Geecee will retain a 48% stake in GCBPL, which will transition from a subsidiary to an associate company. The transaction has been approved by the Audit Committee…