Corporate News
Ceejay Finance shareholders will vote on resolutions concerning significant related party transactions and the reappointment of Managing Director Deepak Patel. The company projects inter-corporate deposits totaling Rs 5000 Lakhs to Rs 15000 Lakhs with Ceejay Microfin Limited and Ceejay Tobacco Limited, alongside loans with tenures of 20 years and donations of Rs 50 Lakhs to the Chhotabhai Jethabhai Patel Charitable Trust. Mr. Patel, born July 5, 1961, is slated for reappointment for five years, from September 1, 2026, to August 31, 2031, a decision supported by the board due to his extensive experience. Mr. Patel holds 7285 shares in the company and serves as a director in several related entities. Related parties are excluded from voting on the RPT resolution, and Mr. Kiran Patel and Mr. Shailesh Patel are considered interested parties in both matters.