23rd March, 2026

Notice

Notice is hereby given that a SPECIAL GENERAL BODY MEETING (SGM) of the Society has been urgently convened to be held on Sunday the 29th March 2026 at 05:00PM in the Society premises (in the stilt area behind UCO Bank) in Building No. 1 to discuss the following business and pass the resolution with or without modification.

1. Accepting 10% Corpus amount as per Tender Document:

It may be recalled that in the SGM dated 21st December, 2025 in which the revocation ofUndertaking given by Agami was discussed we had touched upon the subject of acceptance of 10% Corpus from the Developer as per the Tender conditions. It was then that Mr. Sanjay Kher had advised us not to accept any amount from the developer until the DA was signed with them. He had also given comfort to members that the DA would be discussed and signed before January end. This matter was taken for discussion and the members feedback taken wherein majority of members felt there was no harm in waiting for DA to be signed, if it was just a matter of a month or so. Only 6 members were in favour of accepting on issue of LOI itself. Thus, it was decided that we will demand the 10% corpus on signing the DA.

Now, with the advocate getting changed and the DA not even coming to a stage of discussion with the Developer or members till now, it appears DA will only be signed around April end, depending on the agreement of various clauses and allocation of time by advocates of both parties and our own decision on whether we should include the detailed floor plan in the DA we sign now. This delay is unnecessarily allowing room for allegation by some members that the developer’s financial position is weak. However, Agami has repeatedly requested orally as well as in writing about their willingness and ability to pay the 10% corpus immediately. Considering all the factors above, it is proposed by the Managing Committee that 10% of corpus amount should be accepted by members, by passing the following Resolution, with or without modification.

RESOLVED THAT the society/members should demand and accept 10% Corpus money from the selected Developer as per the terms and conditions of the Tender accepted by them without waiting for the Development Agreement being signed. The Managing Committee is authorised to issue a letter of demand to the developer for the same.

2. Ratification of Soil Testing by Agami:

It was intimated to members that Agami has requested for permission to carry out soil testing. The MC had conveyed its assent earlier, which was later put on hold due to concerns raised by some members. The MC has now permitted Agami to conduct the test without any obligation and at their cost. The MC proposes to GB to ratify the permission granted.

RESOLVED THAT the General Body ratifies the permission granted to Agami Spaces to conduct geotechnical survey of land at their cost and with no obligation to society.

3. Discussion on Non-Disclosure of Agami-Weisshorn Term sheet:

Despite the salient features of the said Term Sheet being disclosed to members and they being informed that Agami has requested that the same should not be circulated and made public, as it is an agreement of the T&C between the two parties and the same was shared with the RMT to build confidence of their ability and commitment to raise finances for the project, a couple of members are repeatedly seeking a copy of the same. The MC and RDC is bound by its assurance to the developer to keep the Term Sheet confidential. The MC further assures members that to the best of its understanding, given that safeguards are built into the DA between the Society and Agami and the DA is the overriding document that will bind Agami, there is no adverse impact of the T&C in the Term Sheet on the society’s redevelopment project. The MC now proposes the following resolution for its actions.

RESOLVED THAT the Term Sheet between Agami and Weisshorn need not be made public to the members by circulation as the society is not a party to the signed Term Sheet. This being a SGM no other business would be discussed except the agenda or matters arisingout of the agenda, with the permission of the Chair.

Note : If the meeting cannot be held for want of quorum at the appointed time, it shall be adjourned to 05:30 PM on the same day and at the same place to transact the business as listed in the Agenda.

Any clarification required or question to be raised by a member on the proposed resolutions is to be submitted at society office before 27th March 2026.

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