The Special General Body Meeting held on 21 December 2025 focused on several issues arising after Agami Spaces was selected as the developer.

Members discussed the conditional undertaking obtained from Agami, the proposed LOI/LOA and the timing of the 10% corpus payment. The MC explained that the undertaking had been taken as a precaution because of the time pressure surrounding land conversion and legal advice regarding the Development Agreement.

The ongoing UCO Bank litigation and proposed eviction process was also discussed. Members sought clarity on the developer's responsibility, while the MC explained that the legal proceedings remained the society's responsibility, with Agami expected to provide legal, financial and other assistance.

A detailed discussion took place on Agami's proposed SPV structure and Weisshorn's investment. Members were informed that the draft term sheet contemplated ₹300 crore of investment by Weisshorn, with funds linked to signing the DA, members vacating and construction. The proposed lock-in period was also discussed.

The meeting included an opinion poll on the timing of corpus payments. An overwhelming majority favoured taking 50% of the corpus together at the time of signing the Development Agreement, rather than accepting 10% immediately.

The meeting also discussed monetisation of the society's commercial premises, although no resolution was proposed on that matter.