GEEKAY WIRES: A key insider, Mr. Subhash Chander (an immediate relative of a Director and Promoter group member), has received 4.35 lakh shares as a gift.

This transaction increases the overall holding of the promoter group in the company. **Issue:** An insider within the promoter group acquired a significant block of shares (4.35 lakh) through a gift. **Possible Impact:** This internal transfer typically signals strong long-term commitment and confidence from the promoter family in the company's future.

It enhances the alignment of the promoter group's interests with those of other shareholders, generally viewed as a positive or neutral development for investors. **Company’s Response:** GEEKAY WIRES has disclosed this material event as required by regulatory obligations.