Khed Developer’s Limited (KDL) has agreed in principle to conduct an extraordinary general meeting (EGM), where the demand of agitating farmers of Khed Special Economic Zone (SEZ) to wind up the company, would be discussed.
Ajit Relekar, regional officer of Maharashtra Industrial Development Corporation (MIDC), who is also a member of the KDL board of directors, said that the EGM, which will decide the future course of action of the company, would be held in December.
The decision was taken by the KDL board of directors at the company’s annual general body meeting held in Pune Wednesday.
The matter of winding up of the company had come up with the farmers pressing for an extraordinary general body meeting to discuss it.
KDL had been formed with the seed capital of the 15 per cent developed land which the farmers were supposed to receive from the Khed SEZ. Spread over 1,705 acres of land in Khed taluka of Pune, the SEZ has been developed by Khed Economic Infrastructure Private Limited (KEIPL) — a joint venture between Bharat Forge (74 per cent) and MIDC (26 per cent).
The relief and rehabilitation package which the farmers were offered had included a term that 15 per cent developed land would be returned to them.
The problem started when, instead of returning the land, KDL was formed with the land bank as its seed capital.
Relekar, speaking about the EGM, said that before conveying the same in December, the board of directors will talk to farmers’ groups and explain to them the legalities involved in the process.
Also, any decision about the land bank or any alternative arrangement for the same would be discussed with the farmers before coming to a