Meeting Details

The 11th Annual General Meeting was held on Wednesday, June 25, 2026 at 10:00 a.m. through Video Conferencing (VC) / Other Audio Video Means (OAVM). The cut-off date for determining shareholder eligibility to vote was Thursday, June 18, 2026.

Proposed Resolutions and Implications

Six ordinary resolutions were proposed and approved:

1. Adoption of audited standalone financial statements for the financial year ended March 31, 2026

2. Adoption of audited consolidated financial statements for the financial year ended March 31, 2026

3. Re-appointment of Mr. Sagar R. Adani (DIN: 07626229) as a Director who retires by rotation

4. Re-appointment of M/s. S R B C & Co. LLP, Chartered Accountants (Firm Registration No.: 324982E/E300003) as Joint Statutory Auditors for a second term of five years

5. Appointment of M/s. Shah Dhandharia & Co. LLP, Chartered Accountants (Firm Registration No.: 118707W/W100724) as Joint Statutory Auditors for a first term of five years

6. Approval of material related party transaction with Adani Solar Energy Jodhpur Six Limited during financial year 2026-27

Voting Process and Methods

Voting was conducted through two methods:

  • Remote e-voting: Available from Sunday, June 21, 2026 at 9:00 a.m. until Wednesday, June 24, 2026 at 5:00 p.m. through National Securities Depository Limited (NSDL)
  • E-voting during AGM: Conducted through VC/OAVM during the meeting

The company appointed NSDL as the agency for providing both remote e-voting and e-voting facilities.

Key Voting Outcomes

Resolution 1: Adoption of Standalone Financial Statements

  • Total votes cast: 1,570,801,445 (95.3633% of outstanding shares)
  • In favor: 1,570,800,779 (100.0000% of votes polled)
  • Against: 666 (0.0000% of votes polled)
  • Promoter voting: 100% participation, 100% in favor
  • Public institutions: 94.3687% participation, 100% in favor
  • Public non-institutions: 82.3535% participation, 99.9998% in favor

Resolution 2: Adoption of Consolidated Financial Statements

  • Total votes cast: 1,570,801,424 (95.3633% of outstanding shares)
  • In favor: 1,570,800,778 (100.0000% of votes polled)
  • Against: 646 (0.0000% of votes polled)
  • Promoter voting: 100% participation, 100% in favor
  • Public institutions: 94.3691% participation, 100% in favor
  • Public non-institutions: 82.3534% participation, 99.9998% in favor

Resolution 3: Re-appointment of Mr. Sagar R. Adani

  • Total votes cast: 807,365,205 (49.0151% of outstanding shares)
  • In favor: 805,509,495 (99.7702% of votes polled)
  • Against: 1,855,710 (0.2298% of votes polled)
  • Promoter voting: 53.3958% participation, 100% in favor
  • Public institutions: 94.3696% participation, 99.2807% in favor
  • Public non-institutions: 0.1397% participation, 99.6761% in favor

Resolution 4: Re-appointment of M/s. S R B C & Co. LLP

  • Total votes cast: 1,570,802,344 (95.3633% of outstanding shares)
  • In favor: 1,563,035,273 (99.5055% of votes polled)
  • Against: 7,767,071 (0.4945% of votes polled)
  • Promoter voting: 100% participation, 100% in favor
  • Public institutions: 94.3691% participation, 96.9873% in favor
  • Public non-institutions: 82.3534% participation, 99.9995% in favor

Resolution 5: Appointment of M/s. Shah Dhandharia & Co. LLP

  • Total votes cast: 1,570,802,344 (95.3633% of outstanding shares)
  • In favor: 1,552,283,519 (98.8211% of votes polled)
  • Against: 18,518,825 (1.1789% of votes polled)
  • Promoter voting: 100% participation, 100% in favor
  • Public institutions: 94.3691% participation, 92.8159% in favor
  • Public non-institutions: 82.3534% participation, 99.9996% in favor

Resolution 6: Approval of Related Party Transaction

  • Total votes cast: 542,407,010 (32.9295% of outstanding shares)
  • In favor: 542,406,147 (99.9998% of votes polled)
  • Against: 863 (0.0002% of votes polled)
  • Promoter voting: 0% participation (promoters were interested parties)
  • Public institutions: 94.3696% participation, 100% in favor
  • Public non-institutions: 82.3534% participation, 99.9997% in favor

Scrutinizer's Role and Findings

Mr. Ravi Kapoor, Practicing Company Secretary, was appointed as Scrutinizer for the voting process. His responsibilities included:

  • Verifying votes cast through remote e-voting and e-voting during the AGM
  • Providing a consolidated report on votes cast
  • Ensuring compliance with Section 108 of the Companies Act, 2013 and Rule 20(xi) of the Companies (Management and Administration) Rules, 2014

The scrutinizer confirmed:

  • No invalid/incomplete votes were found in the e-voting system
  • Votes were unblocked on June 25, 2026 at approximately 10:59 A.M. in the presence of two independent witnesses
  • All electronic records and relevant papers will remain in the scrutinizer's custody until the Chairman approves and signs the meeting minutes

Compliance Confirmation

The voting process and results disclosure confirm compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and relevant rules
  • MCA General Circulars no. 09/2023, 09/2024, and 03/2025
  • Secretarial Standard-2 on General Meetings