Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Agastya Energy and Infrastructure Limited (formerly known as Sanginita Chemicals Limited)

Meeting Details

The (03/2026-27) Extra-Ordinary General Meeting of the Company was held on Wednesday, 07th October 2026 at 03:00 P.M. (IST) through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting was conducted in compliance with the Companies Act, 2013, Secretarial Standards, MCA Circulars, and SEBI Regulations.

Proposed Resolutions and Implications

The EGM considered and voted on six special resolutions:

1. Approval for preferential issuance of equity shares and convertible warrants: To raise approximately ₹566.10 Crore (₹30.30 Crore through Equity Shares and ₹535.80 Crore through Warrants) from persons belonging to "Promoter & Promoter Group" and "Non-Promoter" categories. Proceeds are intended to fund growth initiatives and business expansion in the renewable energy sector, specifically for capital expenditure and working capital requirements of SPVs, subsidiaries, associates, joint ventures and other group entities.

2. Alteration of Articles of Association: To include provisions for issuance of shares through employee stock option schemes and to revise the offer period for further issue of shares.

3. Approval for 'Agastya Energy And Infrastructure Limited - Employee Stock Option Scheme 2026' (ESOP Scheme 2026): Introduction of an ESOP scheme to attract, retain, and motivate talented professionals.

4. Approval for ESOP Scheme 2026 through trust route: Including fresh issuance and/or secondary acquisition of shares by the trust.

5. Approval to grant ESOPs to eligible employees of subsidiary/associate companies: Under the ESOP Scheme 2026.

6. Approval for provision of money, loan, and/or financial assistance by the company to AEIL ESOP trust: For implementation of the ESOP Scheme 2026.

Voting Process and Methods

The Company provided two voting methods:

  • Remote e-voting facility through Central Depository Services (India) Limited (CDSL) for all members as of the cut-off date (Wednesday, 30th September 2026). The remote e-voting period was from Sunday, 04th October 2026 at 9:00 A.M. (IST) to Tuesday, 06th October 2026 at 5:00 P.M. (IST).
  • Electronic voting during the meeting through the CDSL platform for members who had not voted remotely. The voting facility remained open for 15 minutes after the meeting concluded.

Mr. Arpit Kumar Goyal, Practicing Company Secretary, was appointed as the Scrutinizer to scrutinize both remote e-voting and e-voting during the meeting in a fair and transparent manner.

Key Voting Outcomes

The document states that the consolidated voting results along with the Scrutinizer's Report will be submitted to the Stock Exchange, uploaded on the company's website, and CDSL within prescribed timelines. Specific vote counts and percentages are not provided in this summary document.

Scrutinizer's Role

CS Arpit Kumar Goyal was present as the Scrutinizer through video conferencing. His role was to ensure fair and transparent scrutiny of the voting process. His findings and conclusions will be presented in the separate Scrutinizer's Report.

Compliance Confirmation

The meeting was conducted in compliance with the Companies Act, 2013, Rules made thereunder, relevant circulars issued by MCA and SEBI, and other applicable laws. The Statutory Registers and documents referred to in the EGM notice were available electronically for inspection by members during the meeting.

Signatories and Roles

  • Gaurav Kumar Tripathi, Whole-time Director (DIN: 06372272), signed the main submission letter and annexures.
  • Ms. Nidhi Dixit, Company Secretary & Compliance Officer, conducted parts of the meeting proceedings.
  • Mr. Piyush Bichhoriya, Non-Executive Director, acted as Chairperson for the meeting.

Additional Information

The meeting commenced at 3:00 PM and concluded at 3:33 PM IST. The requisite quorum under Section 103 of the Companies Act, 2013 was present. A question-and-answer session was conducted where queries from members were addressed by the Chairperson/Management. The company's registered office is at A-4th 413 Vihan 273, Opp Vihaan Nirvana Village- Tarapur, Sargasan - 382421, Gandhinagar, Gujarat, India.