Meeting Details
The (03/2026-27) Extra-Ordinary General Meeting (EGM) of the Members of Agastya Energy and Infrastructure Limited 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 provisions of the Companies Act, 2013, Secretarial Standards, MCA Circulars, SEBI Regulations, and other applicable laws.
Proposed Resolutions and Implications
The EGM was convened to seek shareholder approval for six special resolutions:
- Resolution 1: Approval for the issuance of equity shares and convertible warrants on a preferential basis to persons belonging to the "Promoter & Promoter Group" and "Non-Promoter" Category. The Chairperson's speech indicated this is expected to raise approximately ₹566.10 Crore (₹30.30 Cr via Equity Shares and ₹535.80 Cr via Warrants) to fund growth initiatives and business expansion in the renewable energy sector.
- Resolution 2: Alteration of the Articles of Association of the company to include provisions for issuance of shares through employee stock option schemes and to revise the offer period for further issue of shares.
- Resolution 3: Approval for 'Agastya Energy And Infrastructure Limited - Employee Stock Option Scheme 2026' (ESOP Scheme 2026 or Scheme).
- Resolution 4: Approval for the ESOP Scheme 2026 through the trust route, including fresh issuance and/or secondary acquisition of shares by the trust.
- Resolution 5: Approval to grant employee stock options to eligible employees of the subsidiary company(ies) and/or associate company(ies) of the company under the ESOP Scheme 2026.
- Resolution 6: Approval for the provision of money, loan, and/or financial assistance by the company to the AEIL ESOP Trust for the implementation of the ESOP Scheme 2026.
The proceeds from the fundraising are intended to meet capital expenditure and working capital requirements for the company's special purpose vehicles, subsidiaries, associates, joint ventures, and other group entities in the renewable energy business. The ESOP scheme is a strategic initiative to attract, retain, and motivate talented professionals.
Voting Process and Methods
The company provided a facility for participation through VC/OAVM and an electronic voting facility through Central Depository Services (India) Limited (CDSL). The remote e-voting facility commenced on Sunday, 04th October 2026 at 9:00 A.M. (IST) and ended on Tuesday, 06th October 2026 at 5:00 P.M. (IST). Members who had not voted remotely could cast their votes electronically during the meeting via the CDSL platform. The electronic voting facility remained open for 15 minutes after the meeting concluded.
Key Voting Outcomes and Scrutinizer
The company appointed Mr. Arpit Kumar Goyal, a Practicing Company Secretary, as the Scrutinizer to scrutinize the remote e-voting and e-voting conducted during the meeting in a fair and transparent manner. 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 provided to CDSL within the prescribed timelines. Specific vote counts or percentages are not provided in this summary document.
Compliance Confirmation
The meeting was conducted in compliance with the applicable provisions of the Companies Act, 2013, the Rules made thereunder, and the relevant circulars issued by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI). The Statutory Registers and documents referred to in the EGM notice were available electronically for inspection by members during the meeting.
Other Procedural Information
The meeting commenced with a welcome address by the Company Secretary at 3:00 PM and concluded with a vote of thanks 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.