AGM Details

The 27th Annual General Meeting will be held on Wednesday, September 30, 2026 at 3:00 PM IST through Video Conferencing/Other Audio-Visual Means facility.

Business to be Transacted

Ordinary Business:

1. To receive, consider and adopt Audited Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors

2. To appoint director in place of Mr. Naimish Raval (DIN: 09359061) who retires by rotation

Special Business:

3. Appointment of MYSP & Associates LLP as Statutory Auditors for 5 years from conclusion of AGM till AGM of FY 2030-31

4. Approval of Related Party Transactions which are material and on arm's length basis with:

  • AV AC DC Renew Private Limited (up to ₹100 crore)
  • System Level Solutions (India) Private Limited (up to ₹50 crore)

Financial Performance Highlights FY 2025-26

  • Total Income: ₹2,376.37 lakh
  • Total Expenses: ₹2,169.21 lakh
  • Profit before tax: ₹207.16 lakh (compared to loss of ₹71.38 lakh in FY25)
  • Tax expense: ₹51.93 lakh
  • Profit after tax: ₹155.23 lakh (compared to profit of ₹46.28 lakh in FY25)
  • Other Comprehensive Income: (₹0.24) lakh
  • Total Comprehensive Income: ₹154.99 lakh
  • Earnings per share: ₹0.60

Share Capital

  • As on March 31, 2026: ₹2,571.09 lakh divided into 2,57,10,913 equity shares of ₹10 each
  • During the year, company forfeited 2,89,087 equity shares for non-payment of call money

Rights Issue Fund Utilization

  • Total funds received through rights issue: ₹4,753.00 lakh
  • Fixed deposits as at March 31, 2025: ₹2,625.18 lakh
  • Utilization during FY26: ₹521.56 lakh for:
  • Addition to fixed assets (chargers, transformers): ₹46.97 lakh
  • Meter security deposits: ₹17.19 lakh
  • General business purposes including vendor advances: ₹457.40 lakh
  • Fixed deposits as at March 31, 2026: ₹2,103.62 lakh

Board Composition and Changes

  • Mr. Jaydeep Mehta ceased as director w.e.f October 20, 2025
  • Mr. Harnish Rao and Mr. Sahil Rao appointed as Non-Executive Independent Directors w.e.f November 14, 2025
  • Mr. Naimish Raval retires by rotation and seeks re-appointment

Auditor Appointments

  • Statutory Auditor: Recommended appointment of MYSP & Associates LLP for 5 years
  • Internal Auditor: M/s. H A Parikh and Company resigned effective April 1, 2026; recommended appointment of M/s. Chintan Popat & Associates
  • Secretarial Auditor: Mr. Mehul Bambhroliya continues for FY 2025-26

Related Party Transactions

Seeking shareholder approval for material related party transactions entered/to be entered with:

1. AV AC DC Renew Private Limited (Promoter) - up to ₹100 crore

2. System Level Solutions (India) Private Limited (Associate of Promoter) - up to ₹50 crore

Key Financial Ratios

  • Current Ratio: 2.13 (3.75 in FY25)
  • Debt-Equity Ratio: 0.97 (0.23 in FY25)
  • Return on Equity: 3.1% (0.9% in FY25)
  • Inventory Turnover Ratio: 1.49 (0.20 in FY25)

Borrowings

  • Non-current borrowings: ₹2,332.36 lakh (vehicle loans and term loans)
  • Current borrowings: ₹2,604.05 lakh (including bank OD against deposits of ₹1,880.40 lakh)

Business Operations

The company is engaged in providing comprehensive Electric Vehicle (EV) charging solutions, including trading, installation, commissioning, operation, and maintenance of EV chargers. During FY26, the company ventured into E-truck fleet operations and E-cab fleet operations.

Corporate Governance

  • Board met 7 times during FY25-26
  • All committees (Audit, Nomination & Remuneration, Stakeholders Relationship, Risk Management, Borrowing & Finance) constituted and functional
  • Whistle Blower Policy/Vigil Mechanism Policy in place

Voting Arrangements

  • Remote e-voting period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • Cut-off date for voting eligibility: September 23, 2026
  • Register of members and share transfer books closed from September 24-30, 2026

#Tags: #AmpvoltsLimited #AGM2026 #SEBIDisclosure #FinancialResults #EVCharging #RegulatoryCompliance #Neutral