Meeting Details

  • Date of EGM: August 14, 2026
  • Type of Meeting: Extraordinary General Meeting (EGM)
  • Location: Conducted through Video Conferencing (VC)
  • Record Date: August 07, 2026
  • Total Shareholders on Record Date: 275,568

Proposed Resolution and Implications

The EGM considered one special resolution: "To approve the issuance of equity shares and convertible warrants by way of preferential issue." This resolution allows the company to raise capital through a preferential allotment of equity shares and convertible warrants to selected investors.

Voting Process and Methods

  • Remote e-voting: Conducted through NSDL from August 11, 2026 (9:00 AM IST) to August 13, 2026 (5:00 PM IST)
  • E-voting during EGM: Provided for shareholders present at the EGM through VC who had not cast their vote earlier
  • Physical polling: Not utilized (0 votes)
  • Postal ballot: Not utilized (0 votes)
  • Total Shareholders Attended Meeting: 60 (2 Promoters and Promoter Group, 58 Public)

Key Voting Outcomes

Overall Voting Results

  • Total Votes Cast: 312,775,454 shares
  • Percentage of Outstanding Shares Voted: 79.2854%
  • Votes in Favor: 305,644,014 shares (97.7199%)
  • Votes Against: 7,131,440 shares (2.2801%)
  • Invalid Votes: 0 shares

Category-wise Voting Breakdown

Promoter and Promoter Group
  • Shares Held: 156,008,716
  • Votes Polled: 156,008,716 (100.0000% of shares held)
  • Votes in Favor: 156,008,716 (100.0000%)
  • Votes Against: 0 (0.0000%)
Public Institutions
  • Shares Held: 182,518,872
  • Votes Polled: 155,723,881 (85.3193% of shares held)
  • Votes in Favor: 148,593,830 (95.4214%)
  • Votes Against: 7,130,051 (4.5786%)
Public Non-Institutions
  • Shares Held: 55,965,596
  • Votes Polled: 1,042,857 (1.8634% of shares held)
  • Votes in Favor: 1,041,468 (99.8668%)
  • Votes Against: 1,389 (0.1332%)

Remote e-voting vs EGM e-voting Breakdown

Votes in Favor
  • Remote e-voting: 305,630,002 shares (97.7155%)
  • E-voting during EGM: 14,012 shares (0.0045%)
  • Total: 305,644,014 shares (97.7199%)
Votes Against
  • Remote e-voting: 7,131,440 shares (2.2801%)
  • E-voting during EGM: 0 shares (0.0000%)
  • Total: 7,131,440 shares (2.2801%)

Scrutinizer's Role and Findings

Biswajit Ghosh (Membership No.: F8750/CP No.: 8239), Designated Partner of BMP & Co. LLP, Practicing Company Secretaries, was appointed as Scrutinizer. Key findings:

  • EGM notice dated July 15, 2026 was sent to shareholders on July 18, 2026
  • Corrigendum to EGM notice was sent on August 07, 2026 and submitted to stock exchanges
  • Remote e-voting data was downloaded from NSDL portal on August 14, 2026 at 12:50 PM in presence of two witnesses (Isha Shrotriya and Hashvi Jain)
  • Confirmed the resolution was passed with requisite majority
  • All voting papers and records will be handed over to the Company Secretary for safe keeping

Compliance Confirmation

The voting process complied with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • MCA Circulars including General Circular Nos. 14/2020, 17/2020, 20/2020, and 03/2025
  • Secretariat Standard on General Meetings (SS-2) issued by ICSI

Additional Information

  • Voting results available on company website: https://www.atherenergy.com/investor-relations/governance#extraordinary-general-meeting
  • Company CIN: L40100KA2013PLC093769
  • Company Address: 3rd Floor, Tower D, IBC Knowledge Park, #4/1, Bannerghatta Main Road, Bangalore-560029, Karnataka, India