Meeting Details

Extra Ordinary General Meeting scheduled for Saturday, November 21, 2026, at 3:00 PM through Video Conferencing (VC) facility/Other Audio Visual Means (OAVM)

Key Resolutions and Financial Authorizations

Item 1: Approval under Sections 185 and 186 of Companies Act, 2013

  • Authorization for Board to advance loans, give guarantees, and provide securities to subsidiaries, associates, joint ventures, and other entities
  • Aggregate limit not to exceed ₹2,000 Crore (Rupees Two Thousand Crore Only)
  • Specific entities covered include 17 companies (16 subsidiaries and 1 associate company)
  • Interest-bearing loans must carry interest at rate not lower than prescribed under Section 186(7)
  • Interested directors: Mr. Bondada Raghavendra Rao (Chairman and MD), Mr. Satyanarayana Baratam (Whole-Time Director and CFO), Mrs. Neelima Bondada (Non-Executive Director)

Item 2: Creation of Securities under Section 180(1)(a)

  • Authorization to sell, lease, or dispose of undertakings and create pledges, charges, hypothecations over assets
  • Security interests to cover equity shares and subordinated loans/quasi-equity instruments in specified companies
  • Maximum limit of ₹10,000 Crore (Rupees Ten Thousand Crore Only)
  • Same 17 companies as in Table B (16 subsidiaries and 1 associate company)
  • Interested directors: Mr. Bondada Raghavendra Rao, Mr. Satyanarayana Baratam, Mrs. Neelima Bondada

Item 3: Borrowings under Section 180(1)(c)

  • Authorization to borrow funds from banks, financial institutions, NBFCs, bodies corporate, or other lenders
  • Borrowings may be in Indian Rupees or foreign currency
  • Total outstanding borrowings shall not exceed ₹10,000 Crore (Rupees Ten Thousand Crore Only)
  • Includes borrowings by subsidiaries and associate companies listed in Table C (same 17 companies)
  • Interested directors: Mr. Bondada Raghavendra Rao, Mr. Satyanarayana Baratam, Mrs. Neelima Bondada

Item 4: Related Party Transaction with Onix IPP Private Limited

  • Ratification and approval of EPC contract for 270 MWp ground-mounted Solar PV Project in Maharashtra
  • Total contract value: ₹1,153.93 Crores (Rupees One Thousand One Hundred Fifty-Three Crores and Ninety-Three Lakhs only), inclusive of applicable taxes
  • Transaction already entered into and ratified by Audit Committee on October 16, 2026
  • Onix IPP Private Limited is a subsidiary company
  • Interested directors: Mr. Bondada Raghavendra Rao and Mrs. Neelima Bondada

List of Subsidiary and Associate Companies

The resolution covers 17 entities:

  • 16 Subsidiary Companies: Bondada Ecobuild, Bondada Abodes, Bondada E&E, Bondada Renewable Energy, Atpole Technologies, Bondada Green Engineering, Bondada Managed Services, Speck Systems, Greenbond Re Park, Bondada Dynamics, Bondada Hindupur BESS Projects, Bondada Dinesh SPV, PhotonicGrid Networks, Onix IPP
  • 1 Associate Company: B Ingenium Private Limited

Voting and Meeting Procedures

  • Remote e-voting period: November 18, 2026 (9:00 IST) to November 20, 2026 (17:00 IST)
  • Cut-off date for voting eligibility: November 13, 2026
  • Scrutinizer appointed: M/s. Rajora & Co., Practicing Company Secretary
  • Results to be declared and posted on company website (www.bondada.net) and KFin Technologies website
  • Physical attendance dispensed with due to VC/OAVM format