Meeting Details
The 35th Annual General Meeting will be held on Wednesday, 30th September 2026 at 10:00 A.M. (IST) at Navodaya Colony Welfare Association, Navodaya Colony, Gudimalkapur, Mehdipatnam, Hyderabad, Telangana - 500028.
Ordinary Business Items
1. Adoption of Standalone Financial Statements
To consider and adopt the audited standalone financial statements of the Company for the Financial Year ended March 31, 2026, together with Reports of the Board of Directors and Auditors thereon.
2. Adoption of Consolidated Financial Statements
To consider and adopt the audited consolidated financial statements of the Company for the Financial Year ended March 31, 2026, together with Reports of the Board of Directors and Auditors thereon.
3. Re-appointment of Director Retiring by Rotation
To re-appoint Mr. Nitin Kumar Mathur (DIN: 06451862) as an Executive Non-Independent Whole-time Director of the Company pursuant to Section 152 of the Companies Act, 2013.
Special Business Items
4. Sale of Property/Undertaking under Section 180(1)(a)
Seeks special resolution approval to authorize Board to sell, transfer, convey, assign, lease, surrender, relinquish, mortgage, charge, dispose of or otherwise deal with any immovable properties, assets, land, buildings and/or rights therein owned by the Company. The aggregate value may exceed limits prescribed under Section 180(1)(a) of the Companies Act, 2013.
Rationale: To optimize resources, meet business requirements, and unlock value from assets in ordinary course of business.
5. Approval of Borrowing Limits under Section 180(1)(c)
Seeks special resolution approval to authorize Board to borrow money up to ₹200,00,00,000 (Rupees Two Hundred Crores only) at any point of time, over and above the aggregate of paid-up share capital, free reserves and securities premium of the Company.
Rationale: To meet working capital requirements, capital expenditure, business expansion plans, refinancing requirements and other general corporate purposes.
6. Approval of Material Related Party Transactions
Seeks ordinary resolution approval for two material related party transactions:
Transaction 1: With Mr. Srinivas Pagadala (Director and Promoter)
- Nature: Sale of investment in subsidiary to related party at fair valuation
- Tenure: 1 year
- Maximum Value: Up to ₹3.00 crore
- Relationship: Director and Promoter holding 68.74% shares
- Previous Transactions: Unsecured loans provided to company (₹6.78 crore as of March 31, 2026; ₹7.78 crore as of March 31, 2025; ₹7.44 crore as of March 31, 2024)
- Value as percentage of consolidated turnover: 84.82%
- Rationale: Facilitate discharge of company's outstanding unsecured loan liability without immediate cash outflow
Transaction 2: With Clenon Properties Private Limited (Wholly Owned Subsidiary)
- Nature: Transfer of land admeasuring Acre 09.36 guntas in Survey Nos. 60/1, 60/A/2/2, 60/AA/1/2, 63/AA, 66/A at Rangareddyguda Village, Rajapur Mandal, Mahaboobnagar District to subsidiary
- Consideration: Issue of shares by Clenon Properties Private Limited towards discharge of liability
- Tenure: 1 year
- Maximum Value: Up to ₹3.00 crore
- Relationship: Wholly owned subsidiary (99% holding)
- Previous Transactions: Loan of ₹4,95,000 taken by subsidiary from company during FY 2025-26
- Rationale: Reduce financial liabilities, strengthen capital structure, optimize assets
7. Approval for Loans, Guarantees, Securities and Investments under Section 186
Seeks special resolution approval to authorize Board to make loans, give guarantees/provide securities, and make investments in securities of any body corporate up to ₹200,00,00,000 (Rupees Two Hundred Crores only).
Rationale: To support future expansion plans, acquisitions and other business requirements, including support to wholly-owned subsidiaries.
8. Alteration in Object Clause of Memorandum of Association
Seeks special resolution approval to substitute existing Clause III(A)(2) of MOA to expand business objects to include renewable energy activities:
- Generation, production, development, transmission, distribution, supply, sale, purchase, trading and storage of renewable, conventional and non-conventional energy including solar and wind power
- Manufacturing, assembly, development, trading of solar power systems, wind energy equipment, Battery Energy Storage Systems, smart meters, electric vehicle charging stations, charging infrastructure, energy management systems
- Engineering, procurement, construction, operation and maintenance activities
Rationale: To expand and diversify business activities into renewable energy and allied sectors.
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
- E-voting service provider: Bigshare Services Private Limited
- Scrutinizer: M/s. Pawan Jain & Associates, Practising Company Secretary
- Results declaration: On or after AGM, to be placed on company website within 2 days
Notes for Shareholders
- Members entitled to appoint proxy (instrument to be deposited 48 hours before meeting)
- Corporate members to send certified copy of Board Resolution authorizing representative
- Physical copies of annual report not distributed at AGM
- Documents available on company website and at registered office for inspection
- SEBI mandate requires securities transfer only in dematerialized form effective December 5, 2018