Meeting Details
The 6th Annual General Meeting was held on Saturday, 26th September 2026, commencing at 11:30 AM IST and concluding at 12:35 PM IST. The meeting was conducted entirely through Video Conferencing (VC)/Other Audio Visual Means (OAVM) in compliance with MCA General Circulars and the Companies Act, 2013. The deemed venue was the Registered Office of the Company at 28, Pretoria Street, Kolkata - 700071.
Proposed Resolutions and Implications
Six resolutions were proposed for shareholder approval:
Ordinary Business:
- To receive, consider, and adopt the Audited Financial Statements for FY ended 31st March 2026 and Reports of Board of Directors and Statutory Auditors.
- To confirm payment of Interim Dividend of Re. 0.50 per equity share (50%) and declare Final Dividend of Rs. 1.25 per equity share (125%) for FY 2025-26.
- To reappoint Mr. Rajesh Kothari (DIN: 02168932) as Director who retires by rotation.
- To reappoint M/s B. Mukherjee & Co. (Firm Regn No. 302096E) as Statutory Auditors and authorize Board to fix their remuneration.
Special Business:
- Approval of Remuneration payable to Cost Auditors for FY 2026-27 (Ordinary Resolution).
- Appointment of Mrs. Rajni Mishra (DIN: 07706571) as Non-Executive Independent Director (Ordinary Resolution).
Voting Process and Methods
The Company availed services of National Securities Depositories Limited (NSDL) for:
- Electronic dispatch of Notice of AGM and Annual Report
- Participation in AGM through VC/OAVM facility
- Voting through electronic means (e-voting)
Remote e-voting before AGM was available to members as of the cut-off date (19th September 2026) from 23rd September 2026 at 9:00 AM IST to 25th September 2026 at 5:00 PM IST. Members who joined the meeting through VC and had not cast their vote through remote e-voting before AGM were provided the option to vote through remote e-voting facility at the AGM, which remained open until 15 minutes after the meeting concluded.
Key Voting Outcomes and Participation
The document states that combined voting results (remote e-voting before AGM and at AGM) will be made available after receipt of the Scrutinizer's Report and will be published on the company's website (www.ddevgroup.in), NSDL's website (www.evoting.nsdl.com), and stock exchange websites (www.bseindia.com and www.nseindia.com) within two working days from the meeting's conclusion.
Member participation: 86 members holding 82,372,420 equity shares (79.60% of paid-up capital) attended the meeting through VC. This included promoter/promoter group holdings of 77,602,555 shares (74.99%).
Scrutinizer's Role
Mr. Ashok Kumar Daga, Practicing Company Secretary, was appointed as Scrutinizer to supervise the e-voting process and provide combined voting results along with his Scrutinizer's Report.
Compliance with Laws and Regulations
The meeting was conducted in compliance with:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013 and Rules thereunder
- MCA General Circular No. 03/2025 dated 22.09.2025 read with General Circular No. 20/2020 dated 05.05.2020
- Secretarial Standard-2 on General Meetings
Notice of AGM and Annual Report were sent electronically on 31st August 2026 to members whose email IDs were registered with Depositories/RTA. For shareholders without registered email, letters were sent on 29th August 2026 with weblink information. Newspaper publications were made on 13th August 2026 and 1st September 2026.
Additional Information
- The Register of Directors and KMP shareholding (Section 170) and Register of Contracts (Section 189) were available for electronic inspection
- Members were reminded about shares transferred to Investor Education and Protection Fund (IEPF)
- The company participated in Saksham Niveshak Campaign
- Details of unclaimed/unpaid dividends and shares transferred to IEPF are available on company website
- Regarding the demerger with Kkalpana Industries India Limited, shares for physical shareholders are held in escrow account
- 40 members registered as speakers for the AGM, with queries focusing on Battery Energy Storage System operations, growth prospects, supply chain disruptions, and Bhiwadi Unit plans
- The proceedings were recorded and will be available as one-way webcast on company website