Meeting Details

  • Meeting Type: 20th Annual General Meeting
  • Meeting Date: September 22, 2026
  • Disclosure Date: September 23, 2026

Resolution Summary and Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Description: Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026 with Board of Directors and Auditors Reports
  • Type: Ordinary Resolution
  • Promoter Interest: No
  • Total Votes Cast: 124,660,236 (76.74% of outstanding shares)
  • Results: 124,660,205 in favor (100%), 31 against (0%)
  • Category Breakdown:
  • Promoters: 102,571,368 votes (100% in favor)
  • Public Institutions: 5,844,883 votes (100% in favor)
  • Public Non-Institutions: 16,243,985 votes (99.9998% in favor)

Resolution 2: Reappointment of Mr. Devendra Jain

  • Description: Reappointment of Mr. Devendra Jain (DIN: 02374610) as Director liable to retire by rotation
  • Type: Ordinary Resolution
  • Promoter Interest: Yes
  • Total Votes Cast: 89,121,477 (54.8626% of outstanding shares)
  • Results: 88,793,724 in favor (99.6322%), 327,753 against (0.3678%)
  • Category Breakdown:
  • Promoters: 67,012,296 votes (100% in favor)
  • Public Institutions: 5,865,196 votes (94.4124% in favor, 5.5876% against)
  • Public Non-Institutions: 16,243,985 votes (99.9998% in favor)

Resolution 3: Ratification of Cost Auditor

  • Description: Ratification of remuneration of M/s Yogesh Chourasia & Associates as cost auditor for FY 2026-27
  • Type: Ordinary Resolution
  • Promoter Interest: No
  • Total Votes Cast: 124,680,549 (76.7525% of outstanding shares)
  • Results: 124,680,518 in favor (100%), 31 against (0%)
  • Category Breakdown:
  • Promoters: 102,571,368 votes (100% in favor)
  • Public Institutions: 5,865,196 votes (100% in favor)
  • Public Non-Institutions: 16,243,985 votes (99.9998% in favor)

Resolutions 4-17: Related Party Transactions

Multiple resolutions approving material related party transactions and enhancement of existing limits with various subsidiaries:

  • DBL Neemuch Renewable Limited (Resolution 4)
  • DBL Shajapur Solar Limited (Resolution 5)
  • DBL Bhopal Solar Limited (Resolution 6)
  • DBL Dhar Solar Limited (Resolution 7)
  • DBL Mandsaur Solar Limited (Resolution 8)
  • DBL Mandvi Ratlam Renewable Limited (Resolution 9)
  • DBL Sukheda Ratlam Solar Limited (Resolution 10)
  • DBL Vidisha Solar Limited (Resolution 11)

Common Characteristics:

  • Type: Ordinary Resolutions
  • Promoter Interest: No for most, Yes for some
  • Typical Voting Pattern:
  • Promoters: 100% in favor
  • Public Institutions: ~97.326% in favor, ~2.674% against
  • Public Non-Institutions: 99.9998% in favor
  • Overall passage: 99.8742% in favor

Resolution 18: Commercial Paper Issuance

  • Description: Approval of issuance of Commercial Paper on private placement basis up to ₹1000.00 Crore
  • Type: Special Resolution
  • Promoter Interest: No
  • Total Votes Cast: 124,680,549 (76.7525% of outstanding shares)
  • Results: 124,680,518 in favor (100%), 31 against (0%)
  • Category Breakdown:
  • Promoters: 102,571,368 votes (100% in favor)
  • Public Institutions: 5,865,196 votes (100% in favor)
  • Public Non-Institutions: 16,243,985 votes (99.9998% in favor)

Resolution 19: Continuation of Chairman & MD

  • Description: Approval of continuation of Mr. Dilip Suryavanshi as Chairman and Managing Director
  • Type: Special Resolution
  • Promoter Interest: Yes
  • Total Votes Cast: 69,572,459 (42.8284% of outstanding shares)
  • Results: 69,415,575 in favor (99.7745%), 156,884 against (0.2255%)
  • Category Breakdown:
  • Promoters: 47,463,278 votes (100% in favor)
  • Public Institutions: 5,865,196 votes (97.326% in favor, 2.674% against)
  • Public Non-Institutions: 16,243,985 votes (99.9997% in favor)

Voting Process and Methods

  • Primary Method: E-Voting (dominant method across all resolutions)
  • Secondary Methods: Poll voting (minimal participation), Postal Ballot (not used)
  • Total Outstanding Shares: 162,444,833
  • Overall Participation: Varied between 42.83% to 76.75% across resolutions

Scrutinizer and Compliance

  • The document confirms compliance with SEBI LODR Regulations 2015
  • Results certified by Company Secretary Abhishek Shrivastava
  • All resolutions were passed successfully

Shareholder Category Participation

  • Promoter & Promoter Group: 102,571,368 shares (63.15% of total)
  • Public Institutions: 11,147,340 shares (6.86% of total)
  • Public Non-Institutions: 48,726,125 shares (30.00% of total)