Key Resolutions for Shareholder Approval
The Company is seeking shareholder approval through postal ballot for two ordinary resolutions:
Resolution 1: Appointment of Managing Director
- Proposal: Appointment of Mr. Rajesh Chavan (DIN: 07011994) as Managing Director
- Term: 5 consecutive years from 27th April 2026 to 26th April 2031
- Remuneration: Up to ₹5,00,000 per annum on Cost to Company basis, including Basic Salary, Perquisites, and other allowances/benefits
- Additional Compensation: Entitled to commission in addition to salary, subject to overall ceilings under Companies Act, 2013
- Approval Process: Recommended by Nomination and Remuneration Committee and approved by Board on 27th April 2026
- Background: Mr. Chavan's designation changed from non-executive director to Managing Director effective 27th April 2026
Resolution 2: Appointment of Statutory Auditors
- Proposal: Appointment of M/s. Nagadheep Sathyanarayana and Co., Chartered Accountants (FRN: 008003S/PRN: 018163)
- Term: Until conclusion of next Annual General Meeting in 2026
- Reason: To fill casual vacancy caused by resignation of previous auditors M/s. Rishi Sekhri & Associates (FRN: 128216W)
- Remuneration: To be mutually agreed between Board and auditors plus applicable taxes and out-of-pocket expenses
- Approval Process: Recommended by Audit Committee and approved by Board on 27th April 2026
Voting Details
- Voting Period: Thursday, 25th June 2026 to Friday, 24th July 2026
- Cut-off Date: Friday, 12th June 2026 (for determining voting eligibility)
- Voting Methods: Remote e-voting through NSDL or postal ballot form
- Result Declaration: On or before Tuesday, 28th July 2026
- Scrutinizer: M/s. Hemang Satra & Associates, Company Secretaries (COP: 24235, PRC: 5684/2024)
Company Financial Information (as provided in explanatory statement)
Financial Performance (₹ in Lakhs)
| Particulars | March 31, 2025 | March 31, 2024 | March 31, 2023 |
| Total Income | 6847.87 | 8519.38 | 975.56 |
| Depreciation | 0.00 | 0.00 | 0.00 |
| Total Expenses | 6315.51 | 8225.81 | 953.47 |
| Net Profit | 502.36 | 283.57 | 10.03 |
| Paid-up Capital | 11637.99 | 11637.99 | 11637.99 |
| Reserves & Surplus | 18454.12 | 29589.75 | 29306.18 |
Director Information (Mr. Rajesh Chavan)
- Age: 49 years
- Nationality: Indian
- Qualification: Graduate
- Date of First Appointment: 27th April 2026
- Shares Held: Nil
- Other Directorships: None in public limited companies
- Relationship with other Directors/KMP: None
- SEBI Debarment Status: None
Additional Information
- Contact: Mobile: +91 97020 03139, Email: info@empowerindia.in
- Foreign Investments/Collaborations: None disclosed
Impact and Effective Dates
- The resolutions will be deemed passed on 24th July 2026 if approved by requisite majority
- Mr. Chavan's appointment is effective from 27th April 2026 (subject to shareholder approval)
- Auditor appointment is effective immediately upon shareholder approval until next AGM