Meeting Details

  • Date: Wednesday, 16th September, 2026
  • Time: 03:00 P.M. (IST)
  • Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Venue: Registered Office - Unit 201, 2nd Floor, R G Metro Arcade, Sector-11, Rohini, New Delhi - 110085

Agenda Items

ORDINARY BUSINESS

1. Adoption of Financial Statements

To consider and adopt the Audited Financial Statements (Standalone and Consolidated) for the Financial Year ended 31st March, 2026 and reports of Board of Directors and Auditors.

2. Re-appointment of Director

To appoint Mr. Manish Jain (DIN: 02671522) who retires by rotation and offers himself for re-appointment.

  • Age: 50 years
  • Qualification: Bachelor's degree in chemical engineering from Punjab University
  • Experience: 27 years in Water and Wastewater Treatment industry
  • Current Position: Managing Director
  • Remuneration (FY 2025-26): ₹80.00 Lakh
  • Shareholding: 4,89,31,000 equity shares
  • Board Meeting Attendance: 9 out of 9 (100%)
  • Other Directorships: 9 companies including subsidiaries

SPECIAL BUSINESS

3. Loan/Guarantee/Security to Suyog Urja Limited

Special Resolution to grant loans/guarantees/security up to ₹600 Crore to Suyog Urja Limited (Step-Down Subsidiary).

  • Purpose: Support operational and financial requirements for principal business activities
  • Approval Dates: Audit Committee - 28th May, 2026; Board - 28th May, 2026
  • Relationship: Step-Down Wholly Owned Subsidiary with common directors

4. Material Related Party Transaction with Suyog Urja Limited

Ordinary Resolution to approve RPTs up to ₹700 Crore between Company and Suyog Urja Limited.

  • Transaction types: Sale/purchase of goods/services (₹100 Cr), Loans (₹300 Cr), Corporate Guarantees (₹300 Cr)
  • Materiality: 61.10% of consolidated turnover (₹1,145.60 Cr as of March 31, 2026)
  • Suyog Financials (2024-25): Turnover ₹171.99 Cr, PAT ₹16.90 Cr, Net Worth ₹30.34 Cr

5. Material Related Party Transaction between ERPL and Suyog Urja

Ordinary Resolution to approve RPTs up to ₹700 Crore between EIE Renewables Private Limited (Wholly Owned Subsidiary) and Suyog Urja Limited.

  • Same transaction breakdown as Item 4
  • ERPL Financials (2025-26): Turnover ₹128.96 Cr, PAT ₹9.00 Cr, Net Worth ₹128.17 Cr

6. Material Related Party Transaction with EIEL AIEPL JV

Ordinary Resolution to approve RPTs up to ₹500 Crore between Company and M/s EIEL AIEPL JV (Joint Controlled Operation).

  • For execution of Panchganga River Pollution Control Project valued at ₹395.50 Crore
  • Company holds 51% participating interest
  • Previous transactions: ₹26.12 Crore in last financial year
  • Project: Upgradation of CETPs with ZLD in Kolhapur District

7. Change in IPO Proceeds Utilization

Special Resolution to reallocate unutilized IPO proceeds of ₹44.46 crore.

IPO Proceeds Utilization Status (as of date)

| Particulars | Allocated (₹ lakh) | Utilized (₹ lakh) | Unutilized (₹ lakh) |

| Working Capital | 18,100.00 | 18,099.07 | 0.93 |

| EIEL Mathura STP | 3,000.00 | 3,000.00 | Nil |

| Debt Repayment | 12,000.00 | 12,000.00 | Nil |

| Inorganic Growth | 18,627.25 | 13,053.49 | 5,573.76 |

| General Corporate Purpose | 14,308.00 | 1,254.51 | 13,053.49 |

| Issue Expenses | 5,507.71 | 5,381.39 | 126.32 |

| Total | 57,234.96 | 51,533.96 | 5,701.00 |

Proposed Reallocation

  • ₹4,319.25 lakh from Inorganic Growth allocation
  • ₹126.32 lakh from Issue Expenses allocation
  • Total ₹4,445.57 lakh to be infused into two new SPVs:
  • Varanasi DDU Nagar STP Private Limited (45 MLD STP, ₹126.78 crore project)
  • Varanasi Lohta STP Private Limited (60 MLD STP, ₹130.14 crore project)
  • Projects under Namami Gange Programme, Hybrid Annuity Model
  • Revised timeline for Working Capital: Up to 31st March, 2027

Voting Information

  • Remote e-voting period: 12th September (9:00 AM) to 15th September, 2026 (5:00 PM)
  • Cut-off date: 9th September, 2026
  • Scrutinizer: M/s Jain Alok & Associates
  • Results declaration: Within 2 working days of AGM conclusion

Financial Impact

  • Loan exposure: Up to ₹600 crore to Suyog Urja
  • RPT exposure: ₹1.9 billion across three resolutions
  • IPO fund reallocation: ₹44.46 crore to new HAM projects
  • Working capital utilization extended to March 2027

Related Party Interests

Mr. Sanjay Jain and Mr. Manish Jain (Promoter Directors) are interested in resolutions 3-6 due to their directorships and shareholding in related entities.