Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Fujiyama Power Systems Limited (Formerly Fujiyama Power Systems Private Limited)

Meeting Details

  • Type of Meeting: 9th Annual General Meeting (AGM)
  • Date of Meeting: September 25, 2026
  • Meeting Time: 4:30 PM to 5:54 PM (IST)
  • Record Date: September 18, 2026
  • Location: Conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Total Number of Shareholders on Record Date: 77,786

Proposed Resolutions and Implications

The AGM considered six resolutions covering both ordinary and special business:

1. Ordinary Resolution: To receive, consider and adopt the Audited Financial Statements for FY 2025-26 with reports of Board of Directors and Auditors

2. Ordinary Resolution: Re-appointment of Mr. Sunil Kumar (DIN: 09824459) as Director who retires by rotation

3. Ordinary Resolution: Appointment of M/s Raghav Bansal & Associates as Secretarial Auditors of the company

4. Ordinary Resolution: Fixation of Remuneration of the Cost Auditors

5. Special Resolution: Alteration of the Articles of Association of the Company

6. Ordinary Resolution: To fix the fees payable by a member for Service of Documents through a particular mode under Section 20 of the Companies Act, 2013

Voting Process and Methods

The voting process utilized multiple methods:

  • Remote E-Voting: Conducted from September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM) through MUFG Intime India Private Limited
  • E-Voting at AGM: Available for members present through VC/OAVM who hadn't voted remotely
  • Physical Attendance: 18 Promoters/Promoter Group and 111 Public shareholders attended through video conferencing

Key Voting Outcomes

Overall Participation:

  • Total Outstanding Shares: 306,901,762
  • Total Votes Polled: 274,577,127 (89.4674% of outstanding shares)

Category-wise Participation:

  • Promoter and Promoter Group: 265,865,270 shares held, 258,176,145 votes polled (97.1079% participation)
  • Public Institutions: 19,969,162 shares held, 15,074,660 votes polled (75.4897% participation)
  • Public Non-Institutions: 21,067,330 shares held, 1,326,322 votes polled (6.2956% participation)

Resolution-wise Results:

Resolution 1 (Ordinary - Financial Statements):

  • Total Votes: 274,577,127
  • In Favor: 274,577,059 (99.99998%)
  • Against: 68 (0.00002%)
  • Result: Passed

Resolution 2 (Ordinary - Director Re-appointment):

  • Total Votes: 274,577,127
  • In Favor: 269,661,909 (98.20990%)
  • Against: 4,915,218 (1.79010%)
  • Result: Passed

Resolution 3 (Ordinary - Secretarial Auditor Appointment):

  • Total Votes: 274,577,127
  • In Favor: 274,575,968 (99.99958%)
  • Against: 1,159 (0.00042%)
  • Result: Passed

Resolution 4 (Ordinary - Cost Auditor Remuneration):

  • Total Votes: 274,577,127
  • In Favor: 274,576,994 (99.99995%)
  • Against: 133 (0.00005%)
  • Result: Passed

Resolution 5 (Special - Articles Alteration):

  • Total Votes: 274,577,127
  • In Favor: 274,576,929 (99.99993%)
  • Against: 198 (0.00007%)
  • Result: Passed

Resolution 6 (Ordinary - Document Service Fees):

  • Total Votes: 274,577,127
  • In Favor: 274,576,929 (99.99993%)
  • Against: 198 (0.00007%)
  • Result: Passed

Scrutinizer's Role and Findings

Scrutinizer Details:

  • Name: Raghav Bansal
  • Firm: M/s Raghav Bansal & Associates
  • Qualification: Company Secretary
  • Membership Number: 12328
  • Appointment Date: August 24, 2026 (Board Meeting)
  • Report Issuance Date: September 28, 2026

The scrutinizer was responsible for ensuring a fair and transparent voting process. The e-voting data was unblocked and downloaded on September 25, 2026, in the presence of two witnesses (Mr. Saral Naithani and Mr. Saurabh Talwar) who confirmed the process. The scrutinizer verified that all resolutions were passed with requisite majority as required under the Companies Act, 2013.

Compliance with Laws and Regulations

The company confirmed compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and Rules thereunder
  • MCA Circulars dated April 8, 2020, April 13, 2020, May 5, 2020, and General Circular No. 03/2025 dated September 22, 2025
  • SEBI Circular No. SEBI/1-1O/CFD/CMDI/ClR/P/2020/79 dated May 12, 2020 read with Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024

The notice and annual report were dispatched electronically, published in Financial Express (English) and Jansatta (Hindi) newspapers on September 3, 2026, and hosted on company and exchange websites.

Additional Information

The voting results and scrutinizer's report are hosted on the company's website (https://www.utlsolarfujiyama.com/investor-relations/company-reports-documents/) and the e-voting agency's website (https://instavote.linkintime.co.in/). The results have been submitted to both BSE Limited and National Stock Exchange of India Limited.