Annual General Meeting Details

  • Date and Time: Friday, 25th September 2026 at 04:00 PM
  • Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Book Closure Period: Saturday, 19th September 2026 to Friday, 25th September 2026 (both days inclusive)
  • Cut-off Date: Friday, 18th September 2026
  • Remote e-voting Period: Tuesday, 22nd September 2026 at 09:00 AM to Thursday, 24th September 2026 at 05:00 PM

Business to be Transacted

Ordinary Business

1. Adoption of Audited Financial Statements for FY 2025-26

2. Retirement by Rotation and Re-appointment of Mr. Ramamoorthy Natarajan (DIN: 00595027) as Director

Special Business

3. Appointment of Mr. Emmanuel (DIN: 10894681) as Independent Director for five years (12th August 2026 to 11th August 2031)

4. Re-appointment of Mr. Sankaran Sivasailapathi (DIN: 09409356) as Independent Director for second term (31st March 2027 to 30th March 2032)

5. Increase in Borrowing Powers under Section 180(1)(c) of Companies Act 2013 to ₹200 Crores

6. Increase in Threshold for Loans/Guarantees/Investments under Section 186 of Companies Act 2013 to ₹200 Crores

7. Adoption of Memorandum of Association as per Companies Act 2013

8. Adoption of Articles of Association as per Companies Act 2013

9. Addition of New Object Clause in Memorandum for operations and management business

Financial Performance Highlights (Standalone)

FY 2025-26 vs FY 2024-25 (Amount in ₹ Lakhs)

  • Revenue from Operations: ₹0.00 (Previous: ₹5.60)
  • Other Income: ₹32.24 (Previous: ₹11.45)
  • Total Revenue: ₹32.24 (Previous: ₹17.05)
  • Employee Benefit Expense: ₹11.58 (Previous: ₹21.20)
  • Other Expenses: ₹20.38 (Previous: ₹34.80)
  • Finance Costs: ₹1.49 (Previous: ₹0.66)
  • Loss Before Tax: ₹(1.21) (Previous: ₹(39.61))
  • Net Loss: ₹(1.21) (Previous: ₹(39.27))
  • EPS (Basic & Diluted): ₹(0.00) (Previous: ₹(0.01))
  • Balance in P&L Account: ₹884.91 (Previous: ₹900.29)

Key Financial Position (as at 31st March 2026)

  • Share Capital: ₹411.23 Lakhs (41,12,296 Equity Shares of ₹10 each)
  • Investments: ₹576.76 Lakhs (including Sonal Vyapar Pvt Ltd ₹482.18L, Manaksia Coated Metals ₹94.59L)
  • Long-term Loans and Advances: ₹746.17 Lakhs
  • Cash & Cash Equivalents: ₹22.12 Lakhs
  • Total Assets: ₹1,346.13 Lakhs
  • Trade Payables: ₹48.98 Lakhs
  • Other Current Liabilities: ₹1.02 Lakhs

Board and Committee Meetings

  • Board Meetings Held: 6 meetings during FY 2025-26
  • Audit Committee Meetings: 5 meetings
  • Nomination and Remuneration Committee: 2 meetings
  • Stakeholder Relationship Committee: 1 meeting
  • Risk Management Committee: 1 meeting

Director Changes

  • Mr. Manas Ranjan Sahoo resigned as Company Secretary effective 12 December 2025
  • Mr. Santhana Magesh appointed as Company Secretary effective 10 February 2026
  • Mr. Seshadri Sekar resigned as Independent Director effective 12 August 2026
  • Mr. Emmanuel appointed as Additional Director (Independent) effective 12 August 2026

Key Resolutions and Approvals Sought

Borrowing Limits Increase

  • Special resolution to increase borrowing powers under Section 180(1)(c) to ₹200 Crores
  • Will enable borrowing from banks, financial institutions, external commercial borrowings
  • Includes fund/non-fund based assistance, guarantees, working capital facilities

Investments/Loans/Guarantees Limits

  • Special resolution to increase limits under Section 186 to ₹200 Crores
  • Covers loans, inter-corporate deposits, guarantees, and securities acquisitions

Constitutional Documents Update

  • Adoption of new Memorandum and Articles of Association aligned with Companies Act 2013
  • Articles to include enabling clause for reduction of share capital under Section 66

New Business Object

  • Addition of operations and management business object in Memorandum
  • To enable business of operations, management, maintenance across energy and infrastructure sectors

Shareholding Pattern

Major Shareholders (as at 31st March 2026)

  • Kanishk Steel Industries Limited: 19.00% (7,81,399 shares)
  • Chennai Material Recycling & Trading Co Pvt Ltd: 8.53% (3,50,654 shares)
  • Radiant Solutions Limited: 6.95% (2,85,714 shares)
  • Avantika Gupta & Sudha Gupta: 8.94% (3,67,525 shares)
  • Arvind Gupta: 5.89% (2,42,009 shares)
  • Dhanvarsha Enterprises & Investments Pvt Ltd: 6.76% (2,78,151 shares)

Corporate Governance

  • Corporate Governance report not applicable as paid-up capital < ₹10 Cr and net worth < ₹25 Cr
  • Company has adopted Code of Conduct for Directors and Senior Management
  • Vigil Mechanism/Whistle Blower Policy in place
  • No material related party transactions during the year

Other Significant Information

  • Employee Strength: 4 employees as on 31st March 2026 (Previous: 6)
  • No dividend declared during the year
  • No deposits accepted from public
  • No material orders passed by regulators/courts
  • No fraud reported by auditors
  • Internal financial controls considered adequate and effective

Documents Availability

  • Annual Report and AGM Notice available on company website: www.gitarenewable.com
  • Documents also available on BSE website and NSDL e-voting platform
  • Physical copies sent to shareholders whose email IDs are not registered