Meeting Details

  • Date of Meeting: Monday, 31st August, 2026
  • Time: 11:00 A.M. to 11:53 A.M. (IST)
  • Type of Meeting: 18th Annual General Meeting (AGM)
  • Mode: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Cut-off Date: Monday, August 24, 2026 (for shareholder eligibility)

Proposed Resolutions and Outcomes

The 18th AGM considered eight resolutions, all of which were duly passed with the requisite majority:

Resolution 1 (Ordinary Resolution)

  • Description: To receive, consider and adopt (a) the Audited Standalone Financial Statements for FY ended March 31, 2026 with Board of Directors and Auditors' Reports, and (b) the Audited Consolidated Financial Statements for FY ended March 31, 2026 with Auditors' Report
  • Result: Passed with 99.9996% in favor (172,820,343 votes for, 710 against)

Resolution 2 (Ordinary Resolution)

  • Description: To declare a final dividend of ₹0.50 (25%) per equity share of face value ₹2 each for FY ended March 31, 2026
  • Result: Passed with 99.9996% in favor (172,820,343 votes for, 710 against)

Resolution 3 (Ordinary Resolution)

  • Description: To appoint Mr. Navaniit Narayandas Mandhaani (DIN: 08653090) as director who retires by rotation
  • Result: Passed with 99.7128% in favor (172,324,733 votes for, 496,320 against)

Resolution 4 (Ordinary Resolution)

  • Description: To appoint Secretarial Auditors of the Company
  • Result: Passed with 99.9996% in favor (172,820,343 votes for, 710 against)

Resolution 5 (Special Resolution)

  • Description: To consider and approve remuneration payable to Mr. Gopal Rajaram Kabra (DIN: 02343128), Chairman, Managing Director and CEO
  • Promoter Interest: Yes
  • Result: Passed with 96.4933% in favor (166,760,779 votes for, 6,060,274 against)

Resolution 6 (Special Resolution)

  • Description: To consider and approve revision in maximum remuneration payable to Mr. Mehul Ajit Shah (DIN: 03508348), Whole-Time Director and COO
  • Promoter Interest: Yes
  • Result: Passed with 99.9996% in favor (172,820,327 votes for, 726 against)

Resolution 7 (Special Resolution)

  • Description: To approve increase in borrowing limit under Section 180(1)(c) of Companies Act, 2013
  • Promoter Interest: No
  • Result: Passed with 99.7128% in favor (172,324,741 votes for, 496,312 against)

Resolution 8 (Special Resolution)

  • Description: To approve creation of mortgage or charge on assets under Section 180(1)(a) of Companies Act, 2013
  • Promoter Interest: No
  • Result: Passed with 99.7128% in favor (172,324,741 votes for, 496,312 against)

Voting Process and Methods

  • Remote E-Voting Period: Friday, August 28, 2026 (9:00 AM IST) to Sunday, August 30, 2026 (5:00 PM IST)
  • E-Voting at AGM: Facility provided during the meeting for shareholders who hadn't voted remotely
  • Service Provider: MUFG Intime India Private Limited
  • Vote Unblocking: Conducted on August 31, 2026 at approximately 1:04 PM IST in presence of witnesses Mr. Pranjal Dongare and Ms. Tanvi Dhede
  • Proxy Voting: Not available pursuant to MCA circulars, though body corporates could appoint authorized representatives

Key Voting Outcomes

Overall Participation

  • Total Outstanding Shares: 202,817,266
  • Total Votes Cast: 172,821,053 (85.2102% of outstanding shares)
  • Number of Voting Members: 54 members participated through combined remote and AGM voting

Category-wise Participation

  • Promoter and Promoter Group: 160,621,296 shares (99.9833% participation)
  • Public Institutions: 16,542,984 shares (60.6785% participation)
  • Public Non-Institutions: 25,652,986 shares (8.5311% participation)

Attendance Details

  • Shareholders present in person or through proxy: 0
  • Shareholders attended through VC/OAVM: 52 (6 Promoter/Promoter Group, 46 Public)

Scrutinizer's Role and Findings

  • Name: Mr. Shashank More
  • Firm: SMTP & Associate LLP
  • Qualification: CS
  • Membership Number: A59904
  • Appointment Date: August 7, 2026
  • Report Date: September 2, 2026

The scrutinizer confirmed that the voting process was conducted fairly and transparently, with all votes properly recorded and counted. No invalid votes were declared across any shareholder category.

Compliance Confirmation

The company confirmed compliance with:

  • Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of Companies Act, 2013
  • Rule 20 of Companies (Management and Administration) Rules, 2014
  • Relevant MCA and SEBI circulars

Document Availability

The voting results and Scrutinizer's Report are available on:

  • Company website: www.gkenergy.in
  • MUFG Intime India website: https://instavote.linkintime.co.in/