Meeting Details

  • Date and Time: Monday, August 31, 2026, at 11:00 A.M. IST
  • Type of Meeting: 18th Annual General Meeting
  • Location/Format: Held through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Deemed Venue: The Registered Office of the Company at Office No. 1901, Tower A, Gokhale Business Bay, Plot No. A6 A7, Sr. No. 20/2, Paschimnagri, Kothrud, Pune, Maharashtra, India, 411038
  • Notice Approval Date: The notice was approved by the Board of Directors at its meeting held on August 07, 2026.
  • Availability: The notice is available on the company's website (www.gkenergy.in), the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com), and the website of MUFG Intime India Private Limited (https://instavote.linkintime.co.in/).

Summary of Proposed Resolutions and Implications

Ordinary Business

1. Adoption of Financial Statements: To receive, consider, and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and the Auditors. This is proposed as an Ordinary Resolution.

2. Declaration of Final Dividend: To declare a final dividend of ₹0.50 (25%) per equity share of face value ₹2 each for FY 2025-26. This is proposed as an Ordinary Resolution. The record date for eligibility is Monday, August 24, 2026.

3. Re-appointment of Director: To re-appoint Mr. Navaniit Narayandas Mandhaani (DIN: 08653090), who retires by rotation and is eligible for re-appointment. This is proposed as an Ordinary Resolution.

Special Business

4. Appointment of Secretarial Auditor: To appoint CS Avanti Rajwade (Membership No. A30219) as Secretarial Auditor for a term of 5 consecutive financial years (FY 2026-27 to FY 2030-31). The remuneration for FY27 is proposed at ₹1,00,000 plus applicable taxes. This is an Ordinary Resolution.

5. Remuneration for MD & CEO: To approve remuneration for Mr. Gopal Rajaram Kabra (DIN: 02343128), Chairman, Managing Director & CEO, effective April 1, 2026, to March 31, 2029. The proposed remuneration is a sum not exceeding ₹21,00,00,000 (Twenty-One Crore) per annum. This is a Special Resolution.

6. Remuneration for Whole-Time Director & COO: To approve a revision in the remuneration for Mr. Mehul Ajit Shah (DIN: 03508348), Whole-Time Director & COO, effective April 1, 2026, to March 31, 2029. The proposed remuneration is a sum not exceeding ₹3,12,00,000 (Three Crores Twelve Lakhs) per annum. This is a Special Resolution.

7. Increase in Borrowing Limit: To approve an increase in the borrowing limit under Section 180(1)(c) of the Companies Act, 2013, from ₹600 Crore to ₹1,500 Crore. This is a Special Resolution.

8. Creation of Mortgage/Charge: To approve the creation of a mortgage or charge on the company's assets, properties, or undertakings under Section 180(1)(a) of the Companies Act, 2013, to secure borrowings up to the approved limit. This is a Special Resolution.

Voting Process and Methods

The voting process will utilize electronic means as per SEBI and MCA guidelines.

  • Remote E-Voting Period: Commences on Friday, August 28, 2026, at 9:00 A.M. IST and ends on Sunday, August 30, 2026, at 5:00 P.M. IST.
  • Cut-off Date: Monday, August 24, 2026. Shareholders on the register as of this date are eligible to vote.
  • Voting Service Provider: MUFG Intime India Private Limited (MUFG).
  • Methods: Shareholders can vote via:
  • Remote e-voting through the NSDL or CDSL systems using their Demat account credentials.
  • E-voting during the AGM for those who have not voted remotely.
  • Proxy Facility: Not available as the meeting is held via VC/OAVM.
  • Joint Holders: Only the first-named joint holder is entitled to vote.

Scrutinizer Appointment

Mr. Shashank More, partner at SMTP & Associates LLP, Practicing Company Secretaries (Membership No. A59904), has been appointed as the Scrutinizer to scrutinize the remote e-voting process and e-voting during the AGM in a fair and transparent manner.

Compliance Statement

The notice confirms compliance with:

  • Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Section 102 of the Companies Act, 2013 (Explanatory Statement for special business).
  • Regulation 36(3) of SEBI LODR Regulations (Annexure with director details).
  • Secretarial Standard – 2.
  • MCA Circulars (including General Circular No. 03/2025) and SEBI Circulars permitting AGMs via VC/OAVM.

Additional Financial and Procedural Information

  • Financial Performance: The explanatory statement provides standalone financials for context to the remuneration resolutions:
  • FY 2023-24: Turnover ₹4,110.89 million; Net Profit ₹360.90 million.
  • FY 2024-25: Turnover ₹10,948.27 million; Net Profit ₹1,332.23 million.
  • FY 2025-26: Turnover ₹15,325.41 million; Net Profit ₹2,012.73 million.
  • Dividend Payment: The final dividend, if approved, will be paid within 30 days of the AGM. TDS will be applicable as per the Income-tax Act, 2025.
  • Document Inspection: Specific registers (Directors and KMP shareholding, Contracts with interested directors) will be available for electronic inspection by members from the notice date until the AGM date.
  • Attendance: The VC/OAVM facility can accommodate 1,000 members on a first-come-first-serve basis, with no restriction for large shareholders (2%+), promoters, institutions, directors, KMP, and auditors.