Meeting Details

  • Type of Meeting: Postal Ballot (Remote E-voting only)
  • Cut-off Date: Friday, October 30, 2026
  • E-voting Period: Tuesday, November 03, 2026 (9:00 AM IST) to Wednesday, December 02, 2026 (5:00 PM IST)
  • Result Declaration: Within two working days from conclusion of e-voting

Proposed Resolution

Item No. 1: Reallocation of Unutilized IPO Proceeds

  • Special Resolution to reallocate Rs. 19.10 million from Issue-Related Expenses to General Corporate Purposes
  • Original IPO proceeds: Rs. 4,000.00 million (Fresh Issue) + Rs. 642.60 million (Offer for Sale)
  • Net proceeds available to company: Rs. 3,689.43 million after deducting estimated issue expenses of Rs. 310.57 million
  • Current utilization status as per Monitoring Agency Report dated October 29, 2026:
  • Working capital requirements: Rs. 3,224.58 million (100% utilized)
  • General corporate purposes: Rs. 464.85 million (100% utilized)
  • Issue-related expenses: Rs. 291.47 million utilized out of Rs. 310.57 million (93.85% utilized)
  • Total utilized: Rs. 3,980.90 million (99.52% of proceeds)
  • Unutilized balance: Rs. 19.10 million

Voting Process and Methods

  • Voting Method: Remote e-voting only (no physical polling)
  • E-voting Service Provider: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Scrutinizer: Mr. Shashank More, partner of SBMRS and Co. LLP, Practicing Company Secretaries
  • Shareholders eligible: Those recorded in Register of Members/Beneficial Owners as of October 30, 2026
  • Voting rights: Proportional to paid-up equity share capital as on cut-off date
  • No proxy voting allowed

Compliance with Regulations

The postal ballot is conducted pursuant to:

  • Section 110 of Companies Act, 2013
  • Rule 20 and Rule 22 of Companies (Management and Administration) Rules, 2014
  • SEBI Listing Regulations, particularly Regulation 44
  • MCA Circulars including General Circular No. 03/2025 dated September 22, 2025
  • Secretarial Standard on General Meetings (SS-2)
  • Regulation 32 of SEBI LODR Regulations
  • SEBI ICDR Regulations, 2018

Additional Information

  • The company has published advertisement in Form PAS-1 in English and vernacular newspapers
  • No exit offer requirement under Regulation 59 of SEBI ICDR Regulations as utilization exceeds 75% threshold
  • Proposed utilization timeline: On or before December 31, 2026
  • No directors/KMPs have any interest in the resolution except to the extent of their shareholding

Signatories and Contact Information

  • Company Secretary & Compliance Officer: Shubham Suresh Jain (Membership No. A76578)
  • Company CIN: L74900PN2008PLC132926
  • Contact: Tel. 020-2426 8111, Email: investors@gkenergy.in, Website: www.gkenergy.in
  • Scrutinizer Contact: Through registered email address with copy to RTA at enotices@in.mpms.mufg.com