Key Agenda Items
Item No. 1: Approval to Advance Loan(s), Give Guarantee(s) and/or Provide Security(ies) under Section 185
- Special Resolution to provide financial assistance to subsidiary Godawari Education and Research Foundation (GERF)
- Maximum amount: ₹150 Crores
- Purpose: For GERF's principal business activities of setting up a Residential School in Raipur
- Terms: Unsecured loan, one or more tranches, mutually agreed terms and conditions
- Mr. Siddharth Agrawal (Director) and his relatives may be deemed interested due to directorship in GERF
- Related parties cannot vote on this resolution as per Regulation 23 of Listing Regulations
Item No. 2: Revision in Remuneration of Mr. Dinesh Agrawal (DIN: 00479936)
- Ordinary Resolution for revised remuneration effective July 01, 2026 to August 10, 2027
- Current remuneration: ₹3.45 Crores per annum (FY2025-26)
- Proposed salary scale: ₹4.80 Crores to ₹8.40 Crores per annum
- Perquisites: Furnishings, medical reimbursement, LTC for self and family, club fees, company cars, insurance
- Communication facilities at residence not considered perquisites
- Overall limit as per Sections 197 and 198 of Companies Act, 2013
- Background: 55 years, Electronic Engineer, with company since inception (21.09.1999)
- Role: Manages rolling capacities, transmission line towers, railway OHE structures, and solar structures
- Shareholding: 2,42,78,425 shares
Item No. 3: Revision in Remuneration of Mr. Siddharth Agrawal (DIN: 02180571)
- Ordinary Resolution for revised remuneration effective July 01, 2026 to March 31, 2027
- Current remuneration: ₹3.45 Crores per annum (FY2025-26)
- Proposed salary scale: ₹4.80 Crores to ₹8.40 Crores per annum
- Same perquisite structure as Mr. Dinesh Agrawal
- Background: 45 years, MBA (Finance and Marketing), Director since 20.01.2018
- Role: Establishes and operates solar capacities, monitors Residential School Project and CSR activities
- Shareholding: 2,23,48,040 shares
- Relationship: Son of Mr. Bajrang Lal Agrawal (CMD), Brother of Mr. Abhishek Agrawal (WTD)
Item No. 4: Revision in Remuneration of Mr. Abhishek Agrawal (DIN: 02434507)
- Ordinary Resolution for revised remuneration effective July 01, 2026 to November 08, 2026
- Current remuneration: ₹3.45 Crores per annum (FY2025-26)
- Proposed salary scale: ₹4.80 Crores to ₹8.40 Crores per annum
- Same perquisite structure as other directors
- Background: 42 years, Masters in International Business from Leeds University, Director since 09.11.2016
- Role: Oversees Siltara Integrated Steel capacity, monitors CRM Project, New Integrated Steel Plant, BESS Project
- Shareholding: 2,21,81,605 shares
- Relationship: Son of Mr. Bajrang Lal Agrawal (CMD), Brother of Mr. Siddharth Agrawal (WTD)
Company Financial Performance (FY2025-26)
- Gross Turnover & Other Income: ₹4905.45 crores
- Net Profit After Tax: ₹919.43 crores
- Net Profit as per Section 198: ₹1160.05 crores
- Net Worth: ₹5676.81 crores
EGM Details
- Date: Saturday, 27th June, 2026
- Time: 11:30 AM IST
- Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
- Deemed Venue: Corporate Office, 2nd Floor, Hira Arcade, Pandri, Raipur, Chhattisgarh 492004
- Cut-off date for voting rights: Saturday, 20th June, 2026
E-Voting Arrangements
- Remote e-voting period: 24th June, 2026 (09:00 AM) to 26th June, 2026 (05:00 PM)
- Service provider: National Securities Depository Limited (NSDL) - EVEN-139428
- Scrutinizer: CS Brajesh R. Agrawal, Practicing Company Secretary (CP No. 5649)
- Results declaration: On or after EGM, placed on company website and communicated to stock exchanges
Shareholder Information
- Registrar & Transfer Agent: MUFG Intime India Private Limited
- Company Secretary: Y.C. Rao (Membership No. F-3679)
- Helpline numbers provided for VC participation and e-voting assistance
- Physical attendance dispensed with as per MCA and SEBI circulars
#Tags: #GodawariPower #EGM #SEBIDisclosure #RegulatoryCompliance #ManagementRemuneration #SubsidiaryLoan #Neutral