Key Resolutions and Appointments

Resolution 1: Ordinary Resolution

  • Appointment of Shri Om Prakash Ajmera (DIN: 00322834) as Non-Executive Non-Independent Director, liable to retire by rotation
  • Effective from September 1, 2026
  • Fellow member of ICAI and Associate member of ICSI
  • Group CFO of the Company (without remuneration)
  • Holds directorships in 9 other companies including Malana Power Company Limited and AD Hydro Power Limited

Resolution 2: Ordinary Resolution

  • Appointment of Shri Yash Kela (DIN: 06987721) as Non-Executive Non-Independent Director, liable to retire by rotation
  • Effective from September 1, 2026
  • Bachelor's Degree in Engineering (IT) from Dhirubhai Ambani Institute
  • Founder of Singularity Green Private Limited and Singularity Ventures Private Limited
  • Manages cumulative assets of over ₹3,000 crore through AIFs
  • Holds directorships in 16 other companies

Resolution 3: Special Resolution

  • Appointment of Shri Riju Jhunjhunwala (DIN: 00061060) as Managing Director & CEO
  • Term: September 1, 2026 to August 31, 2031 (5 years)
  • Not liable to retire by rotation
  • Remuneration structure:
  • Basic Salary: ₹35 lakh per month with 15% annual increase
  • Perquisites Category A (capped at 10% of basic salary): Gas, Electricity, Water, Medical Allowance (1 month's basic salary), LTC, Club Fees (2 clubs), Medical & Personal Accident Insurance
  • Perquisites Category B: Provident Fund/NPS, Superannuation/Annuity Funds, Gratuity, Leave encashment
  • Perquisites Category C: Car, Mobile Phone, Reimbursement of legitimate expenses, Other benefits as per company policy
  • Will also act as Chairman and CEO of the Company
  • Minimum remuneration payable even in case of loss or inadequacy of profits
  • Currently holds 6,782 equity shares in the company

Resolution 4: Special Resolution

  • Appointment of Shri Manish Sharma (DIN: 06549914) as Independent Director
  • First term of 5 years: September 1, 2026 to August 31, 2031
  • Graduate from Bhilai Institute of Technology
  • Former Chairman and Enterprise Growth Officer of Panasonic Life Solutions India & South Asia
  • Will receive sitting fees for board/committee meetings
  • Holds 80,436 equity shares in the company

Resolution 5: Special Resolution

  • Appointment of Shri Ameya Suresh Prabhu (DIN: 00629670) as Independent Director
  • First term of 5 years: September 1, 2026 to August 31, 2031
  • BSc in Economics, Politics and International Studies from University of Warwick
  • MSc in Financial Management from IE Business School, Madrid
  • Managing Director of Aarna Holdings, Founder and CEO of NAFA Capital
  • Has waived sitting fees initially

Resolution 6: Special Resolution

  • Appointment of Shri Pushp Jain (DIN: 00033289) as Independent Director
  • First term of 5 years: September 1, 2026 to August 31, 2031
  • Commerce Graduate from University of Delhi, MBA from University of Southern California
  • Certificate Course in Managerial Finance and Capital Markets from Harvard University
  • Will receive sitting fees for board/committee meetings

Resolution 7: Special Resolution

  • Appointment of Shri Sanjeev Mehra (DIN: 02626778) as Independent Director
  • First term of 5 years: September 1, 2026 to August 31, 2031
  • B.Tech (Electrical Engineering) and P.G. Diploma in Business Administration
  • Seasoned power sector professional with 40+ years experience
  • Will receive sitting fees for board/committee meetings

Resolution 8: Special Resolution

  • Appointment of Shri Rajiv Dewan (DIN: 00007988) as Independent Director
  • First term of 5 years: September 1, 2026 to August 31, 2031
  • Fellow Member of ICAI with 40+ years experience in tax planning and corporate laws
  • Will receive sitting fees for board/committee meetings

Voting Process Details

  • E-voting period: October 29, 2026 (9:00 AM) to November 27, 2026 (5:00 PM)
  • Service provider: National Securities Depositories Limited (NSDL)
  • Cut-off date for voting eligibility: October 23, 2026
  • Results declaration: By December 1, 2026 (within 2 working days of e-voting conclusion)
  • Scrutinizer: Shri Saket Sharma, Practicing Company Secretary (FCS 4229)
  • Notice sent only via email to registered members

Company Background

  • Corporate Office: Bhilwara Towers, A-12, Sector-1, Noida - 201 301, Uttar Pradesh
  • Business: Advanced battery materials platform with manufacturing, R&D, and innovation foundation, including battery energy solutions & green power
  • 14 MW Wind Power Project operational since March 2014

Financial Context

  • FY 2025-26 Standalone Performance:
  • Total Income: ₹17,888.39 lakh
  • PBT: ₹10,302.75 lakh
  • PAT: ₹9,663.50 lakh
  • Net worth: ₹4,82,998.39 lakh
  • Foreign investment: 20.35% of total equity share capital as of September 30, 2026