Meeting Details

The 65th Annual General Meeting will be held on Saturday, 27th June 2026 at 11:00 A.M. through VC/OAVM without physical presence of members at a common venue.

Ordinary Business Items

1. Adoption of Financial Statements: To consider and adopt Audited Financial Statements for financial year ended 31st March 2026 along with Reports of Board of Directors and Auditors.

2. Dividend Declaration:

  • Dividend of ₹3 (Rupees Three only) per equity share declared for financial year 2025-26
  • Payable on 89,63,840 equity shares of ₹2 each fully paid-up
  • Record date for determining eligible shareholders: Friday, 12th June 2026
  • Dividend payment to be made on or before Saturday, 4th July 2026
  • Payment subject to deduction of tax at source
  • Dividend will be paid electronically to members who have updated bank details with Depository Participants or Company/RTA

3. Reappointment of Retiring Director:

  • Mr. M. Ignatius (DIN: 08463140) retires by rotation and is eligible for reappointment
  • Electrical engineer with over four decades of experience in the company
  • Previously reappointed as Whole Time Director designated as Director (Operations) for 3 years from 1st April 2025 through Special Resolution passed on 19th March 2025
  • Remuneration: ₹31.50 lakhs plus Performance Incentive of ₹24 lakhs
  • Attended all 5 board meetings during 2025-26
  • Holds no shares in the company
  • Not debarred by SEBI or any statutory authority

Special Business Items

4. Commission to Non-Executive Directors:

  • Seeking authorization for payment of commission to Non-Executive Directors (including Nominee Director)
  • Commission payable exclusive of sitting fees
  • Aggregate commission not to exceed limits prescribed under Section 198 of Companies Act, 2013
  • Commission divisible among directors as decided by Board
  • Period: Three years (exact period not specified)

Procedural Details

  • Book Closure: Register of members and Share Transfer Books will remain closed from Saturday, 13th June 2026 to Saturday, 27th June 2026 (both days inclusive)
  • Voting Rights: Determined as on Saturday, 20th June 2026
  • Remote e-Voting Period: Commences Wednesday, 24th June 2026 (09:00 A.M.) and ends Friday, 26th June 2026 (05:00 P.M.)
  • Scrutinizer: Mr. A S Kalyanaraman, Practicing Chartered Accountant (Membership No. 201149) appointed
  • e-AGM Facility: CDSL appointed to provide VC/OAVM facility

Tax Implications

  • Dividend taxable in hands of members as per Income Tax Act, 2025 amended by Finance Act, 2026
  • Company required to deduct TDS at applicable rates
  • Different rates for resident and non-resident shareholders
  • Documents for lower/nil TDS deduction must be submitted by Friday, 12th June 2026
  • Form 121 to be submitted for exemption claims

Unclaimed Dividend

  • Unpaid/unclaimed dividend for seven years transferred to Investor Education and Protection Fund (IEPF)
  • Shares with unclaimed dividend for seven consecutive years transferred to IEPF
  • Details available on company website and www.iepf.gov.in

Document Availability

  • AGM notice and Annual Report available on company website https://www.highenergy.co.in/
  • Also available on BSE website www.bseindia.com and CDSL website www.evotingindia.com
  • Physical copies available on request