IREDA 39th AGM Proceedings on September 29, 2026

Meeting Details

• Date: Tuesday, September 29, 2026
• Time: Commenced at 12:30 PM IST and concluded at 01:54 PM IST
• Location: Held through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) without physical presence
• Type: Annual General Meeting

Attendees

Directors Present:

• Dr. Bijay Kumar Mohanty, Chairman and Managing Director (Addl. Charge); Director (Finance), Chief Financial Officer and Shareholder
• Shri Manoneet Dalal, Independent Director and Chairman of Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, IT Strategy Committee, Risk Management Committee
• Shri Padam Lal Negi, Government Nominee Director (Joined shortly after commencement)

Directors Absent:

• Shri J.V.N. Subramanyam, Government Nominee Director (due to official commitments)

Other Attendees:

• Smt. Ekta Madan, Company Secretary
• Shri Aseem Kumar, Director, Ministry of New and Renewable Energy (MNRE), and authorized representative of Government of India (Promoter)
• Statutory Auditors: Shri Shiv Prakash Chaturvedi and Shri Manish Gupta (Partners of M/s Shiv & Associates); Shri Kamal Rai Madhra and Shri Hemant Gupta (Partners of M/s Rao & Emmar)
• Shri P.C. Jain, Managing Partner of M/s P.C. Jain & Co., Secretarial Auditor and Scrutinizer
• Total 122 shareholders attended through VC/OAVM (including Directors and KMP holding shares)

Summary of Proposed Resolutions

The following ordinary and special business items were proposed for shareholder approval:

Ordinary Business:

1. To receive, consider and adopt the Audited Standalone & Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, along with the reports of the Board of Directors, Auditors and the Comments of the Comptroller & Auditor General of India thereon (Ordinary Resolution)

2. To confirm the Interim Dividend declared and paid for the financial year 2025-26 and to declare the Final Dividend for the financial year 2025-26 (Ordinary Resolution)

3. To appoint a Director in place of Shri Padam Lal Negi (DIN: 10041397), Director (Government Nominee), who retires by rotation and being eligible, offers himself for re-appointment (Ordinary Resolution)

4. To authorize the Board of Directors of the Company to fix the remuneration of Statutory Auditors as appointed by the Comptroller and Auditor General of India for the financial year 2026-27 (Ordinary Resolution)

Special Business:

5. To appoint Shri Javvadi Venkata Naga Subramanyam (DIN: 07935156) as a Director (Government Nominee) of the Company (Ordinary Resolution)

6. To appoint Shri Manoneet Dalal (DIN: 10059661) as Non-Official Director (Independent Director) of the Company (Special Resolution)

7. To ratify the remuneration of the Cost Auditor for the Financial Year 2026-27 (Ordinary Resolution)

Voting Process and Methods

The Company provided remote e-voting facility to members as of the cut-off date (September 22, 2026). The e-voting period was from Saturday, September 26, 2026, at 09:00 AM to Monday, September 28, 2026, at 05:00 PM. The e-voting facility remained open for 15 minutes after the conclusion of the meeting to enable members who hadn't voted earlier to cast their votes. MUFG Intime India Private Limited served as the e-voting service provider.

Key Meeting Proceedings

• The Company Secretary confirmed that the Notice of the 39th AGM dated September 02, 2026, along with audited financial statements, Board's Report, and Auditor's Reports were sent to all shareholders via email
• The Chairman presented the company's key achievements, operational and financial performance, financial highlights, and recognitions received during FY 2025-26, along with future outlook
• The company launched its first-ever ESG Report for FY 2025-26
• Statutory Auditors gave their report without any qualification, adverse comments, or disclaimer
• The Comptroller & Auditor General of India gave 'NIL' comments on the financial statements
• The Secretarial Audit Report noted non-compliance regarding board composition and Board Level Committee(s) due to absence of Independent Directors for a certain period, and non-compliance with quorum requirements in one Board Meeting during FY 2025-26
• Management response indicated that IREDA is a Government Company where power to appoint Directors vests with the President of India through MNRE, and the matter is being actively pursued with the Administrative Ministry
• Registered speaker shareholders were invited to share views and ask questions, which were answered by the Chairman

Compliance Information

The meeting was conducted in accordance with the provisions of the Companies Act, 2013, and circulars/guidelines issued by the Ministry of Corporate Affairs and SEBI. The statutory registers and all documents referred to in the Notice are available electronically on the company website (www.ireda.in) for inspection. The voting results and scrutinizer report will be declared and uploaded on the company website and submitted to the stock exchanges where the company's shares are listed.