Meeting Details

The 49th Annual General Meeting of Keltech Energies Limited was held on Friday, August 7, 2026, at 11:00 A.M. (IST) through Video Conferencing/Other Audio Visual Means. The meeting concluded at 11:30 A.M. (IST).

Attendance

Directors Present:

  • Mr. Santosh Laxmanrao Chowgule (Vice-Chairman and Director, elected Chairman for the AGM)
  • Mr. Vijay Chowgule (Chairman)
  • Mr. Mahesh Vijay Wataney (Managing Director)
  • Mr. Vijay Nayak Pangal (Independent Director)
  • Mrs. Janhavi Rajeev Apte Kothari (Independent Director)
  • Mr. Vasudev Narayan Tumbe (Independent Director)
  • Mr. Satish Vasant Ghatge (Independent Director)
  • Mr. Deepak Jadhav (Independent Director)

Other Representatives:

  • Rachana Kanhaiyalal Salawat (Company Secretary and Compliance Officer)
  • Prabhudev Paramashivaiah (CFO)
  • Himanshu Kishnadwala from CNK and Associates LLP (Statutory Auditors)
  • Sharvari Kulkarni from M/s Sharvari Kulkarni and Associates (Secretarial Auditors and Scrutinizer)
  • Sujay Sukumar (Chief Operating Officer)

Business Transacted

Ordinary Business:

1. Adoption of Audited Financial Statements for FY 2025-26: Audited Balance Sheet as at March 31, 2026, Statement of Profit and Loss (including other Comprehensive Income), Statement of Changes in Equity, and Cash Flow Statement together with Reports of Directors and Auditors.

2. Dividend Declaration: Final dividend of ₹1.50 per share on 10,00,000 equity shares of face value ₹10 each, aggregating ₹15,00,000 for financial year ended March 31, 2026. Dividend payable to members whose names appear in the Register of Members as on July 31, 2026.

3. Director Reappointment: Reappointment of Mr. Santosh Laxmanrao Chowgule (DIN: 00097736), Executive Director and Vice-Chairperson, who retired by rotation.

Special Business - Ordinary Resolution:

4. Cost Auditor Appointment: Appointment of Mr. Vikas Vinayak Deodhar, Practising Cost Accountant (Membership No. 3813) as Cost Auditor for financial year 2026-2027.

Special Business - Special Resolution:

5. Director Reappointment: Reappointment of Mr. Vijay Vishwasrao Chowgule (DIN: 00018903), Non-Executive - Non-Independent Director, who retired by rotation.

6. Managerial Remuneration: Approval of managerial remuneration to be paid to Mr. Santosh Laxmanrao Chowgule (DIN: 00097736), Executive Director and Vice-Chairperson.

7. Managerial Remuneration: Approval of managerial remuneration to be paid to Mr. Mahesh Vijay Wataney (DIN: 09631354), Managing Director.

8. Borrowing Powers: Approval for increase in borrowing powers under Section 180(1)(c) of the Companies Act, 2013.

Voting and Procedures

The Board appointed Ms. Sharvari Sham Kulkarni, Proprietor of M/s. Sharvari Kulkarni and Associates, Practicing Company Secretaries, Bengaluru, as Scrutinizer to supervise e-voting. All resolutions were passed by shareholders by requisite majority through remote e-voting or poll conducted during the AGM.

Documentation

The combined Scrutinizer's Report on remote e-voting and poll will be intimated to the Stock Exchange and uploaded on the company's website and RTA's website.