Nature of the Event

This is a regulatory disclosure intimation and the accompanying Postal Ballot Notice sent to shareholders. The notice seeks approval for a special resolution through a remote electronic voting (e-voting) process.

Key Resolution

Appointment of Mr. Abhijit Deshpande (DIN: 02926610) as an Independent Director: The resolution seeks shareholder approval to formally appoint Mr. Abhijit Deshpande as a Non-Executive Independent Director. He was initially appointed as an Additional Director in this capacity by the Board of Directors at its meeting held on May 12, 2026, pursuant to Section 161(1) of the Companies Act, 2013. The appointment is proposed for a term of 5 (five) consecutive years with effect from May 12, 2026. He will not be liable to retire by rotation.

Director Details and Eligibility

Mr. Abhijit Jayant Deshpande holds a Bachelor of Engineering (B.E.) degree in Electronics and Telecommunication Engineering. He is described as a senior power sector professional with over 35 years of experience in electricity distribution, regulatory governance, power procurement, and tariff determination. His previous associations include Maharashtra State Electricity Distribution Company Limited (Mahavitaran) and he has served as Secretary of the Maharashtra Electricity Regulatory Commission (MERC).

The Company is in receipt of his consent to act as a director, a declaration that he meets the criteria of independence under Section 149(6) of the Act and Regulation 16(1)(b) of the SEBI Listing Regulations, and a declaration of eligibility under Section 164 of the Act. He does not hold any shares in the Company and holds no directorships in other listed entities.

Voting Process and Key Dates

  • Cut-off Date for Eligibility: Friday, July 03, 2026. Members holding equity shares as of this date are entitled to vote.
  • Remote E-Voting Period: Commences at 09:00 a.m. (IST) on Friday, July 10, 2026, and concludes at 05:00 p.m. (IST) on Saturday, August 08, 2026.
  • E-Voting Service Provider: Central Depository Services (India) Limited (CDSL).
  • Result Declaration: The results, along with the Scrutinizer's report, will be declared within two working days after the e-voting period concludes and will be displayed on the company's website (mep.ltd) and CDSL's website (www.evotingindia.com).
  • Scrutinizer: Mr. Manoj Mimani, Practicing Company Secretary (Membership No. ACS 17083, CP No. 11601), Partner of R M Mimani & Associates LLP, has been appointed to scrutinize the voting process.

Distribution of Notice

In compliance with MCA Circulars (including General Circular Nos. 14/2020, 17/2020, and 03/2025), the notice is being sent only through electronic mode to members whose email IDs are registered with the Company/Depositories/RTA. Physical copies of the notice are not being dispatched.

Remuneration

The resolution states that Mr. Deshpande shall be entitled to receive remuneration/fees/commission as permitted for a Non-Executive Independent Director under the Act and SEBI Listing Regulations, as recommended by the Nomination and Remuneration Committee and approved by the Board from time to time. No specific amount is quantified in the disclosure.

Financial and Capital Structure Impact

No direct financial or capital structure impact is disclosed. The appointment is a governance action with associated director remuneration costs, which are not quantified.

Inspection of Documents

The draft letter of appointment for Mr. Deshpande is available for inspection by members without any fee at the Registered Office of the Company during normal business hours. Members can also request documents via email at [cs@mep.ltd](mailto:cs@mep.ltd) until the end of the e-voting period (August 08, 2026).