Summary of Key Information:
Reporting Period (Quarter/Year): Not Specified
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI Listing Regulations
Audit Opinion:
Not Specified
Key Financial Highlights:
Not Specified
Corporate Actions:
Proposed incorporation of subsidiary company in India:
- Board approved incorporation of OPTL Green Energy Private Limited (or such other name as approved by statutory authorities)
- Subsidiary will be incorporated in India (incorporation process ongoing)
- Company will subscribe to 5,600 equity shares at face value of Rs. 10 each
- Total investment: Rs. 56,000 (Rupees Fifty-Six Thousand only)
- Resulting shareholding: 56% of equity share capital of the proposed subsidiary
- Consideration method: Cash payment
- Business scope: Renewable energy projects including solar, wind, hybrid, hydro, biomass, energy storage and other renewable energy technologies
- Industry classification: Renewable energy industry
- Governmental/regulatory approvals required: Not Applicable
Postal Ballot Approval:
- Board approved seeking shareholder approval via postal ballot (remote e-voting only) for two special resolutions:
1. Special Resolution: To borrow money in excess of paid-up share capital and free reserves of the company under Section 180(1)(c) of the Companies Act, 2013
2. Special Resolution: To create charge/mortgage/pledge/hypothecation/security on Company's assets up to Rs. 1000 crores
- Notice of Postal Ballot with Explanatory Statements and remote e-voting details will be submitted in due course
Other Significant Information:
- Company Secretary and Compliance Officer: Hardik Patel (Membership No.: A55828)
- Digital signature by Hardikkumar Jitendrabhai Patel on July 06, 2026 at 19:18:32 +05'30'