Meeting Details

The 27th Annual General Meeting (AGM) of Power Mech Projects Limited was successfully convened and held on Thursday, September 17, 2026. The meeting commenced at 09:30 a.m. (IST) and concluded at approximately 10:48 a.m. (IST), excluding the time allowed for insta-poll. The AGM was conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) in compliance with the Companies Act, 2013 and relevant circulars.

Attendance and Quorum

  • Shareholders: 54 shareholders participated through VC/OAVM facility
  • Quorum: Confirmed present by Mr. M. Raghavendra Prasad, Company Secretary and Compliance Officer, via NSDL e-AGM portal

Directors and Key Managerial Personnel Present

All Directors attended virtually:

  • Mr. Sajja Kishore Babu - Chairman and Managing Director, Chairperson of CSR Committee
  • Mr. Sajja Rohit - Whole-time Director
  • Mr. M. Rajiv Kumar - Director, Chairman of Stakeholders Relationship Committee
  • Mrs. Vasundhara Sinha - Independent Woman Director, Chairperson of Audit Committee and Nomination and Remuneration Committee
  • Mr. Jayaram Prasad Chalasani - Independent Director
  • Mr. B. Prasada Rao - Independent Director, Chairman of Risk Management Committee

Other attendees:

  • Mr. N. Nani Aravind - Chief Financial Officer (CFO)
  • Mr. M. Raghavendra Prasad - Company Secretary and Compliance Officer
  • Mr. K. Rajaj - Statutory Auditor representing Brahmayya & Co, Chartered Accountants
  • Mr. D.S. Rao - Secretarial Auditor and appointed Scrutinizer for voting process

Proceedings Summary

Chairman's Address and Formal Proceedings

  • Mr. Sajja Kishore Babu delivered a comprehensive address highlighting the Company's performance, industry positioning, strategic initiatives, and operational aspects
  • Statutory registers including Register of Directors and KMP Shareholding (Section 170) and Register of Contracts (Section 189) were made available for electronic inspection
  • The Notice of AGM dated August 8, 2026 and Annual Report for FY2025-26 were taken as read
  • Auditors' reports (Statutory and Secretarial) contained no qualifications, reservations, or adverse remarks
  • Formal appreciation recorded for contributions of retired Independent Directors Mrs. Lasya Yerramneni and Mr. Vivek Paranjpe, and Mrs. Sajja Lakshmi who stepped down as Non-executive Director

Business Transacted and Resolutions

The following items from the AGM notice were presented for shareholder approval:

1. Ordinary Resolution: Adoption of Audited Financial Statements for FY2025-26 with Reports of Board of Directors and Auditors

2. Ordinary Resolution: Declaration of dividend on equity shares

3. Ordinary Resolution: Re-appointment of Mr. M. Rajiv Kumar as Director retiring by rotation

4. Special Resolution: Appointment of Mrs. Vasundhara Sinha (DIN: 11566123) as Independent Director

5. Special Resolution: Approval for formulation and implementation of "Power Mech Projects Limited - Employee Stock Option Plan - 2026" for granting stock options to Company employees

6. Special Resolution: Approval for implementation of ESOP Plan - 2026 for granting stock options to employees of any Subsidiary of the Company

7. Ordinary Resolution: Ratification of remuneration payable to Cost Auditors for FY2026-27

8. Special Resolution: Payment of remuneration to Mr. M. Rajiv Kumar (DIN: 07336483), Non-Executive Director, by way of consultancy fees

9. Ordinary Resolution: Approval of commission payable to Independent Directors

Voting Process

  • Remote E-Voting: Facility provided via NSDL, open from September 13, 2026 (9:00 a.m. IST) to September 16, 2026 (5:00 p.m. IST)
  • Insta-poll: Electronic voting facility for shareholders attending AGM who hadn't voted remotely, open during meeting and for 15 minutes post-conclusion
  • Scrutinizer: Mr. D.S. Rao, Practicing Company Secretary, appointed to ensure fair and transparent voting process

Shareholder Interaction

  • 15 registered speaker shareholders participated in Q&A session
  • Shareholders appreciated Company's FY2025-26 performance
  • Comprehensive clarifications provided by Mr. Sajja Kishore Babu (Chairman & MD) and Mr. N. Nani Aravind (CFO)

Results Declaration

  • Voting results (consolidated remote e-voting and Insta-poll) along with Scrutinizer's Report will be submitted to NSE and BSE
  • Results will be uploaded to Company's website within two working days from meeting conclusion

Additional Information

  • Video recordings of the AGM available on Company website under Shareholders Information tab: https://powermechprojects.com/announcements/
  • The meeting concluded with vote of thanks to Chairman, Directors, Auditors, shareholders, and stakeholders