Meeting Details

  • Meeting Type: 42nd Annual General Meeting
  • Date: September 24, 2026
  • Time: 11:30 AM to 11:51 AM IST
  • Location: Conducted through Video Conferencing/Other Audio-Visual Means
  • Record Date: September 17, 2026
  • Total Shareholders on Record Date: 23,413

Attendance Details

  • Promoters/Promoter Group attending via VC: 6 members
  • Public shareholders attending via VC: 60 members
  • No shareholders attended in person or through proxy

Proposed Resolutions and Implications

The AGM considered 12 resolutions covering ordinary and special business:

Ordinary Business (7 Resolutions)

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026 with Board and Auditor reports

2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026 with Auditor report

3. Re-appointment of Mr. Jai Ram Oberoi (DIN: 10361810) as Director liable to retire by rotation

4. Ratification of remuneration payable to Cost Auditors for FY 2026-27

5. Appointment of M/s. Martinho Ferrao & Associates as Secretarial Auditors

6. Appointment of Mr. Maheswar Sahu (DIN: 00034051) as Non-Executive Non-Independent Director

7. Approval for payment of commission to Independent Directors

Special Business (5 Resolutions)

8. Revision in remuneration of Mr. Tushar Gupta (son of Mr. Pradeep Omprakash Gupta) in subsidiary Powerica Renewable Infra Private Limited

9. Re-appointment of Ms. Renu Naresh Oberoi (DIN: 00114588) as Whole-time Director

10. Re-appointment of Mr. Pradeep Omprakash Gupta (DIN: 00013424) as Whole-time Director

11. Re-appointment of Mr. Udaya Shankar Jena (DIN: 09613584) as Independent Director for 5 years effective June 24, 2027

12. Re-appointment of Mr. Sunil Godwin Lobo (DIN: 06477020) as Independent Director for 5 years effective June 27, 2027

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available from September 21, 2026 (9:00 AM) to September 23, 2026 (5:00 PM) through MUFG Intime India Private Limited
  • E-voting during AGM: Available for members attending through VC/OAVM who hadn't participated in remote e-voting
  • No postal ballot was used for any resolution

Key Voting Outcomes

Overall Participation

  • Total outstanding shares: 126,551,877
  • Total votes polled: 119,165,950 (94.1637% participation)
  • All 12 resolutions were approved with requisite majority

Resolution-wise Results

Resolution 1: Adoption of Standalone Financial Statements
  • Total votes in favor: 119,165,867 (99.9999% of votes polled)
  • Votes against: 83 (0.0001% of votes polled)
  • Abstained: 1 shareholder holding 555 shares
Resolution 2: Adoption of Consolidated Financial Statements
  • Total votes in favor: 119,165,867 (99.9999% of votes polled)
  • Votes against: 83 (0.0001% of votes polled)
  • Abstained: 1 shareholder holding 555 shares
Resolution 3: Re-appointment of Mr. Jai Ram Oberoi
  • Total votes in favor: 117,417,681 (98.5329% of votes polled)
  • Votes against: 1,748,269 (1.4671% of votes polled)
  • Abstained: 1 shareholder holding 555 shares
Resolution 4: Ratification of Cost Auditors' Remuneration
  • Total votes in favor: 119,165,781 (99.9999% of votes polled)
  • Votes against: 169 (0.0001% of votes polled)
  • Abstained: 1 shareholder holding 555 shares
Resolution 5: Appointment of Secretarial Auditors
  • Total votes in favor: 119,165,781 (99.9999% of votes polled)
  • Votes against: 169 (0.0001% of votes polled)
  • Abstained: 1 shareholder holding 555 shares
Resolution 6: Appointment of Mr. Maheswar Sahu
  • Total votes in favor: 118,671,542 (99.5851% of votes polled)
  • Votes against: 494,408 (0.4149% of votes polled)
  • Abstained: 1 shareholder holding 555 shares
Resolution 7: Commission to Independent Directors
  • Total votes in favor: 119,165,781 (99.9999% of votes polled)
  • Votes against: 169 (0.0001% of votes polled)
  • Abstained: 1 shareholder holding 555 shares
Resolution 8: Revision in Mr. Tushar Gupta's Remuneration
  • Total votes in favor: 118,668,265 (99.5851% of votes polled)
  • Votes against: 494,384 (0.4149% of votes polled)
  • Abstained: 3 shareholders holding 127 shares in aggregate
  • Invalid votes: 732 shares from two related shareholders were excluded
Resolution 9: Re-appointment of Ms. Renu Naresh Oberoi
  • Total votes in favor: 21,817,038 (99.9984% of votes polled)
  • Votes against: 347 (0.0016% of votes polled)
  • Abstained: 6 shareholders holding 154,547 shares in aggregate
  • Invalid votes: 14,194,656 shares from Warmond Fiduciary Services Limited (interested party) were excluded
Resolution 10: Re-appointment of Mr. Pradeep Omprakash Gupta
  • Total votes in favor: 119,162,402 (99.9998% of votes polled)
  • Votes against: 247 (0.0002% of votes polled)
  • Abstained: 3 shareholders holding 127 shares in aggregate
  • Invalid votes: 732 shares from two related shareholders were excluded
Resolution 11: Re-appointment of Mr. Udaya Shankar Jena
  • Total votes in favor: 119,165,780 (99.9999% of votes polled)
  • Votes against: 170 (0.0001% of votes polled)
  • Abstained: 1 shareholder holding 555 shares
Resolution 12: Re-appointment of Mr. Sunil Godwin Lobo
  • Total votes in favor: 119,165,780 (99.9999% of votes polled)
  • Votes against: 170 (0.0001% of votes polled)
  • Abstained: 1 shareholder holding 555 shares

Category-wise Voting Breakdown

Promoter and Promoter Group
  • Shares held: 97,674,965
  • Participation rate: 99.6658% across most resolutions
  • Unanimous support for all resolutions (100% in favor where voted)
Public Institutions
  • Shares held: 22,725,279
  • Participation rate: 95.8343%
  • Nearly unanimous support for most resolutions (100% in favor for 8 resolutions)
  • Notable opposition: 8.0267% against Mr. Jai Ram Oberoi's re-appointment
Public Non-Institutions
  • Shares held: 6,151,633
  • Participation rate: 0.6302%
  • Generally supportive but with some opposition across multiple resolutions

Scrutinizer's Role and Findings

  • Name: Mr. Martinho Ferrao
  • Firm: M/s. Martinho Ferrao and Associates
  • Qualification: Company Secretary (Membership No. 6221)
  • Appointment Date: August 7, 2026
  • Report Issuance Date: September 24, 2026

The scrutinizer confirmed:

  • The e-voting process was conducted fairly and transparently
  • All regulatory requirements under Companies Act, 2013 and SEBI LODR were complied with
  • The results accurately reflect the votes cast by members
  • Invalid votes were properly identified and excluded from results
  • Records of the voting process are maintained in safe custody

Compliance Confirmation

The company confirmed compliance with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014
  • Secretarial Standard SS-2 on General Meetings
  • Relevant MCA and SEBI circulars regarding e-voting and virtual meetings