Date, Location, and Type of Meeting

The 31st Annual General Meeting was held on Monday, September 21, 2026. The meeting was conducted entirely through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). It commenced at 11:30 A.M. (IST) and concluded at 12:38 P.M. (IST), which included the time allowed for voting during the meeting.

Summary of Proposed Resolutions

The meeting was convened to transact the businesses as set forth in the AGM Notice dated August 06, 2026. The agenda included the following eight resolutions:

Ordinary Business

1. To receive, consider, and adopt:

  • The audited financial statement of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and Auditors thereon.
  • The audited consolidated financial statement of the Company for the financial year ended March 31, 2026, and the report of Auditors thereon.

2. To confirm the first interim dividend of ₹ 0.25 per equity share and the second interim dividend of ₹ 0.75 per equity share (both already paid), aggregating to ₹ 1.00 per equity share, as the final dividend for the financial year ended March 31, 2026.

3. To appoint Mr. Sudhir Moola (DIN: 02185026), who retires by rotation, as a Director.

4. To re-appoint M/s. Deloitte Haskins & Sells, Chartered Accountants (Firm Registration No. 008072S), as the statutory auditors of the Company.

Special Business

5. To approve the ratification of the Cost Auditor's Remuneration.

6. To re-appoint Mr. Chiranjeev Singh Saluja (DIN: 00664638) as the Managing Director of the Company.

7. To re-appoint Mr. Surenderpal Singh Saluja (DIN: 00664597) as the Chairman and Whole-time Director of the Company.

8. To approve the raising of capital through an issuance of equity shares or other eligible convertible securities for an amount not exceeding ₹ 5,000 Crores.

Voting Process and Methods Used

The voting process was conducted as follows:

  • A remote e-voting facility was made available to members prior to the meeting.
  • An e-voting facility during the AGM was available for members who had not cast their votes earlier via remote e-voting.
  • Mr. Mohit Gurjar, Partner of M/s. P. S. Rao & Associates, Practicing Company Secretaries, was appointed as the Scrutinizer to scrutinize the voting process.

Key Proceedings and Management Address

  • Mr. Hitesh Kumar Jain, Company Secretary & Compliance Officer, confirmed the presence of a requisite quorum and outlined the procedural aspects of the meeting, including the distribution of the Annual Report and the voting process.
  • It was confirmed that the Statutory Auditors' Reports and Secretarial Audit Report for FY26 contained no qualifications, reservations, adverse remarks, or observations.
  • Mr. Surenderpal Singh Saluja, Chairperson, delivered a formal address highlighting the company's strong financial performance in FY26, its expansion across the solar value chain, and its efforts in building a battery energy storage business with a focus on responsible growth and sustainable value creation.
  • Mr. Chiranjeev Singh Saluja, Managing Director, also addressed the shareholders, followed by an industry update provided by Mr. Vinay Rustagi, Chief Business Officer.
  • A Question & Answer session was held where registered speaker shareholders expressed views and asked questions, which were answered by the management.

Declaration of Results and Compliance

  • The Chairperson informed that the voting facility would remain open for 15 minutes after the conclusion of the address.
  • It was confirmed that the voting results, along with the Scrutinizer's consolidated report, would be declared and hosted on the Company's website and the website of NSDL, and filed with the stock exchanges.
  • The proceedings were conducted in accordance with the applicable provisions of the Companies Act, 2013, and relevant circulars issued by the Ministry of Corporate Affairs and SEBI.