Meeting Details

The voting was conducted via a Postal Ballot (Remote e-voting only), not a physical meeting. The process was approved by the Board of Directors on 6th June 2026. The remote e-voting period commenced on Friday, 12th June 2026 (9:00 a.m. IST) and concluded on Saturday, 11th July 2026 (5:00 p.m. IST). The results were declared on 11th July 2026.

Proposed Resolutions and Implications

Two special resolutions were proposed for shareholder approval:

Resolution 1: Appointment of Mr. Anil Shankarlal Mittal as a Non-Executive Independent Director

This resolution sought to formally appoint Mr. Mittal (DIN: 00040337), who was appointed as an Additional Director by the Board effective 22nd May 2026. His appointment is for a term of 5 years, from 22nd May 2026 to 21st May 2031. He meets the independence criteria under the Companies Act, 2013 and SEBI LODR Regulations.

Resolution 2: Alteration of Memorandum of Association

This resolution sought approval to alter Clause 3(b) of the MoA by inserting a new sub-clause 36. The new object allows the company "To generate electricity or energy from solar, wind and other renewable energy sources for the use of the Company and to sell, supply, transfer, trade or otherwise dispose off any surplus electricity or energy generated therefrom through power exchanges, distribution licensees, government authorities or any other legally permissible mode."

Voting Process

The voting was conducted solely through remote e-voting. The company engaged KFin Technologies Limited to provide the e-voting facility. The Notice of Postal Ballot was sent electronically via KFintech to members on 11th June 2026. A public notice was published in the Financial Express (all editions) and Loksatta (Pune edition) on 12th June 2026. The cut-off date for determining member eligibility was Friday, 5th June 2026.

Scrutinizer's Role

Ms. Savita Jyoti (Practicing Company Secretary, Membership No. FCS 3738, Certificate of Practice No. 1796) was appointed as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner. She submitted her Scrutinizer's report on 11th July 2026.

Key Voting Outcomes

Resolution 1: Appointment of Director

  • Total Votes Cast: 687,756,96 (687,728,14 in favor + 2,832 against + 50 invalid/abstain)
  • In Favor: 147 members cast 687,728,14 votes, representing 99.996% of valid votes.
  • Against: 6 members cast 2,832 votes, representing 0.004% of valid votes.
  • Invalid/Abstain: 1 member abstained, accounting for 50 votes.

Resolution 2: Alteration of MoA

  • Total Votes Cast: 687,756,96 (687,731,89 in favor + 2,457 against + 50 invalid/abstain)
  • In Favor: 150 members cast 687,731,89 votes, representing 99.996% of valid votes.
  • Against: 3 members cast 2,457 votes, representing 0.004% of valid votes.
  • Invalid/Abstain: 1 member abstained, accounting for 50 votes.

Both resolutions were passed with the requisite majority.

Compliance Confirmation

The document confirms that the postal ballot was conducted in compliance with Section 110 and 108 of the Companies Act, 2013, Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, Regulation 44 of SEBI LODR, 2015, and relevant MCA and SEBI circulars, including SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.