Meeting Details

  • Date: Tuesday, 29th September 2026
  • Type: 25th Annual General Meeting
  • Mode: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Timing: Commenced at 4:00 PM IST and concluded at 5:20 PM IST
  • Location: Virtual meeting

Attendees

Directors Present:

  • Mr Thalavaidurai Pandyan - Chairman & Managing Director
  • Mr Bharanidharan Pandyan - Joint Managing Director
  • Mrs Chitra Pandyan - Whole Time Director
  • Mr Mahesh Saralaya - Whole Time Director
  • Mr Rajendra Iyer - Independent Director & Chairman of Nomination & Remuneration Committee
  • Mr Shailesh Kumar Mishra - Independent Director & Chairman of Stakeholders Relationship Committee
  • Mr Sadayandi Raamesh - Independent Director
  • Ms Pournima Kulkarni - Independent Director & Chairperson of Audit Committee

Other Attendees:

  • Mr Rajesh Jayaraman - Chief Financial Officer
  • Mrs Sarika Jadhav - Sr Vice President-Finance
  • Mrs Mrudula Desai - Finance Controller
  • CA Kishor Gujar (Kishor Gujar & Associates) - Statutory Auditor
  • CS Abhay Gulavani - Secretarial Auditor/Scrutinizer
  • CMA Rupesh Kale - Cost Auditor
  • Mr S. Anantha Rama Subramanian - Company Law Consultant
  • CA Shirish Kirloskar - Tax Auditor
  • 60 members attended the Annual General Meeting

Proceedings Summary

Mr. Deepak Suryavanshi, Company Secretary & Compliance Officer, welcomed members and briefed them on participation details. Mr. Thalavaidurai Pandyan chaired the meeting. The Chairman addressed shareholders about company progress and achievements during the last financial year. Mr. Rajendra Iyer, Independent Director, and Mr. Bharanidharan Pandyan, Joint Managing Director, also addressed shareholders, with the latter briefing on business growth, key developments, and future outlook.

Voting Process

  • Conducted as per Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended, Regulation 44 of SEBI LODR Regulations, 2015, and Secretarial Standards on General Meeting (SS-2)
  • E-voting facility provided through MUFG Intime India Pvt. Ltd. platform (formerly Link Intime India Pvt. Ltd)
  • E-voting period: Saturday, 26th September 2026 (09:00 AM IST) to Monday, 28th September 2026 (05:00 PM IST)
  • Facility to vote during the meeting was available for members who hadn't cast votes through remote e-voting
  • CS Abhay R Gulavani, Practicing Company Secretary, Sangli, appointed as scrutinizer to scrutinize the remote e-voting process
  • E-voting remained open for 15 minutes after meeting conclusion

Resolutions Transacted

Ordinary Business:

1. To receive, consider and adopt the audited Standalone Financial Statements as at 31st March 2026 along with Reports of Directors and Auditors

2. To receive, consider and adopt the Audited Consolidated Financial Statements as at 31st March 2026 along with Reports of Auditors

3. To declare a Dividend of ₹1 per equity share (face value ₹10 each) for FY ended 31st March 2026 to Non-Promoter category shareholders (Promoters waived their right)

4. To appoint a Director in place of Mr. Bharanidharan Pandyan (DIN: 01298247) who retires by rotation

5. To ratify remuneration of Cost Auditors for FY ending March 31, 2027

Special Business:

6. Re-appointment of Mr Thalavaidurai Pandyan (DIN: 00439782) as Chairman and Managing Director and approval of remuneration

7. Re-appointment of Mr Bharanidharan Pandyan (DIN: 01298247) as Whole Time Director designated as Joint Managing Director and approval of remuneration

8. Re-appointment of Mrs Chitra Pandyan (DIN: 02602659) as Whole Time Director and approval of remuneration

9. Re-appointment of Mr Mahesh Saralaya (DIN: 10509703) as Whole Time Director and approval of remuneration

10. Re-appointment of Mr. Sadayandi Ramesh (DIN: 00588780) for second term as Independent Director

Shareholder Interaction

Mr. Bharanidharan Pandyan, Joint MD, answered queries/questions from shareholders during the meeting.

Voting Results Disclosure

  • Consolidated voting results to be declared within 48 hours of AGM conclusion
  • Results displayed at registered office: Plot No L-61, MIDC, Kupwad Block, Sangli 416436
  • Results available on company website (www.qualitypower.com), BSE website (www.bseindia.com), NSE website (www.nseindia.com), and Registrar and Share Transfer Agent website

Compliance Statement

The proceedings confirm compliance with applicable laws and regulations including Companies Act, 2013 and SEBI LODR Regulations, 2015.