EGM Details

The Extra Ordinary General Meeting of Quality Power Electrical Equipments Limited was held on Monday, 19th October 2026 at 04:00 p.m. (IST) through Video Conferencing/Other Audio-Visual Means. The meeting was attended by the requisite quorum.

Record Date and Shareholder Base

The record date for determining voting rights was 12th October 2026. The total number of shareholders as on the record date was 94,033.

Scrutinizer Appointment

CS Abhay R Gulavani, Practicing Company Secretary, Sangli (Membership No.: 10668) was appointed as Scrutinizer by the Board of Directors in their meeting dated 23rd September 2026 to scrutinize the voting through electronic means (remote e-voting and e-voting during the EGM). The scrutinizer issued his report to the company on 21st October 2026.

Voting Participation

Total 104 members holding 62,797,767 equity shares, representing 81.09% of the paid-up equity share capital, cast their votes through remote e-voting and e-voting during the EGM. Three members cast their vote by poll at the EOGM.

Resolution Details and Voting Results

Resolution 1: Special Resolution - Issuance of equity shares to selling shareholders of Winwin Speciality Insulators Limited by way of preferential issue (share swap)

  • Promoter Interest: No
  • Total Votes Polled: 62,797,767 shares (81.09% of outstanding shares)
  • Votes in Favor: 61,536,253 shares (97.99% of votes polled)
  • Votes Against: 1,261,514 shares (2.01% of votes polled)
  • Invalid Votes: Nil
  • Result: Special Resolution passed with requisite majority

Resolution 2: Special Resolution - Approval of Raising of Capital Through Qualified Institutions Placement (QIP)

  • Promoter Interest: No
  • Total Votes Polled: 62,797,767 shares (81.09% of outstanding shares)
  • Votes in Favor: 62,797,767 shares (100% of votes polled)
  • Votes Against: 0 shares (0% of votes polled)
  • Invalid Votes: Nil
  • Result: Special Resolution passed with requisite majority

Resolution 3: Ordinary Resolution - Approval of Related Party Transactions with Promoters and Promoter Group

  • Promoter Interest: Yes (promoters abstained from voting)
  • Total Votes Polled: 5,558,307 shares (7.18% of outstanding shares)
  • Votes in Favor: 5,054,500 shares (90.93% of votes polled)
  • Votes Against: 503,807 shares (9.07% of votes polled)
  • Invalid Votes: Nil
  • Result: Ordinary Resolution passed with requisite majority

Voting Breakdown by Category

Resolution 1 (Share Swap):

  • Promoter & Promoter Group: 57,239,460 shares voted (100% in favor)
  • Public Institutions: 5,279,295 shares voted (76.10% in favor, 23.90% against)
  • Public Non-Institutions: 279,012 shares voted (100% in favor)

Resolution 2 (QIP):

  • Promoter & Promoter Group: 57,239,460 shares voted (100% in favor)
  • Public Institutions: 5,279,295 shares voted (100% in favor)
  • Public Non-Institutions: 279,012 shares voted (100% in favor)

Resolution 3 (Related Party Transactions):

  • Promoter & Promoter Group: 0 shares voted (abstained due to interest)
  • Public Institutions: 5,279,295 shares voted (90.46% in favor, 9.54% against)
  • Public Non-Institutions: 279,012 shares voted (99.99% in favor, 0.01% against)

Scrutinizer Process

The remote e-voting was conducted through MUFG Intime India Pvt. Ltd. (formerly Link Intime India Pvt. Ltd.) from 16th October 2026 at 9:00 A.M. to 18th October 2026 at 5:00 P.M. The e-voting during the EGM was conducted on 19th October 2026. The scrutinizer unlocked the e-voting results at 5:03 p.m. on 19th October 2026 in the presence of two independent witnesses (Mrs. Mousami Kelkar and Mr. Aryan Sutar).

Documentation

The voting results and scrutinizer's report are available on the company's website (www.qualitypower.com) and the e-voting agency's website (www.in.mpms.mufg.com).