The EGM commenced at 4:00 PM IST and concluded at 4:40 PM IST. Thirty-five members attended the meeting. The e-voting period commenced on Friday, 16th October 2026 (09:00 AM IST) and ended on Sunday, 18th October 2026 (05:00 PM IST). The e-voting platform was provided by MUFG Intime India Pvt. Ltd. (formerly Link Intime India Pvt. Ltd).
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)
- Mr Shailesh Kumar Mishra (Independent Director)
- Mr Sadayandi Ramesh (Independent Director)
- Ms Pournima Kulkarni (Independent Director)
Other Attendees
- Mr Deepak Suryanshi (Company Secretary & Compliance Officer)
- Mr Rajesh Jayaraman (Chief Financial Officer)
- Mrs Sarika Jadhav (Sr Vice President-Finance)
- Ms Rutuja Chandgude (Executive Assistant-MO)
- Mrs Mrudula Desai (Finance Controller)
- CS Abhay Gulavani (Secretarial Auditor/Scrutinizer)
- CA Shirish Kirloskar (Tax Auditor)
CS Abhay R Gulavani, Practicing Company Secretary, Sangli, was appointed as scrutinizer to scrutinize the remote e-voting process.
Resolutions Considered
1. Special Resolution: Issuance of equity shares to certain selling shareholders of Winwin Speciality Insulators Limited by way of preferential issue (for consideration other than cash/share swap)
2. Special Resolution: Approval of Raising of Capital Through Qualified Institutions Placement (QIP) of up to ₹700 crore. The proceeds are intended for:
- Funding the acquisition of Winwin Speciality Insulators Limited
- Working capital requirements
- Establishment of Global Design Centre at Sangli
- General corporate purposes
3. Ordinary Resolution: Approval of Related Party Transaction(s) between the Company and the Promoters and members of the Promoter Group of the Company. This includes an unsecured promoter bridge loan facility of up to ₹175 crore carrying interest at 9% per annum for 11 years, to facilitate the acquisition pending receipt of QIP proceeds.
The Chairman, Mr Thalavaidurai Pandyan, addressed shareholders regarding the proposed acquisition, QIP, and promoter financing arrangements. CFO Mr Rajesh Jayaraman elaborated on the strategic rationale for the Winwin acquisition, QIP utilization, and promoter loan terms.
The consolidated results of the voting will be declared within 48 hours of the conclusion of the EGM and displayed at the registered office of the Company at Plot No L-61, MIDC, Kupwad Block, Sangli 416436. The results will also be available on the company website (www.qualitypower.com), BSE website (www.bseindia.com), NSE website (www.nseindia.com), and the website of the Registrar and Share Transfer Agent.