Meeting Details

  • Meeting Type: 46th Annual General Meeting
  • Date: Monday, September 28, 2026
  • Time: 12:00 PM to 12:43 PM (43 minutes duration)
  • Location: Conducted through Video Conferencing ('VC')/Other Audio-Visual Means ('OAVM')
  • Cut-Off Date: Monday, September 21, 2026 (for shareholder voting eligibility)

Attendees

Board Members Present:

  • Dr. Vidya Murkumbi - Whole-Time Director & Chairperson
  • Mr. Narendra Murkumbi - Non-Executive Director & Vice Chairman
  • Mr. Shantanu Lath - Whole-Time Director & Chief Executive Officer
  • Mr. Sidram Kaluti - Non-Executive Director
  • Mr. Ramesh Abhishek - Independent Director
  • Mr. Vinay Namjoshi - Independent Director
  • Mrs. Poonam Lahoty - Independent Director
  • Mr. Apurva Chandra - Independent Director

Committee Chairpersons:

  • Mr. Ramesh Abhishek - Audit Committee and Nomination and Remuneration Committee
  • Mr. Vinay Namjoshi - Stakeholders' Relationship Committee

Key Managerial Personnel:

  • Mr. Madhukar Shipurkar - Company Secretary & Compliance Officer
  • Mr. Vikas Pawar - Chief Financial Officer

Auditors:

  • Mr. P Ishwar Bhat - M/s. P. Ishwara Bhat & Co., Statutory Auditors
  • Mr. Sanjay Dholakia - M/s. Sanjay Dholakia & Associates, Secretarial Auditor & scrutinizer
  • Mr. Shrinivas Deshpande - M/s. P. G. Bhagwat LLP, Internal Auditor

Scrutinizer: Mr. Sanjay Dholakia of M/s. Sanjay Dholakia & Associates was appointed to scrutinize both the Remote e-Voting process before the AGM and the e-Voting process during the AGM.

Shareholder Participation: Seventy-Two (72) Members were present through Video Conferencing/OAVM, including bodies corporate through their representatives.

Voting Process and Methods

The company provided multiple voting mechanisms in compliance with regulatory requirements:

  • Remote e-Voting: Available from Wednesday, September 23, 2026 at 09:00 AM to Sunday, September 27, 2026 at 05:00 PM through KFin Technologies Limited
  • Electronic Voting during AGM: The voting window was opened during the meeting and kept open for 15 minutes after the meeting concluded
  • Physical Attendance: Dispensed with due to VC/OAVM format
  • Proxy Appointment: Not available for this meeting

The company complied with Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 and Regulation 44 of SEBI (LODR) Regulations, 2015.

Proposed Resolutions and Business Transacted

The following nine resolutions were put to vote:

1. Ordinary Resolution: Adoption of Audited Financial Statements for the year ended March 31, 2026

2. Ordinary Resolution: Appointment of director in place of retiring director Dr. Vidya Murkumbi (DIN: 00007588)

3. Ordinary Resolution: Ratification of remuneration of the Cost Auditors for the financial year ending March 31, 2027

4. Special Resolution: Approval of Ravindra Energy Employee Stock Option Scheme 2026 (REL ESOP Scheme 2026)

5. Special Resolution: Approval of grant of Employee Stock Options under REL ESOP Scheme 2026 to employees of Group Companies

6. Special Resolution: Re-appointment of Mr. Shantanu Lath (DIN: 07876175) as Whole-Time Director designated as Chief Executive Officer

7. Special Resolution: Revision in limits of remuneration payable to Dr. Vidya Murkumbi (DIN:00007588), Whole-Time Director & Chairperson

8. Special Resolution: Approval for amendment to the Articles of Association of the Company

9. Special Resolution: To shift the registered office from Karnataka to Maharashtra and consequent alteration of the Memorandum of Association

Business Updates and Strategic Developments

Renewable Energy Business:

  • Commissioned 260 MWp operational capacity (compared to 160 MWp previous year)
  • Target to reach 500 MWp capacity by March 2027
  • Approximately 230 MWp projects under construction and development focused on feeder level solarization and open access projects

Electric Vehicle Business (through Energy In Motion Limited - EIM):

  • Commissioned 8 battery swapping stations
  • Targeting 40 battery swap stations by March 2027
  • Assembly plant in Pune to start production from October 2026 (within 3-4 weeks from meeting date)

Merger Proposal:

  • Board approved Scheme of Amalgamation for merger of Energy In Motion Limited (EIM) with and into Ravindra Energy Limited
  • Subject to requisite statutory and regulatory approvals
  • Expected to create integrated platform spanning clean energy and electric mobility

Shareholder Communication and Participation

  • Notice and Annual Report circulated via email to shareholders with registered email addresses
  • Weblink provided to shareholders without registered email per Regulation 36(1)(b) of SEBI Listing Regulations
  • Documents available on company website, stock exchange websites, and KFin Technologies Limited website
  • Nine shareholders registered as speakers, one shareholder raised queries during meeting
  • Queries addressed by Mr. Shantanu Lath, Whole-Time Director & CEO

Compliance and Reporting

  • Statutory Auditors' Report and Secretarial Audit Report for year ended March 31, 2026 contained no qualifications, reservations or adverse remarks
  • Scrutinizer to submit report on voting within prescribed time
  • Results to be placed on websites of Company, KFin Technologies Limited, and communicated to BSE and NSE
  • Meeting conducted in accordance with Companies Act, Rules, and Circulars issued by MCA and SEBI