Meeting Details

  • Date: Friday, 25th September 2026
  • Type: 22nd Annual General Meeting (AGM)
  • Location: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) using the facility provided by National Securities Depository Limited (NSDL)
  • Scheduled Time: 11:00 A.M. (IST)
  • Actual Commencement: 11:20 A.M. (IST) due to an unforeseen technical issue
  • Conclusion Time: 12:00 P.M. (IST) (including time allowed for e-Voting at AGM)

Directors in Attendance

All ten directors attended the meeting via VC from various locations:

  • Mr. Raman Bhatia, Managing Director (Delhi)
  • Ms. Sarika Bhatia, Whole-time Director (Delhi)
  • Mr. Anupam Gupta, Independent Director (Delhi)
  • Mr. Sampat Rai, Independent Director, Chairman of Nomination and Remuneration Committee, and Chairperson of Risk Management Committee (Delhi)
  • Dr. Rajesh Mohan Rai, Non-Executive Director (Delhi)
  • Mr. Meenakshisundaram Kolandaivel, Independent Director, Chairman of Audit Committee and Stakeholders Relationship Committee (Chennai)
  • Mr. Girish Kumar Ahuja, Independent Director (Delhi)
  • Ms. Yogita Patra, Independent Director (Noida)
  • Mr. Prabhat Kumar, Independent Director (Noida)
  • Mr. Mrityunjay Kumar Jha, Whole-time Director (Delhi)

Other Representatives

  • Mr. Rohit Jain, Partner KC Jain & Co., Chartered Accountants, Statutory Auditors (Delhi)
  • Mr. Debabrata Deb Nath, Partner M/s. R&D Company Secretaries (Delhi)
  • Mr. Vipin Kaushik, Chief Financial Officer (Delhi)
  • Ms. Rupinder Kaur, Company Secretary (Delhi)

Summary of Proposed Resolutions

The following 11 resolutions were transacted at the meeting:

Ordinary Business

1. To receive, consider and adopt:

a) The Audited Standalone Financial Statements for the year ended 31st March 2026 with Reports of Board of Directors and Auditors

b) The Audited Consolidated Financial Statements for the year ended 31st March 2026 with Reports of Auditors

(Ordinary Resolution)

2. To appoint Mr. Rajesh Mohan Rai (DIN: 09050751) who retires by rotation and offers himself for re-appointment (Ordinary Resolution)

3. To declare Final Dividend of ₹0.02 (Two Paise) per Equity Share of face value ₹1/- for financial year 2025-26 (Ordinary Resolution)

Special Business

4. Re-appointment of Mr. Raman Bhatia (DIN: 00153827) as Managing Director and approval of his remuneration (Special Resolution)

5. Appointment of Mr. Mrityunjay Kumar Jha (DIN: 11841840) as Whole-time director, designated as executive director (administration) (Special Resolution)

6. Creation of Mortgage and/or Charge Under Section 180(1)(a) (Special Resolution)

7. Approval of overall borrowing limits under section 180(1)(c) of the companies act, 2013 up to ₹800 crores (Special Resolution)

8. Ratification of remuneration of cost auditors for the financial year 2026-27 (Ordinary Resolution)

9. Consideration and approval of material related party transactions with Rhine Solar Limited under regulation 23 of SEBI(LODR) regulation, 2015 (Ordinary Resolution)

Voting Process and Methods

The voting was conducted through:

  • Remote e-Voting: Available from Monday, 21st September 2026 at 09:00 A.M. (IST) to Thursday, 24th September 2026 at 05:00 P.M. (IST) through NSDL platform
  • e-Voting during AGM: Members who participated through VC/OAVM and hadn't voted remotely could vote electronically during the AGM, with the facility remaining open for 15 minutes after the meeting concluded
  • Proxy Voting: Not available as per MCA circular of 8th April 2020

Scrutinizer Appointment

Mr. Debabrata Deb Nath, Partner of M/s R&D Company Secretaries, Practising Company Secretary (Membership No. 7775 and Certificate of Practice No. 8612) was appointed as Scrutinizer to scrutinize the remote e-voting process and e-voting conducted during the AGM.

Voting Results Disclosure

The document states that the detailed voting results, including total votes cast, percentage in favor and against, and participation breakdown by shareholder category, will be filed separately with the National Stock Exchange of India Limited in the format prescribed under Regulation 44 of the Listing Regulations.

Compliance Confirmation

The meeting was conducted in compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Amendment Rules, 2015
  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • MCA circulars regarding video conferencing facilities

Additional Information

  • The notice convening the AGM, Audited Financial Statements, and Director's Reports were emailed to all shareholders and taken as read
  • There were no qualifications, observations or comments having any adverse effect on the functioning of the Company in the reports of the Statutory Auditors and Secretarial Auditor
  • A Q&A session was conducted with Speaker Shareholders who had registered within the prescribed timeline
  • The company's CIN is L31200HR2004PLC136025
  • Corporate Office: 806, 8th Floor, Crown Heights, Hotel Crowne Plaza, Rohini Sector-10, New Delhi-110085