Key Decisions and Approvals

The Board meeting, which commenced at 11:00 AM and concluded at 2:00 PM, approved the following matters:

  • Board's Report & Annexures: Approved and adopted the Board's Report for the Financial Year 2025-26, including the Management Discussion & Analysis (MDA) Report and the Corporate Governance Report.
  • Secretarial Audit Report: Considered and adopted the Secretarial Audit Report for FY 2025-26 issued by the Secretarial Auditor.
  • 41st Annual General Meeting (AGM): Decided to hold the 41st AGM for FY 2025-26 on Wednesday, September 30, 2026, at 11:00 A.M. The meeting will be conducted through Video Conferencing (VC)/Other Audio Visual Means.
  • E-Voting Cut-off Date: Fixed Wednesday, September 23, 2026, as the cut-off date to determine member eligibility for remote e-voting and voting at the AGM.
  • Final Dividend & Record Date: Fixed Wednesday, September 23, 2026, as the Record Date for determining member entitlement to a Final Dividend for FY 2025-26. The dividend is subject to approval by shareholders at the AGM.
  • Book Closure: Approved the closure of the Register of Members and Share Transfer Books from Thursday, September 24, 2026, to Wednesday, September 30, 2026 (both days inclusive) for the purpose of the AGM and payment of the Final Dividend.
  • Scrutinizer Appointment: Appointed Mr. Shilpesh Dalal, Practicing Company Secretaries, as the Scrutinizer to conduct the remote e-voting and voting at the AGM.
  • Secretarial Auditor Appointment: Recommended the appointment of M/s Shilpesh Dalal & Co. as the Secretarial Auditor of the Company for the ensuing year, subject to shareholder approval at the AGM.
  • Amendment to Memorandum of Association (MOA): Approved the addition of a new Point No. 1C in Clause III (Main Object Clause) of the MOA. The new object is "To generate, accumulate, transmit, distribute, purchase, supply or otherwise deal in electric power or any other energy from conventional/non-conventional energy sources..." including through solar and wind power. This amendment is subject to approval by shareholders at the AGM and subsequent registration with the Registrar of Companies (ROC).
  • Director Retirement: Noted that Mr. Saurabh Sangla, a Director, is retiring by rotation at the ensuing AGM and, being eligible, has offered himself for re-appointment.

Additional Filings

Separate intimations were filed regarding:

1. Book Closure: Officially informing the exchanges of the closure period (Sept 24-30, 2026) for the AGM and dividend, pursuant to Regulation 42.

2. Record Date for E-Voting: Fixing September 23, 2026, as the record date for determining eligibility to vote at the AGM, utilizing the e-voting services of Central Depository Services Limited (CDSL).

3. Record Date for Dividend: Fixing September 23, 2026, as the record date for the Final Dividend, pursuant to Regulation 42.

4. Notice of AGM: Informing the exchanges that the notice convening the 41st AGM has been dispatched.

Financial Impact

The financial impact of the proposed Final Dividend has not been quantified in the disclosure, as the amount is subject to declaration and approval by shareholders at the AGM.