Meeting Details

The 9th Annual General Meeting of Sterling and Wilson Renewable Energy Limited was held on Thursday, July 02, 2026 at 12:00 noon IST through Video Conference (VC)/Other Audio Visual Means (OAVM). The meeting was convened in accordance with circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI, and in compliance with the Companies Act, 2013 and SEBI Listing Regulations.

Attendance

Chairperson: Mr. Khurshed Yazdi Daruvala, Non-Executive Chairman of the Company & Chairperson of the Stakeholders Relationship Committee, Corporate Social Responsibility Committee and Risk Management Committee

Directors Present:

  • Ms. Rukhshana Mistry: Independent Director & Chairperson of Audit Committee & Nomination and Remuneration Committee
  • Mr. Umesh Khanna: Non-Executive Director
  • Mr. Balanadu Narayan: Non-Executive Director
  • Mr. Cherag Balsara: Independent Director
  • Mr. Rahul Dutt: Independent Director
  • Mr. Chandra Kishore Thakur: Manager and Global CEO of Sterling and Wilson Renewable Energy Group

Officers Present:

  • Mr. Ajit Pratap Singh: Chief Financial Officer
  • Mr. Jagannadha Rao Ch. V.: Company Secretary & Compliance Officer

Absent Directors:

  • Mr. Saurabh Agarwal, Non-Executive Director
  • Ms. Naina Krishna Murthy, Independent Director

Other Attendees:

  • Representatives of M/s. Kalyaniwalla & Mistry LLP (Statutory Auditors)
  • Representatives of M/s. Deloitte Haskins & Sells LLP (Statutory Auditors)
  • Representatives of M/s. Manish Ghia & Associates (Secretarial Auditors)
  • Scrutinizers for the AGM

Proceedings Summary

The meeting commenced at 12:00 noon IST with Mr. Khurshed Yazdi Daruvala chairing the session after confirming requisite quorum was present.

Key Procedural Announcements:

  • No proxy facility was available for this meeting
  • Statutory registers and certificate from Secretarial Auditors stating compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 were available for electronic inspection
  • Notice of the meeting was sent to members electronically and was taken as read
  • No qualifications, observations or adverse comments were noted in the Report of the Statutory Auditors
  • Comments/observations made by the Secretarial Auditors along with Management Response were read out at the meeting
  • Remote e-voting facility was provided to members through NSDL platform
  • Mr. Mannish Ghia of M/s. Manish Ghia & Associates was appointed as Scrutinizer for remote e-voting and to supervise the e-voting process at the AGM

Agenda Items and Resolutions

The following business items were presented for consideration:

1. Ordinary Resolution: To consider and adopt:

  • The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, and the report of the Board and the Auditors thereon
  • The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, and the report of the Auditors thereon

2. Ordinary Resolution: To approve appointment of Mr. Khurshed Yazdi Daruvala (DIN: 00216905) as a Non-Executive Director of the Company, who retires by rotation as a Director at this Annual General Meeting

3. Ordinary Resolution: To approve appointment of Branch Auditors

4. Ordinary Resolution: To approve Material Related Party Transaction(s) with Shapoorji Pallonji and Company Private Limited

5. Special Resolution: To approve the waiver of recovery of excess remuneration paid to Mr. Chandra Kishore Thakur, Manager of the Company, during the financial year 2025-26

Member Interaction

Registered members who had sent requests from their registered email IDs were invited to express views and ask questions. The Chairman and Company officers replied to queries raised by shareholders during the AGM.

Meeting Conclusion

The meeting concluded at 1:00 p.m. IST. The e-voting facility remained open for an additional 15 minutes for members who had not cast their votes through remote e-voting. The Company Secretary was authorized to receive voting results and intimate the same to stock exchanges.

Additional Information

The details regarding voting results of the business transacted at the AGM in the prescribed format, along with the Consolidated report of the Scrutinizer, will be intimated separately. The summary of proceedings is also available on the company website at www.sterlingandwilsonre.com.