The Board considered and approved the following matters:
1. Fundraising
- Approved raising equity capital up to ₹100 Crores through permissible modes.
- Securities to be issued include Equity Shares and/or other eligible securities in one or more tranches.
- Permissible modes include further public issue, rights issue, qualified institutions placement (QIP), private placement, ADRs, or any combination thereof, in accordance with SEBI ICDR Regulations.
- This is subject to approval of shareholders in the ensuing Annual General Meeting.
2. Memorandum of Association Alteration
- Approved alteration in the object clause of the Memorandum of Association to expand the company's business.
- Added new object to undertake, develop, establish, construct, acquire, lease, own, operate, maintain and manage wind energy, solar energy, wind-solar hybrid and other renewable energy generation projects.
- Includes projects along highways, expressways and other suitable locations through various arrangements including Government, public-private partnership, commercial or private projects.
- Covers generation, production, storage, transmission, distribution, supply and sale of electricity from renewable sources.
- Allows entering into power purchase agreements, concessions, development agreements, EPC contracts, joint ventures, and partnerships.
3. Statutory Auditor Appointment
- Appointed M/s. TRAK and Associates (FRN: 017290S) as Statutory Auditors of the Company.
- Term: From conclusion of 16th Annual General Meeting till conclusion of 20th Annual General Meeting in 2030.
- Subject to approval of members at the ensuing Annual General Meeting.
- TRAK & Associates is a firm of Chartered Accountants registered with ICAI with offices in Hyderabad, Chennai, and Kadapa.
4. Director Appointments
- Appointed Ms. Sheeza Abbas (DIN: 11888437) as Additional Director designated as Non-Executive Independent Director.
- Qualification: Bachelor of Arts
- Experience: Management-oriented professional with experience across real estate, wealth management, financial services, client communication, editorial operations, and hospitality.
- Expertise in managing client relationships, coordinating sales processes, and maintaining opportunity pipelines.
- Term: Till ensuing General Meeting, subject to shareholder approval.
- Not related to any existing director of the company.
- Appointed Mr. Ramakrishna Avadhanam (DIN: 11888440) as Additional Director designated as Whole Time Director.
- Qualification: Master's Degree
- Experience: Media and entertainment management professional with over two decades of experience across television, radio, audio, OTT and film.
- Term: For 5 years with effect from August 18, 2026, subject to shareholder approval.
- Not debarred from holding office as director by virtue of any SEBI order.
5. Director Cessations
- Noted expiry of term of Mr. Bhambal Ram Meena (DIN: 01595009), Non-Executive Non-Independent Director.
- Decided not to continue/re-appoint him as Director.
- Ceases to hold office effective August 25, 2026.
- Noted expiry of term of Ms. Sripati Susheela (DIN: 08941193), Non-Executive Independent Director.
- Decided not to continue/re-appoint her as Director.
- Ceases to hold office effective August 25, 2026.
6. Other Approvals
- Approved the draft Board Report along with annexures for FY 2025-26 pursuant to Section 134 of Companies Act, 2013.
- Approved the Management Discussion and Analysis Report along with annexures for FY 2025-26.
- Approved draft notice of Annual General Meeting and appointment of Scrutinizer.
- Approved reconstitution of the Committees of the Board.
The disclosure includes annexures A through G providing detailed information as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.