Meeting Details

The 34th Annual General Meeting was held on Tuesday, 22nd September 2026 at 11:00 A.M. (IST) through Video Conferencing/Other Audio Visual Means. The deemed venue was the Registered Office at 487/63, 1st Floor, National Market, Peera Garhi, Paschim Vihar, New Delhi, Delhi 110087.

Scrutinizer Appointment

K. O. Siddiqui (FCS 2229), Company Secretary & Sole proprietor of M/s. Siddiqui & Associates, was appointed as Scrutinizer by the Board of Directors under Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management & Administration) Rules 2014.

Voting Process Details

  • Cut-off date for determining voting rights: Tuesday, 15th September 2026
  • Remote e-voting period: Saturday, 19th September 2026 (9:00 a.m. IST) to Monday, 21st September 2026 (5:00 p.m. IST)
  • E-voting agency: National Securities Depository Limited (NSDL)
  • Total equity shares outstanding: 557,206,000
  • Total votes polled across all resolutions: approximately 96.2-96.3 million shares (17.27% of outstanding shares)
  • Votes unblocked on 22nd September 2026 after AGM conclusion, witnessed by Mr. Vivek Saxena and Mr. Manoj Prasad

Voting Results Summary

All nine resolutions put to vote were approved with requisite majority:

Resolution 1: Ordinary Resolution

  • Purpose: Adoption of audited standalone & consolidated Financial Statements, Directors' Report and Auditors' Report for FY 2025-2026
  • Result: Passed with 99.90% votes in favor
  • Promoter voting: 77,744,791 shares (100% in favor)
  • Public institutions: 66.49% participation, 4.98% in favor, 95.02% against
  • Public non-institutions: 3.84% participation, 99.92% in favor

Resolution 2: Ordinary Resolution

  • Purpose: Re-appointment of Mr. Mohan Jagdish Agarwal (DIN: 07627568) as Managing Director
  • Result: Passed with 99.91% votes in favor
  • Promoter voting: 77,744,791 shares (100% in favor)
  • Public institutions: 66.49% participation, 100% in favor
  • Public non-institutions: 3.84% participation, 99.58% in favor

Resolution 3: Special Resolution

  • Purpose: Appointment of Dr. Anuradha Tomar (DIN: 11778442) as Non-Executive Independent Director
  • Result: Passed with 99.91% votes in favor
  • Promoter voting: 77,744,791 shares (100% in favor)
  • Public institutions: 66.49% participation, 100% in favor
  • Public non-institutions: 3.84% participation, 99.57% in favor

Resolution 4: Special Resolution

  • Purpose: Continuation of Dr. Gopalsetty Prasad Rao (DIN: 07119450) as Non-Executive Independent Director upon attaining 75 years
  • Result: Passed with 99.83% votes in favor
  • Promoter voting: 77,744,791 shares (100% in favor)
  • Public institutions: 66.49% participation, 4.98% in favor, 95.02% against
  • Public non-institutions: 3.84% participation, 99.57% in favor

Resolution 5: Special Resolution

  • Purpose: Approval of UGL ESOP Scheme - 2026 "Urja For All"
  • Result: Passed with 99.83% votes in favor
  • Promoter voting: 77,744,791 shares (100% in favor)
  • Public institutions: 66.49% participation, 4.98% in favor, 95.02% against
  • Public non-institutions: 3.84% participation, 99.57% in favor

Resolution 6: Special Resolution

  • Purpose: Extension of ESOP grant to employees of subsidiary companies (India and overseas)
  • Result: Passed with 99.83% votes in favor
  • Promoter voting: 77,744,791 shares (100% in favor)
  • Public institutions: 66.49% participation, 4.98% in favor, 95.02% against
  • Public non-institutions: 3.84% participation, 99.53% in favor

Resolution 7: Special Resolution

  • Purpose: Re-appointment of Mr. Mohan Jagdish Agarwal as Managing Director
  • Result: Passed with 99.92% votes in favor
  • Promoter voting: 77,744,791 shares (100% in favor)
  • Public institutions: 66.49% participation, 100% in favor
  • Public non-institutions: 3.84% participation, 99.58% in favor

Resolution 8: Special Resolution

  • Purpose: Re-appointment of Mr. Yogesh Kumar Goyal as Whole-Time Director
  • Result: Passed with 99.92% votes in favor
  • Promoter voting: 77,744,791 shares (100% in favor)
  • Public institutions: 66.49% participation, 100% in favor
  • Public non-institutions: 3.84% participation, 99.58% in favor

Resolution 9: Special Resolution

  • Purpose: Approval for fund raising
  • Result: Passed with 99.89% votes in favor
  • Promoter voting: 77,744,791 shares (100% in favor)
  • Public institutions: 66.49% participation, 4.98% in favor, 95.02% against
  • Public non-institutions: 3.84% participation, 99.85% in favor

Shareholding Pattern Analysis

  • Promoters & Promoters Group: 77,744,791 shares (13.95% of total)
  • Public Institutions: 125,091 shares (0.02% of total)
  • Public Non-Institutions: 479,336,118 shares (86.03% of total)

Notable Voting Patterns

Public institutions showed significant opposition (95.02% against) to resolutions 4, 5, 6, and 9 (independent director continuation, ESOP scheme, extension to subsidiaries, and fund raising). However, their voting power was insufficient to block these resolutions due to strong support from promoters and non-institutional public shareholders.

Document Preparation

The scrutinizer's report was prepared by Siddiqui & Associates, Company Secretaries, and digitally signed by Mohan Jagdish Agarwal, Managing Director (DIN: 07627568) on 23rd September 2026.