Meeting Details
The 34th Annual General Meeting was held on Tuesday, 22nd September 2026 through Video Conferencing/Other Audio-Visual Means. The meeting commenced at 11:00 A.M. (IST) and concluded at 11:52 A.M. (IST).
Compliance Framework
The meeting was held in compliance with General Circulars issued by the Ministry of Corporate Affairs (MCA) and circulars issued by SEBI, following applicable provisions of the Companies Act, 2013 and rules made thereunder.
Attendees
The following individuals were present at the meeting:
- Dr. Gajanand Gupta, Chairman
- Mr. Mohan Jagdish Agarwal, Managing Director (DIN: 07627568)
- Mr. Yogesh Kumar Goyal, Whole-Time Director
- Dr. Mukul Jain, Independent Director
- Dr. Gopalsetty Prasad Rao, Independent Director
- Dr. Mita Sinha, Independent Director
- Dr. Anuradha Tomar, Additional Independent Director
- Mr. Anil Babu Sharma, Finance Head
- Mr. Varun Garg, Internal Auditor (representative)
- Mr. K.O. Siddiqui, Secretarial Auditor & Scrutinizer (representative)
- Ms. Mamta, Statutory Auditor (representative of M/s Uttam Abuwala Ghosh & Associates)
Business Update
Dr. Gajanand Gupta, Chairman, briefed members on the company's vision, mission, business progress and future prospects in renewable energy, solar solutions, energy storage and electric mobility. He highlighted the company's 6P-6E framework, social initiatives, expansion plans and commitment to innovation, sustainable growth and long-term value creation.
Auditor Qualifications
In compliance with Secretarial Standard-2 (SS-2), the qualifications contained in the Auditor's Reports were read out at the meeting by Ms. Mamta, representative of M/s Uttam Abuwala Ghosh & Associates, Statutory Auditors.
Proposed Resolutions
The following nine resolutions were put for member approval through e-voting:
Ordinary Business:
1. To consider and adopt: (a) Audited Standalone Financial Statements for FY ended 31st March 2026 with reports of Board of Directors and Auditors; (b) Audited Consolidated Financial Statements for FY ended 31st March 2026 with reports of Board of Directors and Auditors (Ordinary Resolution)
2. To appoint Mr. Mohan Jagdish Agarwal (DIN: 07627568) as Managing Director, who retires by rotation and offers himself for re-appointment (Ordinary Resolution)
Special Business:
3. Appointment of Dr. Anuradha Tomar (DIN: 11778442) as Non-Executive Independent Director (Special Resolution)
4. Approval for continuation of Dr. Gopalsetty Prasad Rao (DIN: 07119450) as Non-Executive Independent Director upon attaining age of 75 years (Special Resolution)
5. Approval for UGL ESOP SCHEME - 2026 "Urja For All" (Special Resolution)
6. Approval for extension of grant of Employee Stock Options to employees of subsidiary companies (incorporated in India or outside India) under UGL ESOP SCHEME - 2026 "Urja For All" (Special Resolution)
7. Approval of re-appointment of Mr. Mohan Jagdish Agarwal as Managing Director (Special Resolution)
8. Approval of re-appointment of Mr. Yogesh Kumar Goyal as Whole-Time Director (Special Resolution)
9. Approval for fund raising (Special Resolution)
Voting Process
The company provided remote e-voting facility through National Securities Depository Limited (NSDL) platform. The cut-off date for membership was Tuesday, 15th September 2026. The remote e-voting period commenced on Saturday, 19th September 2026 (9:00 A.M IST) and ended on Monday, 21st September 2026 (5:00 P.M IST). Members who had not voted through remote e-voting could cast votes through e-voting facility during the AGM.
Scrutinizer Appointment
M/s. Siddiqui & Associates, Practicing Company Secretaries, were appointed as Scrutinizer to scrutinize both remote e-voting and e-voting conducted during the AGM and to submit a consolidated report on voting results for each resolution.
Voting Results Timeline
The results of remote e-voting and e-voting done at AGM were to be announced within two working days from conclusion of the AGM along with Scrutinizer's Report. These results would be submitted to stock exchanges and made available on the company's website and NSDL website.
Additional Proceedings
A "Questions & Answers" session was conducted where registered speaker shareholders raised queries and shared views, which were addressed by management. The e-voting facility remained open for 15 minutes after meeting closure to enable members to cast votes if not already done.