Meeting Details

The 18th AGM will be held on Friday, September 11, 2026, at 11:30 A.M. (IST) through Video Conference (VC)/Other Audio-Visual Means (OAVM). The deemed venue is the registered office at B-2 & B-3, B Wing, 3rd Floor, Ashar IT Park, Road No. 16-Z, Wagle Industrial Estate, Thane, Maharashtra, India, 400604.

Remote E-Voting Schedule

  • Cut-off date for remote e-voting: Friday, September 4, 2026
  • Remote e-voting commencement: Monday, September 7, 2026, at 09:00 A.M. (IST)
  • Remote e-voting end: Thursday, September 10, 2026, at 05:00 P.M. (IST)
  • E-voting platform: www.evoting.nsdl.com

Dividend Declaration

  • Record date for final dividend: Friday, August 28, 2026
  • Proposed final dividend: ₹0.18 per equity share of face value ₹1 each for FY 2025-26
  • Dividend payment: On or after September 14, 2026, subject to approval

Ordinary Business Agenda

1. Adoption of Financial Statements: To consider and adopt audited financial statements and consolidated financial statements for FY ended March 31, 2026, along with reports of Board of Directors and Auditors.

2. Director Appointment: To appoint Mr. Nakul Markhedkar (DIN: 07028044), who retires by rotation, as a Director of the Company.

3. Dividend Declaration: To declare final dividend of ₹0.18 per equity share for FY 2025-26.

Special Business Agenda

4. MoA Amendment: Special Resolution to amend Object Clause of Memorandum of Association to include new business objects:

  • To build, establish, maintain, operate, lease or transfer projects comprising substations, transmission lines, distribution networks, renewable energy, data centers, telecom infrastructure, smart metering and water infrastructure in and outside India under various schemes including BOT, BOLT, BOOT and HAM.
  • To carry on business of generating, distributing, supplying, transmitting, purchasing, selling and dealing in conventional and non-conventional energy resources.

5. AoA Amendment: Special Resolution to alter Articles of Association to include Nominee Director clause as required under SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021.

6. Borrowing Limits - Section 180(1)(a): Special Resolution to enhance borrowing limits:

  • Supersedes earlier resolution dated April 30, 2025
  • Fund Based facilities: Enhanced from ₹1,000 crore to ₹1,500 crore
  • Non-Fund Based facilities: Unchanged at ₹2,000 crore
  • Total aggregate indebtedness secured: Not to exceed ₹3,500 crore

7. Borrowing Limits - Section 180(1)(c): Special Resolution for borrowing monies:

  • Fund Based facilities: Up to ₹1,500 crore (enhanced from ₹1,000 crore)
  • Non-Fund Based facilities: Up to ₹2,000 crore (unchanged)
  • Includes various instruments: loans, bonds, financial facilities, debentures (listed/unlisted, secured/unsecured), commercial papers, etc.

8. Section 186 Limits: Special Resolution for loans, guarantees, securities and investments:

  • Aggregate limit: ₹1,500 crore (Fund based) over and above statutory limits
  • Supersedes all earlier resolutions

9. Cost Auditor Remuneration: Ordinary Resolution to ratify remuneration of M/s. R.R, Ahirwar & Associates, Cost Accountants for FY 2026-27 at ₹4,00,000 per annum plus applicable taxes.

10. Related Party Remuneration - Mrs. Kanchan Markhedkar: Ordinary Resolution for payment of remuneration to Mrs. Kanchan Markhedkar, KMP and CHRO (related party):

  • Maximum remuneration: ₹3,67,73,205 per annum for FY 2026-27
  • Represents approximately 0.29% of company's annual consolidated turnover
  • Relationship: Wife of Chairman & MD, Mother of Whole-Time Director and KMP

11. Related Party Remuneration - Mr. Vipul Markhedkar: Ordinary Resolution for payment of remuneration to Mr. Vipul Markhedkar, KMP and CBO (related party):

  • Maximum remuneration: ₹2,19,83,280 per annum for FY 2026-27
  • Represents approximately 0.18% of company's annual consolidated turnover
  • Relationship: Son of Chairman & MD and KMP, Brother of Whole-Time Director

12. NCD Issuance: Special Resolution to issue Senior, Secured/Unsecured, Rated, Listed/Unlisted, Taxable, Redeemable Non-Convertible Debentures/Market Linked Debentures:

  • Aggregate amount: Up to ₹1,000 crore
  • Through private placement and/or public issue basis
  • One or more tranches/series
  • Purpose: Long-term funding requirements, business operations, growth plans
  • Authorization valid for one year from date of special resolution

Additional Information

  • The company is sending notice and annual report electronically to members with registered email IDs
  • Physical copies are being sent to members without registered email addresses
  • Scrutinizer appointed: Ms. Geeta Canabar, M/s. Geeta Canabar & Associates
  • Results will be declared post-AGM and placed on company website and stock exchange websites

Financial Impact

  • Dividend payout: ₹0.18 per share (amount not quantified in disclosure)
  • Borrowing limits enhancement: Additional ₹500 crore for Fund Based facilities
  • NCD issuance: Up to ₹1,000 crore
  • Related party remuneration: ₹3,67,73,205 and ₹2,19,83,280 per annum respectively