Meeting Details

The 27th AGM was held on Wednesday, September 23, 2026 from 11:00 AM to 11:55 AM IST through Video Conferencing (VC). The meeting notice was dated August 27, 2026, with record date set for September 16, 2026.

Proposed Resolutions and Implications

Eight resolutions were considered:

Ordinary Business:

1. Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026

2. Re-appointment of Mr. Sunil Rathi as Director (retiring by rotation)

3. Re-appointment of Statutory Auditor

Special Business:

4. Approval of conversion of loan into equity (Special Resolution)

5. Approval of Material Related Party Transaction with Waaree Energies Limited

6. Approval of Material Related Party Transaction with Waaneep Solar One Private Limited

7. Approval of Material Related Party Transaction with Lumina Greentech Private Limited

Voting Process and Methods

Voting was conducted through remote e-voting via CDSL's platform (https://www.evotingindia.com) from September 20, 2026 (9:00 AM) to September 22, 2026 (5:00 PM). No physical polling or postal ballot was conducted. The e-voting system was locked after closing time and unblocked after the AGM conclusion for counting.

Key Voting Outcomes

Overall Participation:

  • Total shareholders on record date: 309,048
  • Total paid-up capital: ₹20,87,58,434 divided into 10,43,79,217 equity shares of ₹2 each
  • Total votes cast: 8,08,00,128 shares (77.41% of outstanding shares)
  • 56 public shareholders attended via video conferencing

Resolution-wise Results:

Resolution 1 (Financial Statements):

  • Votes in favor: 8,07,94,060 (99.99%)
  • Votes against: 6,068 (0.01%)
  • 302 members voted

Resolution 2 (Director Re-appointment):

  • Votes in favor: 8,07,53,891 (99.94%)
  • Votes against: 46,237 (0.06%)
  • 307 members voted

Resolution 3 (Auditor Re-appointment):

  • Votes in favor: 8,07,99,935 (100%)
  • Votes against: 193 (0.00%)
  • 302 members voted

Resolution 4 (Loan Conversion):

  • Votes in favor: 8,07,01,081 (99.88%)
  • Votes against: 99,047 (0.12%)
  • 274 members voted

Resolution 5 (RPT with Waaree Energies):

  • Votes in favor: 20,69,773 (96.33%)
  • Votes against: 78,950 (3.67%)
  • 298 members voted
  • Invalid votes: 11,00,960 from 2 members

Resolution 6 (RPT with Waaneep Solar):

  • Votes in favor: 20,69,734 (96.32%)
  • Votes against: 78,984 (3.68%)
  • 297 members voted
  • Invalid votes: 11,00,960 from 2 members

Resolution 7 (RPT with Lumina Greentech):

  • Votes in favor: 20,69,722 (96.32%)
  • Votes against: 78,984 (3.68%)
  • 297 members voted
  • Invalid votes: 11,00,960 from 2 members

Category-wise Breakdown:

Promoter & Promoter Group (77,550,245 shares): 100% participation with 100% favor on all resolutions where they were eligible to vote.

Public Institutions (2,171,783 shares): 86.16% participation with varying approval rates (95.35-100% favor).

Public Non-Institutions (24,657,189 shares): Low participation (1.13-5.59%) with high approval rates (97.04-99.99% favor).

Scrutinizer's Role and Findings

Shruti Somani (Practicing Company Secretary, CP No. 22487, ACS No. 49773) was appointed scrutinizer by the Board on August 27, 2026. Her report dated September 24, 2026 confirmed:

  • All resolutions passed with requisite majority
  • Voting process complied with Companies Act, 2013 and SEBI LODR Regulations
  • No invalid votes in ordinary business resolutions (1-4)
  • 11,00,960 invalid votes from 2 members in related-party transaction resolutions (5-8)
  • Electronic voting system operated properly without issues

Compliance Confirmation

The company confirmed compliance with:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies (Management and Administration) Rules, 2014
  • MCA general circulars

Additional Information

The voting results and scrutinizer's report are available on the company's website (www.waareertl.com) and CDSL website. The annual report was dispatched through Purva Sharegistry (India) Private Limited and advertisements were published in Financial Express (English) and Mumbai Lakshdeep (Marathi) newspapers on September 1, 2026.