Annual General Meeting Details

  • Date: Monday, September 21, 2026
  • Time: 2:00 PM
  • Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Record Date: September 14, 2026 to September 20, 2026 (both days inclusive)

Agenda Items

Ordinary Business

1. Adoption of audited financial statements for FY ended March 31, 2026 and reports of Board of Directors and Auditors

2. Adoption of audited consolidated financial statements for FY ended March 31, 2026 and report of Auditors

3. Appointment of Ms. Geeta Gilotra (DIN: 06932697) who retires by rotation

Special Business

4. Re-appointment of Mr. Manoj Kumar Rastogi (DIN: 07585209) as Managing Director for five years from August 10, 2026 to August 09, 2031 (Special Resolution)

Financial Performance Summary (Standalone)

  • Total Income: ₹1,261 lakhs (FY 2024-25: ₹247 lakhs)
  • Finance Cost: ₹535 lakhs (FY 2024-25: ₹491 lakhs)
  • Profit Before Tax: ₹667 lakhs (FY 2024-25: Loss of ₹289 lakhs)
  • Profit After Tax: ₹383 lakhs (FY 2024-25: Loss of ₹274 lakhs)
  • Other Comprehensive Income: ₹81,469 lakhs (FY 2024-25: ₹683 lakhs)
  • Total Comprehensive Income: ₹81,852 lakhs (FY 2024-25: ₹409 lakhs)
  • EPS (Basic/Diluted): ₹3.74 (FY 2024-25: Loss of ₹2.67)

Financial Performance Summary (Consolidated)

  • Total Income: ₹1,261 lakhs (FY 2024-25: ₹247 lakhs)
  • Share of Profit in Joint Venture/Associates: Loss of ₹2,662 lakhs (FY 2024-25: Profit of ₹22,867 lakhs)
  • Loss Before Tax: ₹1,995 lakhs (FY 2024-25: Profit of ₹22,578 lakhs)
  • Loss After Tax: ₹2,279 lakhs (FY 2024-25: Profit of ₹22,594 lakhs)
  • Other Comprehensive Income: ₹83,200 lakhs (FY 2024-25: ₹1,565 lakhs)
  • Total Comprehensive Income: ₹80,922 lakhs (FY 2024-25: ₹24,160 lakhs)
  • EPS (Basic/Diluted): Loss of ₹22.21 (FY 2024-25: Profit of ₹220.25)

Dividend Declaration

No dividend recommended for Financial Year 2025-26.

Share Capital Structure

  • Equity Share Capital: ₹1,025.83 lakhs (1,02,58,326 equity shares of ₹10 each)
  • Preference Share Capital: ₹6,478.52 lakhs (6,64,00,000 preference shares of ₹10 each)
  • Total Paid-up Capital: ₹7,504.35 lakhs

Key Management Personnel

  • Managing Director: Mr. Manoj Kumar Rastogi
  • Chief Financial Officer: Mr. Awadhesh Kumar Jha
  • Company Secretary: Ms. Mukta Sharma (appointed w.e.f. May 28, 2025, replacing Ms. Preeti Singhal who resigned w.e.f. May 02, 2025)

Board of Directors

  • Mr. Manoj Kumar Rastogi (Managing Director)
  • Mr. Prakash Matai (Non-Executive Director)
  • Ms. Geeta Gilotra (Non-Executive Director)
  • Mr. Sunil Kumar Agarwal (Non-Executive Director)
  • Mr. Radhey Shyam (Non-Executive Independent Director)
  • Mr. Suresh Chander Sharma (Non-Executive Independent Director)

Auditors

  • Statutory Auditors: M/s Suresh Kumar Mittal & Co. (FRN: 500063N), appointed until conclusion of 24th AGM
  • Internal Auditors: M/s VASK & Associates (FRN: 038097N), reappointed for FY 2026-27
  • Secretarial Auditors: M/s Pragnya Pradhan & Associates, appointed for 5 years from FY 2025-26 to FY 2029-30

Corporate Governance

  • Compliance certificate issued by M/s Pragnya Pradhan & Associates
  • Whistle Blower Policy implemented
  • CSR Committee constituted but no spending required as company didn't meet criteria
  • All Independent Directors submitted declarations of independence

Key Financial Ratios (Standalone)

  • Current Ratio: 14.63 (FY 2024-25: 3.45)
  • Debt Equity Ratio: 0.07 (FY 2024-25: 0.39)
  • Operating Profit Margin: 96% (FY 2024-25: 84%)
  • Net Profit Margin: 30% (FY 2024-25: -111%)
  • Return on Net Worth: 0.32% (FY 2024-25: -0.68%)

Investments and Subsidiaries

  • No Subsidiary Companies
  • Associate Company: Jindal India Powertech Limited (20.11% holding)
  • Joint Venture: Mandakini Coal Company Limited (33.33% holding)
  • Total Investments: ₹1,17,554.67 lakhs (primarily in group companies)

Loans and Advances

  • Loan to Mandakini Coal Company Limited (Joint Venture): ₹558.68 lakhs
  • Interest waived on loan to MCCL for financial years 2015-16 to 2025-26
  • Corporate guarantee given to IFCI for MCCL loan: ₹5,132 lakhs paid and shown as recoverable

Voluntary Delisting Proposal

  • Received Initial Public Announcement dated June 29, 2026 under SEBI (Delisting of Equity Shares) Regulations, 2021 from Concatenate Power Advest Private Limited (Acquirer 1), Concatenate Advest Advisory Private Limited (Acquirer 2) and Jindal India Power Limited (PAC)
  • Board approved the proposal for voluntary delisting at meeting held on July 16, 2026
  • Postal ballot notice dated July 16, 2026 issued with e-voting open until August 18, 2026
  • Subject to shareholder approval and other statutory approvals

Contingent Liabilities

  • Income Tax demands under appeal: ₹441.79 lakhs
  • Other demands: ₹9.00 lakhs
  • Total contingent liabilities: ₹450.79 lakhs

Related Party Transactions

All transactions with related parties were at arm's length and in ordinary course of business. No material related party transactions exceeding 10% of annual consolidated turnover.

Shareholding Pattern (as on March 31, 2026)

  • Promoters: 74.20%
  • Public: 25.80%
  • Dematerialized Shares: 99.23% of total equity shares

E-Voting Details

  • Remote E-voting period: September 18, 2026 (9:00 AM) to September 20, 2026 (5:00 PM)
  • E-voting service provider: MUFG Intime India Private Limited
  • Cut-off date: September 14, 2026

Important Dates

  • Book Closure: September 14, 2026 to September 20, 2026
  • AGM Date: September 21, 2026
  • E-voting Period: September 18-20, 2026
  • Financial Year: April 2025 to March 2026

Head Office

Plot No. 12, Sector B-1, Local Shopping Complex, Vasant Kunj, New Delhi-110070

Registrar & Share Transfer Agent

MUFG Intime India Private Limited, Noble Heights, 1st Floor, Plot No. NH 2, LSC, C-1 Block, Near Savitri Market, Janakpuri, New Delhi-110058