Regulation 44 SEBI LODR Compliance Disclosure

Meeting Details

Type of Meeting: Annual General Meeting (AGM)

Date of Meeting: 29th September, 2026

Meeting Time: 03:00 PM to 03:56 PM

Record Date: 22nd September, 2026

Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)

Shareholder Participation

Total Shareholders on Record Date: 356,459

Physical Attendance:

  • Promoters and Promoter Group: 0
  • Public: 0

Video Conference Attendance:

  • Promoters and Promoter Group: 1
  • Public: 105

Voting Process and Methods

The voting was conducted through two methods:

1. Remote E-voting: Available from Friday, 25th September, 2026 at 09:00 AM IST to Monday, 28th September, 2026 at 05:00 PM IST through CDSL platform

2. E-voting during AGM: Available during the meeting and 15 minutes after conclusion for shareholders who hadn't voted remotely

Resolution Details and Voting Outcomes

Resolution 1: Ordinary Resolution

Description: To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) for FY ended 31st March, 2026 with Reports of Board of Directors, Statutory Auditors, and Comments of Comptroller & Auditor General of India

Voting Results:

  • Total Votes Cast: 780,964,700 shares (83.238% of outstanding shares)
  • In Favor: 780,795,524 votes (99.9783% of votes polled)
  • Against: 169,176 votes (0.0217% of votes polled)
  • Result: Passed

Resolution 2: Ordinary Resolution

Description: To declare dividend on Equity Shares for Financial Year 2025-26

Voting Results:

  • Total Votes Cast: 782,977,021 shares (83.4525% of outstanding shares)
  • In Favor: 782,970,349 votes (99.9991% of votes polled)
  • Against: 6,672 votes (0.0009% of votes polled)
  • Result: Passed

Resolution 3: Ordinary Resolution

Description: To re-appoint Dr. T. Natarajan, IAS (DIN: 00396367) who retires by rotation

Voting Results:

  • Total Votes Cast: 782,976,829 shares (83.4525% of outstanding shares)
  • In Favor: 721,316,313 votes (92.1249% of votes polled)
  • Against: 61,660,516 votes (7.8751% of votes polled)
  • Result: Passed

Resolution 4: Ordinary Resolution

Description: To authorize Board of Directors to fix remuneration of Statutory Auditors for FY 2026-27 under Section 142 of Companies Act, 2013

Voting Results:

  • Total Votes Cast: 782,976,679 shares (83.4525% of outstanding shares)
  • In Favor: 730,290,546 votes (93.271% of votes polled)
  • Against: 52,686,133 votes (6.729% of votes polled)
  • Result: Passed

Resolution 5: Ordinary Resolution

Description: To ratify remuneration payable to M/s. Kailash Sankhlecha & Associates as Cost Auditors for FY 2026-27

Voting Results:

  • Total Votes Cast: 782,976,819 shares (83.4525% of outstanding shares)
  • In Favor: 782,960,278 votes (99.9979% of votes polled)
  • Against: 16,541 votes (0.0021% of votes polled)
  • Result: Passed

Category-wise Voting Breakdown

Detailed voting patterns across promoter, public institution, and public non-institution categories were provided for each resolution, showing near-unanimous approval from promoter groups and varying levels of support from public shareholders.

Scrutinizer Details

Name: Kiran Kumar Patel

Firm: M/s K. K. Patel & Associates

Qualification: CS

Membership Number: 6384

Appointment Date: 11th August, 2026

Report Issuance Date: 30th September, 2026

Scrutinizer's Findings and Conclusions

The scrutinizer verified that:

  • All ordinary and special business resolutions were passed with requisite majority
  • The remote e-voting and e-voting during AGM processes complied with Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014
  • The voting was conducted in accordance with MCA Circulars and SEBI regulations
  • No invalid votes were recorded across any shareholder category

Notes on Voting Results

1. Votes cast by Gujarat State Energy Generation Limited (GSEG) for 1,332,235 equity shares were not considered as it is a subsidiary company holding shares in its own name

2. Various instances of unutilized and partially unutilized votes were noted across resolutions, ranging from 192 to 2,012,321 shares not voted

Compliance Confirmation

The document confirms compliance with applicable laws and regulations including Companies Act, 2013 and SEBI LODR Regulations, 2015.