Meeting Details

The 44th Annual General Meeting was held on Thursday, September 17, 2026 at 12:30 P.M. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM) without physical presence of members.

Proposed Resolutions and Implications

Ten ordinary resolutions were proposed for shareholder approval:

1. Resolution 01/AGM/2026-27: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statement as on March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon

2. Resolution 02/AGM/2026-27: To approve re-appointment of Mr. Ajay Agarwal (DIN 00200167) on the Board who retires by rotation

3. Resolution 03/AGM/2026-27: To approve Material Related Party Transactions with Shrikhande Consultants Limited

4. Resolution 04/AGM/2026-27: To approve Material Related Party Transactions with MSPL Unit 5 Limited

5. Resolution 05/AGM/2026-27: To approve Material Related Party Transactions with MSPL Unit 6 Limited

6. Resolution 06/AGM/2026-27: To approve Material Related Party Transactions with MSPL Unit 7 Limited

7. Resolution 07/AGM/2026-27: To approve Material Related Party Transactions with PlanetEye Infra AI Limited

8. Resolution 08/AGM/2026-27: To approve Material Related Party Transactions with PlanetEye Farm AI Limited

9. Resolution 09/AGM/2026-27: To approve Material Related Party Transactions between Krishna Windfarms Developers Private Limited with MINVEN Solar 02 Private Limited

10. Resolution 10/AGM/2026-27: To approve Material Related Party Transactions between Krishna Windfarms Developers Private Limited with MINVEN Solar 03 Private Limited

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting facilitated by NSDL from September 14, 2026 at 09:00 A.M. to September 16, 2026 at 05:00 P.M.
  • E-voting during the AGM held on September 17, 2026

The cut-off date for determining shareholders entitled to vote was September 11, 2026.

Key Voting Outcomes

Overall Participation

  • Total paid-up share capital: Rs. 17,41,84,180 divided into 1,74,18,418 equity shares of Rs. 10/- each
  • Total votes cast: 11,985,470 votes representing 68.8092% of outstanding shares

Resolution-wise Results:

Resolution 01/AGM/2026-27

  • Votes in favor: 11,985,470 (100%)
  • Votes against: 0 (0%)
  • Invalid votes: 0
  • Result: PASSED

Resolution 02/AGM/2026-27

  • Votes in favor: 11,985,470 (100%)
  • Votes against: 0 (0%)
  • Invalid votes: 0
  • Result: PASSED

Resolution 03/AGM/2026-27

  • Votes in favor: 6,033,483 (100% of valid votes)
  • Votes against: 0 (0%)
  • Invalid votes: 5,951,987 (from 17 related party shareholders)
  • Result: PASSED

Resolution 04/AGM/2026-27

  • Votes in favor: 6,562,631 (100% of valid votes)
  • Votes against: 0 (0%)
  • Invalid votes: 5,422,839 (from 13 related party shareholders)
  • Result: PASSED

Resolution 05/AGM/2026-27

  • Votes in favor: 6,387,511 (100% of valid votes)
  • Votes against: 0 (0%)
  • Invalid votes: 5,597,959 (from 14 related party shareholders)
  • Result: PASSED

Resolution 06/AGM/2026-27

  • Votes in favor: 6,564,360 (100% of valid votes)
  • Votes against: 0 (0%)
  • Invalid votes: 5,421,110 (from 12 related party shareholders)
  • Result: PASSED

Resolution 07/AGM/2026-27

  • Votes in favor: 6,564,360 (100% of valid votes)
  • Votes against: 0 (0%)
  • Invalid votes: 5,421,110 (from 12 related party shareholders)
  • Result: PASSED

Resolution 08/AGM/2026-27

  • Votes in favor: 6,555,135 (100% of valid votes)
  • Votes against: 0 (0%)
  • Invalid votes: 5,430,335 (from 13 related party shareholders)
  • Result: PASSED

Resolution 09/AGM/2026-27

  • Votes in favor: 6,387,511 (100% of valid votes)
  • Votes against: 0 (0%)
  • Invalid votes: 5,597,959 (from 14 related party shareholders)
  • Result: PASSED

Resolution 10/AGM/2026-27

  • Votes in favor: 6,387,511 (100% of valid votes)
  • Votes against: 0 (0%)
  • Invalid votes: 5,597,959 (from 14 related party shareholders)
  • Result: PASSED

Participation Breakdown by Shareholder Category

Promoter and Promoter Group

  • Shares held: 0 (0% of total)
  • Votes polled: 0 (0%)

Public Institutions

  • Shares held: 4,617,019 (26.51% of total)
  • Votes polled: 3,388,924 (73.4007% of category shares)

Public Non-Institutions

  • Shares held: 12,801,399 (73.49% of total)
  • Votes polled: 8,596,546 (67.1532% of category shares)

Scrutinizer's Role and Findings

Shikha Rai, Partner at Mamta Binani and Associates, Practicing Company Secretaries, was appointed as Scrutinizer. The scrutinizer:

  • Verified all electronic votes recorded during the remote e-voting period
  • Unblocked and counted votes after closure of remote e-voting and e-voting during AGM
  • Downloaded e-voting reports from NSDL website
  • Conducted scrutiny in presence of two witnesses not employed by the company
  • Noted that related party votes on material RPT resolutions were treated as invalid per Regulation 23 of SEBI LODR
  • Confirmed all resolutions passed as ordinary resolutions

Compliance Confirmation

The meeting was conducted in compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standards on General Meetings issued by ICSI
  • MCA Circulars: No. 14/2020, 17/2020, 20/2020, 02/2022, 10/2022, 09/2023, 09/2024, and 03/2025
  • SEBI circulars regarding e-voting

Additional Information

The company's registered office is at Kubera Chambers, Shivaji Nagar, Pune-411005, Maharashtra, India. The scrutinizer's firm is located at 2nd Floor, Nicco House, 2 Hare Street, Kolkata-700 001.