Shareholders Approve New Objects Clause Covering Data Centres and Broader Power Business; BSR & Co. LLP Named Joint Statutory Auditor

At the 11th AGM held on September 29, 2026, shareholders approved two items.

Wed 30 Sep 2026

AGM Date

September 29, 2026

Objects Clause Expansion

Two new clauses added: broader power business (generation, storage, transmission, distribution, trading, EPC, O&M) and data centres,…

Joint Statutory Auditor Appointment

M/s. BSR & Co. LLP appointed for 5 years from 11th AGM to 16th AGM (FY 2025-26 to FY 2030-31)

Auditor Replacement

Replaces Walker Chandiok & Co. LLP after completion of second and final permissible term

What was approved

The company has intimated the exchanges that shareholders, at the 11th Annual General Meeting held on September 29, 2026, approved two resolutions.

Alteration of the Objects Clause

Clause III.(A) of the Memorandum of Association is altered by inserting new Clauses III.(A)4 and III.(A)5 after the existing Clause III.(A)3.

• Clause 4 covers generating, storing, transmitting, distributing, supplying, purchasing, selling, trading, importing and exporting electricity, power, energy and capacity from any permitted source or technology; owning and operating generating stations, energy storage systems, transmission and distribution networks; and related EPC, civil works and operation and maintenance services. It allows acting as a generating company, transmission licensee, distribution licensee, electricity trader, aggregator or contractor, directly or through subsidiaries, joint ventures or SPVs.
• Clause 5 covers data centres, data-centre parks, colocation facilities, cloud infrastructure, hosting and digital computing facilities, cybersecurity, surveillance, disaster recovery and backup services, along with associated buildings, power supply and backup, energy storage, cooling and connectivity, and equipment including graphics processing units and servers. These may be provided, leased, licensed or sold to the company itself or to third parties.

An objects clause sets out the businesses a company is permitted to carry on. Widening it creates the legal ability to enter these areas; it is an enabling step and not, by itself, an announcement of a specific project, investment or contract.

Joint Statutory Auditor change

• M/s. BSR & Co. LLP, Chartered Accountants (Firm Registration No. 101248W/W-100022), appointed Joint Statutory Auditors for a term of 5 (five) years, from the conclusion of the 11th AGM (for FY 2025-26) until the conclusion of the 16th AGM (to be held for FY 2030-31).
• The firm replaces M/s. Walker Chandiok & Co. LLP, which served its second and final permissible consecutive term as joint statutory auditor, concluding at the 11th AGM. This is a rotation required on completion of the permitted term, not an adverse exit.
• Profile disclosed: B S R & Co. was constituted on March 27, 1990 as a partnership firm and converted into an LLP on October 14, 2013. It has over 4000 staff and 170+ partners, with offices across 14 locations, and audits listed companies including in the power, infrastructure and renewable-energy sectors.

How investors may read it

The data-centre and computing infrastructure addition signals an intent to keep that option open alongside the core renewable-energy business, which some readers may view as a diversification cue. The auditor change follows the completion of a permissible term.

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