Proceedings of 18th AGM: three resolutions put to e-voting, including ₹16.10 crore preferential issue to promoter

18th AGM held on 30 Sep 2026 via video conferencing.

Wed 30 Sep 2026

AGM Date

30 Sep 2026

Meeting Format

Video conferencing

Resolutions Placed

3 items: 2 Ordinary + 1 Special Resolution

Preferential Issue Size

10,00,000 equity shares at ₹161 per share, aggregate ₹16.10 crore

Issue Price Details

Face value ₹10, Premium ₹151 per share

What happened

The 18th Annual General Meeting of the Company was held on Wednesday, 30 September 2026 at 11:30 A.M. through Video Conferencing / Other Audio-Visual Means, and concluded at 11:56 A.M.

Who was present

• Mr. Sarang Bhand, Managing Director, took the Chair
• Mrs. Janaki Bhand, Non-Executive Director; Mr. Jigar Gudka, CFO
• Statutory Auditor and Secretarial Auditor/Scrutiniser in attendance
• The Chairman of the Board, Mr. Rakesh Mehra (Independent Director), and Mr. Amit Karia (Independent Director) were unable to attend

Business transacted

Three items were placed before members — two Ordinary Resolutions and one Special Resolution.

• Resolution 1 (Ordinary): adoption of audited standalone and consolidated financial statements for the year ended 31 March 2026, with Board and Auditors' reports
• Resolution 2 (Ordinary): appointment of Mrs. Janaki Sarang Bhand as a Director liable to retire by rotation, pursuant to the Corrigendum to the AGM Notice
• Resolution 3 (Special): approval for issue and allotment of up to 10,00,000 fully paid-up equity shares of face value ₹10 each at an issue price of ₹161 per equity share, including a premium of ₹151 per share, on a preferential basis to Mr. Sarang Bhand, Promoter, for aggregate consideration of up to ₹16.10 crore

Voting process

Remote e-voting was open from 9:00 A.M. on 26 September 2026 to 5:00 P.M. on 29 September 2026, with 23 September 2026 as the cut-off date. E-voting through NSDL was available during the meeting and for 15 minutes after its conclusion. Mr. Anish Gupta of VKMG & Associates LLP acted as Scrutinizer. As resolutions were decided electronically, there was no voting by show of hands. Voting results with the Scrutinizer's Report will be declared and submitted to the stock exchanges.

Management address

The Managing Director spoke on FY 2025-26 performance, the transition towards an integrated CleanTech, bioenergy and decarbonisation platform, the Build-Own-Operate (BOO) business model, CBG and bioenergy opportunities, strategic collaborations, R&D initiatives and priorities for FY 2026-27, including expansion of the CBG project pipeline and financial discipline.

Q&A

No questions were received before the meeting and no member registered as a speaker; an opportunity to ask questions was given at the meeting and none were raised.

What to watch

The outcome of voting on the three resolutions, particularly the promoter preferential issue, once the Scrutinizer's Report is shared.

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