Revised 18th AGM Proceedings: All 3 Resolutions Passed, Including ₹16.10 Crore Preferential Issue to Promoter

At the 18th AGM held on 30 September 2026 via video conferencing, members passed all three resolutions — accounts adoption, re-appointment of Mrs. Janaki Bhand as director.

Wed 30 Sep 2026

Preferential Issue Size

₹16.10 crore

Share Allotment Quantity

up to 10,00,000 equity shares

Issue Price Per Share

₹161 per equity share (face value ₹10 + premium ₹151)

Preferential Allotment Recipient

Mr. Sarang Bhand, Promoter

AGM Date

30 September 2026

What was shared

The company submitted revised proceedings of its 18th Annual General Meeting, in supersession of the proceedings shared earlier, to incorporate details of the items deliberated, the manner of approval and the results.

The AGM was held on Wednesday, 30 September 2026 at 11:30 A.M. through Video Conferencing / Other Audio-Visual Means, and concluded at 12:11 P.M.

Resolutions passed

• Ordinary Resolution: adoption of audited standalone and consolidated financial statements for the financial year ended 31 March 2026, with Board's and Auditors' Reports.
• Ordinary Resolution: appointment of Mrs. Janaki Sarang Bhand as a Director liable to retire by rotation, pursuant to the Corrigendum to the AGM Notice.
• Special Resolution: 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.

All resolutions were passed with the requisite majority based on consolidated results of remote e-voting and e-voting at the AGM.

Process details

• Remote e-voting ran from 9:00 A.M. on 26 September 2026 to 5:00 P.M. on 29 September 2026; cut-off date for eligibility was 23 September 2026.
• Mr. Anish Gupta of VKMG & Associates LLP acted as Scrutinizer; NSDL provided the e-voting facility, which remained open for 15 minutes after the meeting.
• Managing Director Mr. Sarang Bhand chaired the meeting. Chairman of the Board Mr. Rakesh Mehra and Independent Director Mr. Amit Karia were unable to attend.
• No questions were received in advance and no member registered as a speaker.

Management address

The Managing Director spoke on FY 2025-26 performance, the transition towards an integrated CleanTech, bioenergy and decarbonisation platform, development of the Build-Own-Operate 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.

What it means for investors

Approval of the preferential issue allows fresh capital of up to ₹16.10 crore from the promoter, which would increase the share count by up to 10,00,000 shares once allotted. The consolidated voting results with the Scrutinizer's Report are to be submitted to the exchange and posted on the company's website.

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