Aartech Solonics Limited announced that its wholly owned subsidiary, Faradigm Ultracapacitors Pvt. Ltd., has entered into a Memorandum of Understanding (MoU) with Shenzhen Titan Smart Energy Technology Co. Ltd. The agreement aims to explore strategic cooperation in advanced energy storage solutions and the development of localized manufacturing capabilities in India.

The collaboration focuses on Lithium Iron Phosphate (LFP)-based Battery Energy Storage Systems (BESS) ranging from 100 kWh to 5 MWh. These systems are targeted at Commercial and Industrial (C&I) applications, including integrated hybrid solutions combining solar power, diesel generators, and battery storage. Plans to enter Utility Scale projects are currently under review, reflecting the company's intent to address India's growing demand for reliable and sustainable energy infrastructure.

Strategic Manufacturing Plans

A key component of this initiative is Faradigm’s upcoming manufacturing facility at the Renewable Energy Manufacturing Cluster in Mohasa-Babai, Madhya Pradesh. This facility is planned to commence operations in FY27-28. The partnership will explore manufacturing and technology licensing opportunities, leveraging Shenzhen Titan’s expertise in energy storage technology alongside Aartech’s market presence and local infrastructure.

Shenzhen Titan reports a portfolio of more than 300 projects, cumulative deployments exceeding 3 GWh, and over 200 proprietary patents in the energy storage domain. This technical depth is expected to complement Aartech’s four decades of experience in specialized electrical and power solutions.

Market Context

The move aligns with significant growth projections in the Indian energy storage sector. Driven by declining lithium-ion costs and stringent green mandates, India’s C&I BESS opportunity is transitioning from a sub-1 GWh base in 2025 to a projected capacity of 22-31 GWh by 2032. This represents a sub-market CAGR of 36.2%, contributing heavily to a broader national sector projected to grow at a 91% CAGR up to 302 GWh by FY32.

Aartech’s participation in the MP Solar + Storage Expo 2026 further underscores its interest in emerging technologies within this high-growth segment.

Aartech Solonics Limited shareholders approved all five resolutions at the 44th Annual General Meeting held on September 29, 2026. The company submitted the final voting results and scrutinizer's report to stock exchanges on September 30, 2026.

The meeting, conducted via video conferencing, saw the adoption of audited standalone and consolidated financial statements for FY26. The Board’s Report and statutory auditor’s report were taken as read, with no qualifications or adverse remarks noted.

Key resolutions passed

Shareholders voted on five agenda items, including the re-appointment of directors and revisions in executive remuneration. All resolutions were passed with a 100% majority in favor among valid votes cast.

Governance and compliance

The company facilitated remote e-voting through Bigshare Services Private Limited from September 26 to September 28, 2026. Members present during the AGM could also cast votes electronically. APVN & Associates served as the scrutinizer to ensure fair voting processes.

Chairman and Managing Director Amit Anil Raje addressed members, highlighting the company’s focus on strengthening operations and pursuing growth opportunities. Directors with direct interests abstained from voting on specific remuneration-related resolutions.

What the Numbers Show

The voting data reveals a highly concentrated shareholder base participating in the AGM. For the financial statements and dividend resolution (Items 1 and 2), 53 members cast 12,378,746 votes in favor. However, for the director re-appointment and remuneration revisions (Items 3, 4, and 5), the number of participating members dropped to 51, casting 12,161,346 votes in favor. This indicates that two members holding approximately 217,400 shares abstained or did not vote specifically on the governance and remuneration items, while supporting the financial adoption.