Autoriders International has scheduled its 41st Annual General Meeting (AGM) for Monday, September 28, 2026. The meeting will be held via Video Conferencing or Other Audio Visual Means (VC/OAVM) starting at 11:30 am.

The notice, dispatched on September 2, 2026, outlines significant strategic shifts and governance updates for shareholders to approve.

Key Agenda Items

Shareholders will vote on several special resolutions aimed at diversifying the company’s business model and strengthening its capital structure.

Expansion into Renewable Energy

The board proposes altering the Memorandum of Association (MOA) to include renewable energy activities as a main object. The new clause permits the company to engage in the generation, transmission, distribution, trading, and supply of solar, wind, hydro energy, and other sustainable technologies. This includes establishing power plants, solar farms, and manufacturing related equipment such as solar panels and batteries.

Increased Borrowing and Charge Limits

To support working capital requirements and growth plans, the company seeks to double its borrowing limits under Section 180(1)(c) of the Companies Act, 2013. The proposed limit rises from ₹100 crore to ₹200 crore. Similarly, the limit for creating charges on assets under Section 180(1)(a) is also increased from ₹100 crore to ₹200 crore.

Director Re-designation

Mrs. Maneka Vijay Mulchandani, currently an Executive Director, will retire by rotation and offer herself for re-appointment. Additionally, shareholders are asked to approve her re-designation as a Whole-Time Director for a three-year term commencing August 20, 2026. Her remuneration is capped at ₹50 lakh per annum.

Financial Performance FY26

As disclosed in the explanatory statement, the company reported the following financial results for the year ended March 31, 2026:

E-Voting and Participation

Remote e-voting via National Securities Depository Limited (NSDL) will open on Thursday, September 24, 2026, at 9:00 am and close on Sunday, September 27, 2026, at 5:00 pm. The record date for voting rights is Monday, September 21, 2026.

Physical attendance is not required. Shareholders joining via VC/OAVM must register as speakers by September 24, 2026, at 5:00 pm to ask questions during the meeting.

Compliance Updates

The company reiterated regulatory requirements for physical shareholders to update their PAN, KYC, and bank details with the Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited. Unclaimed dividends from FY23-24 (interim) and FY24-25 (final) face transfer to the Investor Education and Protection Fund (IEPF) if not claimed by April 1, 2031, and October 29, 2032, respectively.

Autoriders International has doubled its overall borrowing limits from ₹100 crore to ₹200 crore. The board also approved expanding into renewable energy and re-designating a key executive director.

The decisions were taken at a board meeting held on August 20, 2026. The resolutions require approval from members at the ensuing Annual General Meeting (AGM).

Capital Structure Changes

The board approved increasing the limits under Section 180(1)(a) of the Companies Act, 2013, for creating charges on company assets. The limit rises from ₹100 crore to ₹200 crore.

Similarly, the overall borrowing limits under Section 180(1)(c) of the Companies Act, 2013, are increased from ₹100 crore to ₹200 crore. This allows the company to borrow funds from banks, financial institutions, NBFCs, corporate bodies, or other lenders in India or abroad. Borrowings can be in rupees or permitted foreign currencies.

Strategic Expansion

The board approved adopting a new Memorandum of Association (MOA) aligned with the Companies Act, 2013. It also altered the object clause to include renewable energy activities.

A new sub-clause 6 was inserted under Clause III(A). This covers generation, transmission, distribution, trading, and supply of solar, wind, hydro energy, and other sustainable energy technologies. This change requires regulatory authority approval alongside shareholder consent.

Governance Updates

Based on the Audit Committee’s recommendation, the board appointed M/s. HRU & Associates as Secretarial Auditors. The term is for five consecutive years, from April 1, 2026, to March 31, 2031. This appointment is subject to AGM approval under Section 204 of the Companies Act, 2013, and Regulation 24A(1)(c) of the SEBI Listing Regulations.

Mrs. Maneka Vijay Mulchandani was re-designated as Executive Director in the category of Whole-Time Director. Her three-year term begins on August 20, 2026, and ends on August 19, 2029. Her annual remuneration is capped at ₹50 lakh. She is not related to any other directors or key managerial personnel.