CESC Limited has announced the results of its postal ballot conducted through remote e-voting, with shareholders approving key director appointments and corporate governance measures on March 30, 2026. The voting process, overseen by scrutinizer Pankaj Kumar of PVK & Associates, concluded successfully with strong shareholder participation across all three special resolutions.

Postal Ballot Overview

The remote e-voting period remained open from February 28, 2026 at 9:00 AM IST to March 29, 2026 at 5:00 PM IST. A total of 360,149 shareholders were eligible to participate based on the cut-off date of February 20, 2026. The postal ballot notice was dated February 25, 2026.

Director Appointment Results

Umang Kanoria Appointment

Shareholders approved the appointment of Mr. Umang Kanoria (DIN: 00081108) as Non-Executive Independent Director with overwhelming support. The resolution received 1,056,773,233 votes in favor, representing 92.49% of total valid votes cast.

Debanjan Mandal Re-appointment

The re-appointment of Mr. Debanjan Mandal (DIN: 00469622) as Non-Executive Independent Director was approved with 965,166,401 votes in favor, constituting 84.47% of valid votes cast.

Corporate Governance Approval

Shareholders demonstrated strong support for the resolution regarding loans/advances under Section 185 of the Companies Act, 2013, with 1,141,277,893 votes in favor representing 99.88% approval.

Scrutinizer Report and Compliance

The postal ballot was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Jagdish Patra coordinated the process, while scrutinizer Pankaj Kumar (CP No. 20994) ensured compliance with all regulatory requirements. The scrutinizer's report was prepared with witnesses Sachin Shrivastva and Harshit Pal present during the vote unblocking process.

The voting results have been uploaded on the company's website and the National Securities Depository Limited platform, with copies filed with NSE (Scrip Code: CESC) and BSE (Scrip Code: 500084) exchanges. All three special resolutions were passed with the requisite majority, enabling CESC Limited to proceed with the approved corporate actions.

CESC Limited announced the incorporation of two new wholly owned subsidiary companies through its existing subsidiary Purvah Green Power Private Limited on March 24, 2026. The development was disclosed under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

New Subsidiary Companies

The two newly incorporated entities are positioned to strengthen CESC's presence in the renewable energy sector:

Business Focus and Objectives

Both subsidiaries will operate in the renewable power sector, exploring new opportunities to expand CESC's clean energy portfolio. The companies have been established as wholly owned subsidiaries of Purvah Green Power Private Limited, which itself is a subsidiary of CESC Limited.

Ownership Structure

The ownership hierarchy demonstrates CESC's strategic approach to renewable energy investments:

Regulatory Compliance

The incorporation was completed in compliance with SEBI regulations, with detailed disclosures provided under Regulation 30. As newly incorporated entities, both companies do not require specific governmental or regulatory approvals for their establishment. The companies currently have no operational turnover, being freshly incorporated entities focused on future business development in the renewable energy space.

Strategic Implications

The establishment of these subsidiaries aligns with the broader industry trend toward renewable energy expansion. Both PURVAH ECOENERGY SOLUTIONS PRIVATE LIMITED and PURVAH POWER VENTURES PRIVATE LIMITED will serve as dedicated vehicles for exploring and developing renewable power opportunities, providing CESC with focused platforms for clean energy initiatives.