CLN Energy Ltd appointed Rahul Bhatnagar as an Additional Director in the capacity of Executive Director effective July 01, 2026, subject to shareholder approval. The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee. Bhatnagar brings over three decades of experience in textiles, fashion, and defense manufacturing to the role. His appointment is subject to member approval and he is liable to retire by rotation at the ensuing General Meeting.

Rahul Bhatnagar is a Delhi-based entrepreneur and philanthropist. He holds a B.Sc. and M.Sc. from Delhi University and an MCA in Computers. As a founding member of the Shamken Group, he helped build a ₹1000+ crore textile conglomerate, serving as Founder Director and Chairman of Shamken Cotsyn Ltd., which he led to a successful stock exchange listing. He later founded Ameks Techfab Pvt. Ltd., producing NIJ- and DRDO-certified bulletproof fabrics and body armor, and Elitista Haute Couture Pvt. Ltd., providing manufacturing support to global brands like Gucci, Prada, and Versace. He has since expanded operations internationally and is now based in Dubai. He is also active in philanthropy, serving as a trustee with organizations like Nirmala Niketan and Nirmana.

The company confirmed that Mr. Rahul Bhatnagar is not related to any Director on the Board. The disclosure was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

CLN Energy Limited has initiated a remote e-voting process to seek shareholder approval for increasing its authorised share capital and issuing up to 2,50,000 equity shares to promoter entity CLN Energy PTE Limited. The preferential issue aims to raise funds primarily to meet the ₹10 crore Foreign Direct Investment (FDI) eligibility requirement necessary for acquiring leasehold land from the Government of Uttar Pradesh for a new manufacturing facility. The voting period commences on June 24, 2026, and concludes on July 23, 2026.

The Board of Directors, at its meeting on June 18, 2026, approved the proposal to increase the authorised share capital from ₹12 crore to ₹12.30 crore by creating 3,00,000 additional equity shares of ₹10 each. Concurrently, the company seeks approval to allot 2,50,000 equity shares at a minimum issue price of ₹401 per share, aggregating to approximately ₹10.02 crore. The proposed allottee, CLN Energy PTE Limited, is a promoter group entity.

The proceeds of the issue are intended to be utilized for acquiring land under the "FDI and Fortune 500 Companies Investment Promotion Policy, Uttar Pradesh: 2023". In the event the land allotment does not materialize, the company plans to allocate 50% of the proceeds towards debt repayment and the remaining 50% for capital expenditure. As of March 31, 2026, the company reported outstanding loans of ₹9327.01 lakhs.

The preferential issue is subject to a special resolution, while the increase in authorised capital requires an ordinary resolution. Mr. Sumit Khanna, Practicing Company Secretary, has been appointed as the scrutinizer to oversee the postal ballot process. The relevant date for determining the floor price of the equity shares is June 23, 2026.

Shareholding Pattern

The preferential allotment will alter the company's shareholding structure, increasing the promoter's stake. The following table outlines the pre and post-issue shareholding pattern:

Voting Details

Shareholders registered as on the cut-off date of June 19, 2026, are eligible to participate in the remote e-voting process. The facility is available through National Securities Depository Limited (NSDL). The results of the postal ballot, along with the scrutinizer's report, will be announced on or before July 27, 2026, and will be available on the company's website and the BSE website.