CLN Energy Limited passed all seven resolutions proposed at its 7th Annual General Meeting (AGM) with 100% votes in favor. The company submitted the scrutinizer's report on September 29, 2026, confirming that no votes were cast against any resolution.

The meeting was held on September 25, 2026, via Video Conferencing. Seven members participated through remote e-voting, representing 77.15% of the total outstanding shares. The remaining public shareholders did not cast votes during the e-voting period.

Resolutions adopted

The shareholders approved the following key items:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Re-appointment of Mr. Sunil Gandhi as Director retiring by rotation.
• Approval of remuneration for the Cost Auditor for FY27.
• Regularization of Mr. Rahul Bhatnagar as Executive Director and Mr. Sanni Kumar as Whole-time Director.
• Approval of related party transactions with CLNGreen Private Limited.
• Enhancement of borrowing limits under Section 180(1)(c) of the Companies Act, 2013.

Voting details and attendance

The voting process was conducted through remote e-voting from September 21 to September 24, 2026. Mr. Sumit Khanna of SARK & Associates LLP served as the scrutinizer. The report indicated that while there were 732 shareholders on the record date, only seven individuals voted, all of whom supported every resolution.

Auditor reports and financial overview

Ms. Bhavika Mundra, Company Secretary, informed members that the reports of Statutory Auditors M/s D.G.M.S & Co. and Secretarial Auditors SARK Associates & LLP for FY26 contained no qualifications or adverse comments. Chairperson Rajiv Seth described the year as transformative, noting resilience despite global economic headwinds.

CLN Energy Ltd saw a significant shift in its shareholding pattern as Craft Emerging Market Fund PCC acquired 7.66% of the company's total voting capital. The acquisition involved the purchase of 820,800 equity shares through open market transactions, marking the fund's entry into the company's register as a substantial shareholder.

The disclosure, filed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms that the acquirer does not belong to the promoter or promoter group. The buying activity was executed across three distinct dates: February 28, 2025, April 29, 2025, and September 16, 2026. Prior to these transactions, the acquirer held no shares in CLN Energy.

Acquisition details

The transaction was conducted entirely through the open market on the BSE. The following table outlines the key parameters of the acquisition:

What the numbers show

The data reveals a concentrated accumulation strategy by the foreign fund. With a total diluted share/voting capital of 10,713,296, the acquisition of 820,800 shares represents a precise 7.66% stake. Notably, the pre-acquisition holding was nil, indicating this was a fresh entry rather than an incremental increase in an existing position. The spread of acquisition dates over nearly 19 months suggests a gradual accumulation approach rather than a single bulk block deal, potentially to manage market impact or adhere to specific investment mandates.