CLN Energy has concluded the remote e-voting process for its postal ballot notice dated June 18, 2026, read with the corrigendum dated July 20, 2026. The voting period ended on July 23, 2026, at 5:00 P.M. IST. Shareholders cast their votes on two primary resolutions: increasing the company’s authorised share capital and approving the preferential allotment of up to 2,50,000 equity shares to an entity belonging to the promoter category. The issue price for these shares was revised to ₹423 per share in the corrigendum, raising the total fund-raising target to ₹10.57 crore.

The Board of Directors appointed M/s SARK & Associates LLP, represented by Mr. Sumit Khanna (CP No. 9304), as the scrutinizer to conduct the postal ballot process in a fair and transparent manner. The e-voting period commenced on June 24, 2026, at 9:00 A.M. IST. National Securities Depository Limited (NSDL) facilitated the electronic voting platform for shareholders holding shares in either physical or dematerialized form as on the cut-off date.

The preferential allotment resolution seeks approval for the issuance of equity shares with a face value of ₹10 each, at a premium of ₹413 per share. This pricing structure reflects a floor price of ₹422.82, determined based on a valuation report issued by M/s Ajay Kumar Sukhadiya & Associates, Chartered Accountants. The relevant date for determining this floor price was established as June 23, 2026, which is 30 days prior to the last date of remote e-voting. The original notice had set the minimum issue price at ₹401 per share, which was subsequently updated via the corrigendum.

Voting Process Details

The following table outlines the key parameters of the concluded postal ballot process:

The company disclosed the proceedings pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Bhavika Mundra, Company Secretary & Compliance Officer, signed the disclosure letter submitted to BSE Limited on July 23, 2026.

Next Steps

CLN Energy Limited stated that the results of the postal ballot will be declared on or before Monday, July 27, 2026. The results, along with the scrutinizer’s report, will be displayed at the company’s registered office in Noida, Uttar Pradesh. Additionally, the voting results will be forwarded to NSDL for display on its website and on the company’s investor relations page. The final outcomes will also be submitted to the stock exchanges within the stipulated timelines under Regulation 44(3) of the Listing Regulations and Section 108 of the Companies Act, 2013.

CLN Energy has accepted the resignation of Manish Shah as Whole-time Director and Chief Operating Officer effective June 30, 2026. The Board of Directors approved the resignation during a meeting held on July 01, 2026, after receiving the request post-working hours the previous day. Shah cited pre-occupation and other personal commitments as the reasons for his departure, confirming there were no other material reasons for stepping down.

The company disclosed the change in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the relevant SEBI Master Circular. The resignation marks the cessation of Shah's tenure as a key executive responsible for the company's operations.

Resignation Details

The following table outlines the key particulars regarding the vacancy:

Shah expressed gratitude to the Board members and the management team for their support during his tenure. The company has recorded the resignation and attached the formal resignation letter as part of the regulatory filing.