CLN Energy Limited has fixed September 18, 2026 as the record date for its seventh annual general meeting scheduled for September 25, 2026. The company’s register of members and share transfer books will remain closed from September 18 to September 24, 2026.

The virtual meeting aims to secure shareholder approval for doubling the borrowing limit to ₹1,000 crore, alongside director appointments and related party transactions.

Financial Performance Overview

The company reported consolidated revenue of ₹34,651.23 lakh for FY26, up from ₹21,917.96 lakh in FY25. Consolidated net profit stood at ₹2,054.90 lakh for the year ended March 31, 2026, compared to ₹1,292.19 lakh in the previous fiscal year.

What the Numbers Show

Foreign exchange usage significantly outpaced earnings during FY26. The company earned ₹10,016.99 lakh in foreign exchange but used ₹16,147.92 lakh, resulting in a net outflow of ₹6,130.93 lakh. This contrasts with the previous year’s net outflow of ₹2,742.47 lakh, indicating increased reliance on imported raw materials and capital goods relative to export proceeds.

Key Agenda Items

The meeting will transact the following business:

• Borrowing Limit Enhancement: Shareholders will decide on increasing the borrowing limit from ₹500 crore to ₹1,000 crore under Section 180(1)(c) of the Companies Act, 2013. Proceeds will fund general corporate purposes and working capital.
• Director Appointments: Regularization of Mr. Rahul Bhatnagar as Executive Director and Mr. Sanni Kumar as Whole-time Director, both effective July 1, 2026, for five-year terms.
• Reappointment: Reappointment of Mr. Sunil Gandhi as a director retiring by rotation.
• Related Party Transactions: Approval of loans and inter-corporate deposits up to ₹10 crore with subsidiary CLNGreen Private Limited.
• Cost Auditor: Ratification of remuneration of ₹85,000 for M/s. SAH & Co. for FY27.

Meeting Details

The AGM will be held via Video Conference or Other Audio-Visual Means at 1:00 pm on September 25, 2026. Remote e-voting opens on September 21, 2026, and closes on September 24, 2026. The record date for voting rights is September 18, 2026.

CLN Energy posted a 59% year-on-year rise in consolidated net profit to ₹205.5 crore for the fiscal year ended March 31, 2026. The lithium-ion battery manufacturer also saw its revenue from operations surge by 58% to ₹3,465.1 crore, reflecting strong demand in the telecom and energy storage sectors.

The company’s seventh annual general meeting is scheduled for September 25, 2026, where shareholders will consider several key resolutions, including an enhancement of borrowing limits and the regularization of new directors.

Financial Performance Highlights

The growth in profitability was underpinned by a significant expansion in manufacturing sales, which grew by approximately 92% year-on-year. While trading goods revenue declined by 61%, this was offset by an 85% increase in service revenue, including R&D services.

Finance costs increased sharply to ₹81.5 crore from ₹8.1 crore in the previous year, primarily due to higher utilization of working capital facilities. Despite this, the operating profit margin improved slightly to 8.9% from 8.4%.

What the Numbers Show

A notable divergence exists between revenue growth and foreign exchange flows. While total foreign exchange earnings rose by 77% to ₹1,001.7 crore, foreign exchange usage for raw material imports surged even more sharply to ₹1,614.8 crore. This resulted in a net foreign exchange outflow of ₹613.1 crore, compared to a net outflow of ₹274.2 crore in FY25, highlighting increasing import dependency for production inputs.

Corporate Governance and Strategic Moves

Shareholders will be asked to approve the regularization of Mr. Rahul Bhatnagar as Executive Director and Mr. Sanni Kumar as Whole-time Director. Both were appointed as additional directors effective July 1, 2026.

Additionally, the Board seeks approval to enhance the company’s borrowing limit under Section 180(1)(c) of the Companies Act, 2013, from ₹500 crore to ₹1,000 crore. This move aims to support organic and inorganic growth plans, including working capital requirements and potential strategic acquisitions.

The company also closed its Pune manufacturing facility on March 31, 2026, consolidating operations at its Noida plant to optimize efficiency. No dividend was recommended for the year, with profits ploughed back into the business.