Cospower Engineering Limited held its 16th Annual General Meeting (AGM) for the financial year ended March 31, 2026, on Tuesday, September 29, 2026. The meeting took place at the company's registered office in Naigaon East, Maharashtra.

The board adopted the audited financial statements for FY26 along with the reports of the Board of Directors and Auditors. Shareholders also approved the declaration of dividend for the period ending March 31, 2026.

Director Reappointments and Remuneration

Two directors retired by rotation and were offered for re-appointment. Shareholders approved the appointment of Ms. Janet D'souza (DIN: 08676037) and Ms. Christbell Felix Kadam (DIN: 08676062) as directors in place of the retiring directors.

The meeting also addressed special business regarding remuneration revisions for key managerial personnel. Shareholders approved the revision of remuneration for Mr. Oswald Rosario Dsouza (DIN: 02711251), Whole-Time Director, and Mr. Felix Shridhar Kadam (DIN: 02880294), Managing Director. These revisions exceeded the limits prescribed under Section 197 and Schedule V of the Companies Act, 2013.

Voting and Compliance Details

The AGM was conducted in compliance with the Companies (Management and Administration) Rules, 2014. Remote e-voting facilities were available from September 25, 2026, to September 28, 2026, supplementing the poll conducted during the meeting. The scrutinizer oversaw the voting process, with results to be declared within two working days from the conclusion of the meeting.

Mr. Oswald Rosario D'Souza, Executive Director, occupied the chair and informed members that attendance slips were received from all present shareholders. The notice convening the AGM had been sent to all members prior to the event.

Cospower Engineering has declared a final dividend of ₹1 per equity share for FY26. The Board of Directors approved the payout alongside the annual report during its meeting on September 5, 2026.

The company scheduled its 16th Annual General Meeting (AGM) for Tuesday, September 29, 2026, at 11:00 am at its registered office in Naigaon East, Maharashtra. Shareholders on record as of Tuesday, September 22, 2026, will be eligible for the dividend and voting rights. The Register of Members and Share Transfer Books will remain closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026.

Key Outcomes

The board addressed statutory matters and proposed resolutions for shareholder approval at the upcoming AGM.

Shareholder Logistics

E-voting for members will be open from Friday, September 25, 2026, to Monday, September 28, 2026. The cut-off date to determine voting entitlement is also September 22, 2026. Institutional shareholders must submit scanned copies of relevant board resolutions or authority letters to the scrutinizer via email.

Director Remuneration Revision

Based on recommendations from the Nomination and Remuneration Committee, the board approved a revision in remuneration for two key executives, effective from FY27, subject to shareholder approval at the AGM:

• Oswald Rosario D'Souza (Whole-Time Director): Remuneration increased from ₹43.75 lakh per annum to ₹66.25 lakh per annum.
• Felix Shridhar Kadam (Managing Director): Remuneration increased from ₹43.75 lakh per annum to ₹66.25 lakh per annum.

The revised remuneration applies for the period from April 1, 2026, to September 3, 2027. The board noted that these payments may exceed limits prescribed under Section 197 and Schedule V of the Companies Act, 2013, due to inadequacy or absence of profits in certain years, though recent financial performance shows significant growth.

Board and Key Managerial Personnel Updates

The new filing provides an updated list of the company's key personnel as of the reporting period:

• Whole-Time Director: Oswald Rosario Dsouza
• Managing Director: Felix Shridhar Kadam
• Non-Executive Directors: Janet Dsouza, Christbell Felix Kadam
• Independent Directors: Ashley Mathew Correa, Atul Damodar Dharap (w.e.f. September 5, 2025). Edwin E R Cotta served until September 1, 2025.
• Company Secretary & Compliance Officer: Deepam Paresh Shah
• Chief Financial Officer: Maxie Dsouza (w.e.f. September 4, 2025). Hiren Solanki served until September 3, 2025.

The statutory auditors are M/s. C.J.K. Associates, while M/S Ronak Sejpal & Associates serve as internal auditors. Ms. Janet D’Souza and Ms. Christbell Felix Kadam retire by rotation at the AGM and have offered themselves for re-appointment.