Cospower engineering Limited has announced the successful completion of its separate meeting of independent directors, held on March 13, 2026. The meeting represents a key governance milestone as part of the company's regulatory compliance under corporate governance norms.

Meeting Overview and Duration

The independent directors' meeting commenced at 3:00 PM and concluded at 3:40 PM on Friday, March 13, 2026. The focused 40-minute session addressed critical governance and performance evaluation matters as required under regulatory frameworks.

Key Agenda Items Addressed

The independent directors undertook a comprehensive review covering three primary areas during their deliberations:

Governance and Performance Evaluation

The meeting focused extensively on performance assessments across multiple levels of the organization's leadership structure. The independent directors conducted thorough evaluations of non-independent directors' contributions and effectiveness. Additionally, they assessed the overall board performance, examining how well the collective leadership has functioned in guiding the company's strategic direction.

The chairperson's performance review incorporated diverse perspectives from both executive and non-executive directors, ensuring a comprehensive evaluation process. This multi-stakeholder approach provides balanced insights into leadership effectiveness and governance quality.

Information Flow Assessment

A significant portion of the meeting addressed the critical aspect of information flow between company management and the board. The independent directors evaluated whether the quality, quantity, and timeliness of information provided enables the board to effectively discharge its duties and make informed decisions.

Regulatory Compliance

The meeting fulfills the company's obligations under Regulation 30 of corporate governance requirements. Ashley Mathew Correa, Independent Director with DIN 09461989, signed the official communication to BSE Limited, confirming the meeting's completion and outcomes.

The company has requested BSE Limited to take the meeting details and outcomes on record, maintaining transparency in its governance processes and regulatory compliance efforts.

Cospower Engineering Limited successfully conducted its Extraordinary General Meeting (EGM) on December 19, 2025, with all six special resolutions receiving unanimous approval from shareholders. The meeting was held at the company's registered office and concluded significant corporate governance decisions.

Meeting Details and Process

The EGM was conducted from 09:30 AM to 10:30 AM on Friday, December 19, 2025, at the registered office located at H.No 940, S.No.134/17a, Pazar Talao Road Chandrapada, Vaki Pada, Juchandra, Naigaon East Naigaon Thane 401208. Mr. Jaymin Modi of Jaymin Modi Co., Company Secretaries, served as the scrutinizer for the voting process.

Key Resolutions Approved

All six special resolutions were passed with 100.00% approval from valid votes cast. The resolutions covered critical corporate actions including capital restructuring and executive compensation adjustments.

Capital Structure Changes

The first two resolutions focused on enhancing the company's capital base:

• Resolution 1: Increase in authorized share capital of the company
• Resolution 2: Issue of equity shares on preferential basis to non-promoters for cash consideration

Both resolutions received complete shareholder support, enabling Cospower Engineering to strengthen its financial position and expand its capital structure.

Director Remuneration Approvals

Four resolutions addressed revision of director remuneration exceeding limits prescribed under Section 197 and Schedule V of the Companies Act, 2013:

Voting Process and Results

The remote e-voting facility remained available from 9.00 AM IST on Monday, December 15, 2025, until 5.00 PM IST on Thursday, December 18, 2025. Electronic copies of the EGM notice were sent to all members with registered email addresses.

For resolutions 3-6 concerning director remuneration, votes cast by promoter/promoter group were excluded from consideration as per regulatory requirements. Despite this exclusion, all resolutions achieved 100.00% approval from eligible voters.

Regulatory Compliance

The voting results were disclosed under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer's consolidated report confirmed that all procedural requirements under Section 108 and 109 of the Companies Act, 2013, were properly followed.

Cospower Engineering trades on BSE Limited with ISIN INE0CQB01010. The successful passage of all resolutions demonstrates strong shareholder confidence in the company's strategic direction and leadership compensation structure.