Cryogenic OGS Limited secured shareholder approval for related party transactions and loans under Section 185 of the Companies Act, 2013, through a postal ballot that concluded on June 4, 2026. The voting process, conducted via remote e-voting, saw participation from 16 shareholders, with no opposition recorded. The approval is critical for the company to proceed with specific transactions involving its subsidiary, Infravolt Engineering Private Limited, and other corporate dealings regulated by the Act.

M/s. Ruchita Patel & Associates, Company Secretaries, were appointed as the scrutinizer to oversee the e-voting process. The voting period commenced on May 6, 2026, and concluded on June 4, 2026. A total of 842 shareholders were eligible to vote as of the cut-off date of May 1, 2026, of which 2 were from the promoter group and 14 were public shareholders. The e-voting platform was provided by NSDL, and the votes were unblocked in the presence of two independent witnesses.

The first resolution, passed as a Special Resolution, authorized the company's transactions under Section 185 of the Companies Act, 2013. This section generally governs loans and investments by a company to other entities and persons. The resolution received 11,251,500 votes in favour, constituting 100% of the total votes cast for this item. There were no votes cast against or abstentions recorded for this resolution.

The second resolution, passed as an Ordinary Resolution, specifically approved material related party transactions with Infravolt Engineering Private Limited, a subsidiary company. This resolution received 653,250 votes in favour, representing 100% of the total votes cast for this specific item. Similar to the first resolution, there were no votes against or abstentions. The detailed voting results are summarized in the table below.

The scrutinizer's report confirms that both resolutions have been passed with the requisite majority. The register and records relating to the electronic voting will remain in the custody of the scrutinizer until the Chairperson signs the minutes of the meeting, after which they will be handed over to the Company Secretary.

cryogenic ogs announced that its material subsidiary, Infravolt Engineering Private Limited, has secured a significant order worth ₹12,58,59,980 from Fimer India Private Limited for the supply of Busbar Kits. The order, received on June 2, 2026, underscores the subsidiary's entry into the renewable energy supply chain, specifically targeting the solar inverter market. The execution of this domestic order is scheduled to be completed within a period of 18 to 21 weeks.

The disclosure was made to BSE Limited pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there are no interests held by the promoter, promoter group, or group companies in the entity that awarded the order. Furthermore, the transaction does not fall within related party transactions.

Order Details

The following table outlines the key particulars of the order awarded to Infravolt Engineering Private Limited:

The company stated that the incorporation of Infravolt Engineering Private Limited represents a strategic step to broaden its industrial footprint. Cryogenic OGS Limited is positioning itself as a diversified participant in the energy ecosystem, with a focus on solar energy infrastructure and railway electrification systems. Management views this order as a validation of Infravolt's precision manufacturing capabilities and its ability to meet the quality standards demanded by global original equipment manufacturers (OEMs).