Divine Power Energy Limited has completed the payment obligation for the import of specialized production machinery intended for a Continuously Transposed Conductor (CTC) production line at its subsidiary, Vimlesh Industries Private Limited. The company remitted the balance consideration of CNY 4,712,809 to the overseas supplier, finalizing the total contract value of CNY 12,902,652. This payment facilitates the manufacturing, dispatch, and delivery of the machinery in accordance with the agreed contractual timeline.

The transaction is an update to a previous disclosure made on 04 December 2025 regarding the import of machinery and auxiliary equipment. The revised Proforma Invoice dated 07 May 2026 established the total contract value. Prior to this final remittance, the company had already paid a deposit of CNY 8,189,843 towards the procurement arrangement.

Financial Breakdown of Transaction

The following table outlines the payment details for the machinery import:

Vimlesh Industries Private Limited is a wholly owned subsidiary of Divine Power Energy Limited. The nature and purpose of the transaction remain unchanged from the initial disclosure, with the exception of the revision in the commercial value and settlement currency as reflected in the revised Proforma Invoice. The disclosure was submitted to the National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Divine Power Energy Limited shareholders approved all nine resolutions proposed during its 25th Annual General Meeting (AGM) held on June 27, 2026, via video conferencing. The meeting saw the adoption of audited financial statements for the financial year ended March 31, 2026, and the re-appointment of Director Vikas Talwar, who retired by rotation. The company also secured approval for the Divine Power Energy Limited Employee Stock Option Plan 2026 and authorized the Board to fix statutory auditor remuneration for FY 2026-2027.

The scrutinizer's report, filed by Sumit Bajaj of Sumit Bajaj & Associates, detailed the voting outcomes for each resolution. Remote e-voting was conducted from June 24 to June 26, 2026, while e-voting during the AGM was facilitated for attendees. A total of 15,763,080 valid votes were cast across all resolutions, with the majority receiving unanimous support.

Voting Results Summary

Key Approvals

The approval of the ESOP 2026 plan and the authorization to increase borrowing limits under Section 180(1)(c) of the Companies Act, 2013, were among the key special resolutions passed. Additionally, shareholders ratified the remuneration payable to cost auditors for the financial year 2026-2027. The resolutions regarding loans, guarantees, and investments under Sections 185 and 186 also received the necessary shareholder approval, with minor opposition recorded on the investment limit increase resolution.

The meeting proceedings were conducted in compliance with the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer confirmed that the remote e-voting register and other records would be handed over to the Compliance Officer after the Chairman signs the minutes.