Divine Power Energy Limited will seek shareholder approval for the Divine Power Energy Limited Employee Stock Option Plan 2026 (ESOP 2026) at its 25th Annual General Meeting (AGM) scheduled for June 27, 2026. The meeting, to be held via video conferencing, includes proposals to authorize the Board to grant up to 2,00,000 employee stock options corresponding to 2,00,000 equity shares. The agenda also encompasses significant financial authorizations, including increasing the borrowing limit to ₹500 crore and approving loans, guarantees, and investments up to ₹500 crore under Section 186 of the Companies Act, 2013.

The Board proposes to appoint M/s. Sumit Bajaj & Associates, Company Secretaries, as the Secretarial Auditor for the financial year ending March 31, 2027. Additionally, shareholders will consider the ratification of remuneration payable to Cost Auditors M/s Pooja Verma & Co. at ₹50,000 plus applicable taxes for the financial year 2026-2027. The Board also seeks authorization to fix the remuneration of Statutory Auditors M/s. VAPS & Associates for the same period.

Vikas Talwar (DIN: 01709711), Director of the Company, retires by rotation at this AGM and, being eligible, offers himself for re-appointment. His remuneration is proposed at ₹3,00,000 per month, compared to the last drawn salary of ₹2,00,000 per month. The record date for determining shareholder eligibility for the AGM is June 22, 2026.

Remote e-voting will commence on June 24, 2026, at 09:00 AM and conclude on June 26, 2026, at 05:00 PM. The facility for appointing proxies is not available due to the virtual nature of the meeting. Corporate members may appoint authorized representatives to attend and vote through the e-voting system.

The following table summarizes the key resolutions to be presented at the AGM:

The AGM notice is available on the company’s website at www.dpel.in . The meeting will be conducted in compliance with the Ministry of Corporate Affairs circulars regarding virtual meetings.

Divine Power Energy Limited has reported its audited financial results for the financial year ended March 31, 2026. The Board of Directors approved the results along with the appointment of auditors and several key corporate proposals in a meeting held on May 13, 2026.

Consolidated Financial Performance: FY26 vs FY25

The company delivered a strong set of consolidated results for FY26, with broad-based growth across all key financial metrics. Total consolidated revenue rose 26.30% year-on-year, while profitability indicators recorded even sharper gains, reflecting improved operational efficiency. The following table summarises the consolidated annual performance:

Consolidated EBITDA more than doubled, rising 128.62% from INR 2,293.41 lakhs in FY25 to INR 5,243.16 lakhs in FY26. Profit After Tax recorded the highest growth rate among all metrics, surging 176.95% to INR 2,670.69 lakhs compared to INR 964.33 lakhs in the previous year. Earnings Per Share on a consolidated basis climbed 166.74% to INR 10.83 from INR 4.06 in FY25.

Standalone Financial Performance: FY26 vs FY25

The standalone performance of Divine Power Energy also reflected significant improvement across revenue and profitability parameters during FY26. Standalone total revenue grew 21.8% year-on-year, while EBITDA and PAT posted substantial gains. The table below presents the standalone annual performance:

Standalone EBITDA nearly doubled, rising 91.97% from INR 2,015.63 lakhs in FY25 to INR 3,869.48 lakhs in FY26. Standalone PAT grew 123.1% to INR 2,041.57 lakhs from INR 915.30 lakhs in the prior year. Standalone EPS improved 82.4% to INR 8.28 compared to INR 4.54 in FY25.

Board Approvals and Corporate Actions

The Board approved the re-appointment of M/s. Sumit Bajaj and Associates as Secretarial Auditors, M/s. Pooja Verma & Co. as Cost Auditors, and M/s. Grover Isha & Co. as Internal Auditors for the financial year 2026-2027. Additionally, the Board approved the introduction of the "Divine Power Energy Limited Employee Stock Option Plan 2026" for eligible employees, subject to shareholder approval.

In a significant strategic move, the Board approved an investment in Wireonix Private Limited to acquire over 50% of its paid-up share capital, making it a subsidiary of the company. The acquisition cost is INR 1,56,000. Furthermore, the Board approved the issuance of 5,000 Non-Convertible Debentures (NCDs) of INR 1,00,000 each, aggregating to INR 50,00,00,000 on a private placement basis. The NCDs carry a coupon rate of 12% per annum, payable monthly, and have a tenure of up to 36 months.

Key Highlights

• Consolidated revenue grew 26.30% YoY to INR 62,596.02 lakhs in FY26
• Consolidated EBITDA surged 128.62% YoY to INR 5,243.16 lakhs
• Consolidated PAT jumped 176.95% YoY to INR 2,670.69 lakhs
• Consolidated EPS rose 166.74% YoY to INR 10.83
• Standalone revenue increased 21.8% YoY to INR 41,598.29 lakhs
• Standalone PAT grew 123.1% YoY to INR 2,041.57 lakhs
• Standalone EPS improved 82.4% YoY to INR 8.28
• NCD Issue: INR 50 crore via 5,000 NCDs at 12% coupon rate
• Acquisition: Investment in Wireonix Private Limited to make it a subsidiary