EKI Energy Services has confirmed the dispatch of notices for its 15th Annual General Meeting (AGM) for the financial year 2025-2026. The meeting is scheduled to take place on Tuesday, August 25, 2026, at 11:00 A.M. (IST) via Video Conferencing or Other Audio Visual Means (OAVM), in compliance with regulatory guidelines issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). This virtual format ensures shareholder participation without physical presence, adhering to the latest circulars including MCA Circular No. 03/2025 dated September 22, 2025.

The company published intimation of the newspaper publication confirming the dispatch of the AGM notice on August 4, 2026, in “Free Press - English Edition” and “Choutha Sansaar – Hindi Edition.” The Annual Report and Notice of the AGM were sent via email on August 3, 2026, to all members with registered email addresses with Depository Participants or the Company’s Registrar and Transfer Agent (RTA). Physical copies have been dispensed with as per MCA and SEBI circulars, though documents remain accessible on the company’s website, BSE Limited, and the Central Depository Services (India) Limited (CDSL) portal.

Shareholders can exercise their voting rights through remote e-voting facilitated by CDSL. The remote e-voting window opens on August 22, 2026, at 09:00 A.M. and closes on August 24, 2026, at 5:00 P.M. Members who vote remotely may attend the AGM but cannot vote again during the meeting. Only those who have not cast their votes via remote e-voting may vote during the live session via VC/OAVM. The cut-off date for determining eligibility is August 18, 2026.

Key Dates and Details

For assistance with e-voting or attending the meeting, shareholders may contact CDSL at the toll-free number 1800 21 09911 or email helpdesk.evoting@cdsindia.com . Queries regarding the process can also be directed to Mr. Yash Joshi, Company Secretary, at cs@enkingint.org . The company emphasized that remote e-voting will not be allowed beyond the specified end time, ensuring strict adherence to the procedural timeline.

EKI Energy Services Limited reported a consolidated net loss of ₹1,658.19 lakh for the financial year ended March 31, 2026 (FY26), reversing the near-breakeven performance of the previous year. The loss was driven by a sharp 78.7% year-on-year decline in consolidated revenue from operations to ₹8,651.92 lakh, reflecting persistent softness in global voluntary carbon credit trading volumes and pricing. Despite the operational headwinds, the company maintained a virtually debt-free balance sheet with total borrowings of just ₹540.91 lakh against total equity of ₹38,248.27 lakh, resulting in a book value of ₹139 per share.

The Board of Directors convened its 15th Annual General Meeting (AGM) on August 25, 2026, via Video Conferencing to adopt the audited financial statements and approve key administrative changes. Shareholders approved the appointment of Ms. Pooja Jorway as Whole Time Director and Chief Financial Officer for a five-year term commencing July 16, 2026. She succeeds Mr. Mohit Kumar Agarwal, who resigned from the role effective July 15, 2026. Ms. Jorway’s proposed remuneration includes a fixed salary of up to ₹10 lakh per annum, subject to statutory limits under Schedule V of the Companies Act, 2013. Ms. Priyanka Dabkara was also re-appointed as a Non-Executive Non-Independent Director.

Financial Performance in FY26

The company’s standalone revenue from operations fell 49.3% to ₹8,337.19 lakh from ₹16,461.47 lakh in FY25. This contraction, coupled with increased depreciation expenses of ₹2,301.89 lakh (standalone), led to a standalone profit before tax of negative ₹748.99 lakh, compared to a positive ₹1,650.26 lakh in the prior year. The consolidated figures showed a more pronounced impact, with total revenue falling from ₹42,406.59 lakh in FY24 to ₹10,504.26 lakh in FY25, resulting in a consolidated net loss of ₹1,658.19 lakh.

Management attributed the loss to external factors including sharp volatility in carbon credit prices, general economic pressures, and a protracted slowdown in the global voluntary carbon market. However, Q2 FY26 saw revenues of ₹35 crore, indicating underlying business potential as market activity improved.

Strategic Demerger and Market Outlook

A landmark development in FY26 was the continued advancement of the strategic demerger process under Sections 230–232 of the Companies Act, 2013. The proposed separation of the Generation Segment into EKI One Community Projects Ltd., a wholly owned subsidiary, aims to create two focused entities: EKI Energy Services as a climate solutions advisory powerhouse, and EKI One dedicated to project-based carbon credit generation. This structural change is expected to unlock shareholder value through improved operational efficiency and sharper capital allocation.

What the Numbers Show

The divergence between revenue decline and margin stability highlights the company’s cost optimization efforts. While revenue plummeted by nearly 80% on a consolidated basis, operating expenses were managed tightly, preventing a larger absolute loss. The company’s strong liquidity position, with significant cash and bank balances, provides a buffer against further market volatility. The shift towards high-integrity, compliance-driven carbon markets, particularly with India’s Carbon Credit Trading Scheme (CCTS) entering its active phase, presents a long-term opportunity for EKI’s expertise in MRV (Measurement, Reporting, and Verification) and advisory services.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0CPR01018/be22b191-e04b-4c04-86de-e47a15130650.pdf