Empower India Limited confirmed September 23, 2026 as the record date for its 44th annual general meeting (AGM), scheduled for September 30 in Mumbai. The board also approved the reappointment of director Satyawan Jankar and the appointment of M/s. Nagadheep Sathyanarayana & Co. as statutory auditor.

Board Approvals

The meeting focused on regulatory compliance and shareholder approvals for the financial year ended March 31, 2026. The board approved the notice and director’s report for the ensuing AGM. Pursuant to Regulation 42 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company intimated the record date and e-voting period to BSE Limited.

Director Re-Appointment

Satyawan Jankar (DIN: 10711274) is liable to retire by rotation. His reappointment requires shareholder approval at the AGM. He brings over seven years of experience in finance and management, with no inter-se relationship with other board members. He is not debarred from holding office by any SEBI order or other authority.

Statutory Auditor Appointment

The board appointed M/s. Nagadheep Sathyanarayana & Co., Chartered Accountants (FRN: 008003S), as the statutory auditor for five consecutive years, from FY27 through FY31. This appointment also requires shareholder ratification at the AGM. The firm provides statutory audits, taxation, and management consulting services.

AGM Logistics

The 44th Annual General Meeting for FY25-26 is scheduled for September 30, 2026, at 9:00 am in Mumbai. Remote e-voting will commence on September 27, 2026, at 9:00 am and conclude on September 29, 2026, at 5:00 pm. The cut-off date for e-voting eligibility is September 23, 2026. M/s. Hemang Satra & Associates has been appointed as the scrutinizer for the meeting.

Empower India Limited announced its strategic expansion into sustainable digital infrastructure solutions on September 7, 2026. The company stated it is positioned to benefit from the rapid development of India's artificial intelligence computing ecosystem.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director and CFO Rajesh Chavan signed the release.

Strategic Context

The Government of India's IndiaAI Mission, announced in 2024, carries an allocation of ₹10,371.92 crore. This initiative aims to accelerate the development of the country's AI ecosystem through investments in computing capacity, data infrastructure, and applications.

India has onboarded over 38,000 GPUs under this framework. The government plans to add an additional 20,000 GPUs, signaling a significant expansion in national AI computing infrastructure.

Infrastructure Demand Drivers

The scale-up of AI computing is driving demand for modern data centers, high-performance computing, power infrastructure, and energy-efficient cooling solutions. India's data-center capacity is projected to increase nearly fourfold:

This growth creates requirements for supporting infrastructure capable of handling higher computing densities while optimizing power consumption and cooling.

Business Opportunities

Empower India identified specific areas where it expects to benefit from this sector growth:

• Energy-efficient data-center infrastructure for modern workloads
• Power optimization and reliable power systems for continuous uptime
• Advanced cooling and thermal-management solutions for heat-intensive hardware
• Sustainable infrastructure for high-density computing aligned with green energy goals

Mr. Rajesh Chavan stated that India's AI infrastructure expansion presents a strong growth opportunity for sustainable digital infrastructure. He noted that Empower India's foray into this sector is well positioned to benefit from rising demand for energy-efficient, reliable, and scalable infrastructure.

About Empower India Limited

Incorporated in 1981, Empower India Limited is traded on both the NSE and BSE. The company is focused on building capabilities aligned with India's evolving technology and digital infrastructure landscape. It aims to develop scalable solutions supporting AI adoption, digitalization, and the transition towards a sustainable energy ecosystem.