Energy Development Company Ltd held its 31st Annual General Meeting (AGM) on September 26, 2026, at the Harangi Hydro Electric Project in Kodagu, Karnataka. The meeting, chaired by Nitin Dutt Sharma, covered the adoption of financial statements for the fiscal year ended March 31, 2026.

The proceedings included the transacting of ordinary and special business items as outlined in the AGM notice. Members participated through video conferencing or other audio-visual means alongside the physical venue. Remote e-voting facilities were available from September 23 to September 25, 2026, with additional e-voting options during the meeting itself.

Key resolutions passed

The shareholders approved the following items during the session:

• Adoption of Financial Statements: The audited standalone and consolidated financial statements for FY26, along with the Board of Directors' and Auditors' reports, were adopted.
• Re-appointment of Director: Ms. Disha Kumari Singh (DIN: 09092385), who retired by rotation, was re-appointed as a director after being found eligible.
• Ratification of Auditor Remuneration: The remuneration payable to the cost auditors for the financial year ending March 31, 2027, was ratified.

Voting and results declaration

The company informed members that voting results would be declared on or before September 30, 2026. These results will be available on the company's website and the National Securities Depository Limited (NSDL) website. Additionally, the outcomes will be submitted to the stock exchanges where the shares are listed.

The meeting concluded at 2:15 pm following the Chairperson's vote of thanks to the attending members.

Energy Development Company has scheduled its 31st Annual General Meeting for Saturday, September 26, 2026. The hybrid event will be held at the company’s registered office in Kodagu, Karnataka, with remote participation available via video conferencing.

The meeting aims to transact ordinary business, including the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. Shareholders will also vote on the re-appointment of Ms. Disha Kumari Singh as a non-executive director.

Special Business Agenda

A key item on the special business agenda is the ratification of remuneration for cost auditors. The Board seeks approval for M/s. N. Radhakrishnan & Co. to conduct the audit of cost records for the financial year ending March 31, 2027. The approved remuneration stands at ₹60,000, plus applicable taxes and reimbursement of out-of-pocket expenses.

Voting and Record Dates

The register of members and share transfer books will remain closed from Monday, September 21, 2026, to Saturday, September 26, 2026. Only shareholders recorded in the register as on September 19, 2026, are eligible to vote.

Remote e-voting is open from September 23, 2026, to September 25, 2026. Members who exercise their voting rights remotely may attend the meeting but cannot vote again during the live session.

What the Numbers Show

The disclosure highlights a structured governance process for a specialized infrastructure entity. The relatively modest cost auditor fee of ₹60,000 suggests focused operational auditing requirements, typical for hydroelectric projects with established compliance frameworks. The re-appointment of a director with no shareholding indicates a reliance on external oversight rather than promoter-aligned board composition.