The promoter group of energy development company Limited, comprising Sarvottam Caps Private Limited and other members, holds a 58.139% stake in the company. The group collectively owns 2,76,16,041 equity shares as on 31 March 2026. This disclosure confirms that no encumbrance was created on any of these shares during the financial year ended 31 March 2026.

Sarvottam Caps Private Limited submitted the declaration to the National Stock Exchange of India Limited and BSE Limited. The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The document was signed by Satyendra Pal Singh, Director of Sarvottam Caps Private Limited.

Shareholding Breakdown

The detailed shareholding pattern of the promoter group as on 31 March 2026 is outlined below:

The declaration explicitly states that neither the promoters nor persons acting in concert have made any direct or indirect encumbrance on these shares during the specified financial year.

Energy Development Company Limited reported an audited consolidated net loss of ₹1,375.50 lakh for the year ended 31st March, 2026, with statutory auditors issuing an adverse opinion on the financial results. The auditors, ALPS & Co., stated that the consolidated financial results do not give a true and fair view due to the significance of several matters, including the non-consolidation of financial results for two subsidiary companies and an associate company. The Board of Directors approved the results at a meeting held on 28th May, 2026.

The adverse opinion stems from the non-consolidation of financial results for Eastern Ramganga Valley Hydel Projects Company Private Limited, Sarju Valley Hydel Projects Company Private Limited, and associate company Arunachal Hydro Power Limited. The auditors noted that the impact of this non-consolidation is presently not ascertainable. Furthermore, the report highlighted outstanding trade receivables of ₹198.24 lakh, a loan of ₹586.50 lakh, and interest accrued of ₹3.05 lakh, which are doubtful of recovery. In the absence of provisions against these amounts, the loss for the year is understated.

Significant tax liabilities also contributed to the adverse opinion. The Parent Company faces demand notices, excluding interest and penalty, aggregating to ₹18,939.44 lakh pertaining to Income Tax Assessment Orders for Assessment Years 2011-2012 to 2020-2021. The amount of interest and penalty in this respect aggregates to ₹24,047.65 lakh till 31st March, 2026. While the company has filed appeals and the demands are stayed, the consequential impact is presently not ascertainable. Additionally, a subsidiary company has not provided for interest of ₹792.81 lakh on a loan of ₹2,000.00 lakh, further understating the loss.

The standalone financial results also received an adverse opinion, primarily due to the impairment in the value of investments aggregating to ₹5,600.00 lakh in two wholly-owned subsidiaries. The auditors noted that the terms of repayment for outstanding loans of ₹3,007.08 lakh to these subsidiaries have not been determined. The standalone net loss for the year was reported at ₹1,179.49 lakh. The company stated that it considers these investments to be strategic in nature and has not determined the impairment pending finalization.

Financial Performance

The company reported a total income of ₹1,158.72 lakh for the quarter ended 31st March, 2026, compared to ₹354.53 lakh in the previous quarter. For the full year, total income stood at ₹4,771.22 lakh, a decrease from ₹5,424.11 lakh in the previous year. Total expenses for the year were ₹6,021.65 lakh, up from ₹4,385.05 lakh in the prior year. The basic earnings per share for the year was a negative ₹2.90.