Epic Energy has scheduled its 35th Annual General Meeting for September 22, 2026. The board approved the dates during a meeting held on August 21, 2026. The event will be conducted through video conferencing or other audio-visual means as permitted by regulatory circulars.

The company announced that the Register of Members and Share Transfer Register will remain closed from September 16, 2026, to September 22, 2026. This closure is to determine shareholders eligible for voting at the upcoming annual meeting.

Meeting Details

The Board of Directors convened on Friday, August 21, 2026, to finalize the logistics for the annual gathering. The session began at 1:15 pm and concluded at 1:50 pm. Sandipkumar Gupta, the Company Secretary and Compliance Officer, signed the disclosure.

The decision was made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company’s registered office is located in Vile Parle, Mumbai.

Epic Energy Limited reported a 133% year-on-year increase in consolidated revenue to ₹248.93 lakh for the quarter ended June 30, 2026, but saw net profit drop 65% to ₹2.39 lakh. The Board of Directors approved the unaudited financial results on August 11, 2026, under Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company’s statutory auditors, NGST & Associates, conducted a limited review of the financial statements.

Consolidated revenue from operations stood at ₹248.88 lakh, up from ₹106.22 lakh in the corresponding quarter of the previous year. Standalone revenue was ₹243.33 lakh, compared to ₹104.02 lakh in Q1FY26. The growth was primarily fueled by the Renewable Energy Solutions segment, which contributed ₹243.33 lakh to standalone revenue. The EV Charging Infrastructure segment contributed ₹5.55 lakh in consolidated revenue, while Power Saving Solutions reported no revenue for the quarter.

Net profit after tax declined to ₹2.39 lakh from ₹6.90 lakh in the same quarter last year. Standalone net profit fell to ₹2.83 lakh from ₹11.03 lakh. The decline in profitability occurred despite higher revenues, as total expenses rose to ₹246.67 lakh (consolidated) from ₹99.98 lakh in the prior year period. Cost of materials consumed increased significantly to ₹217.03 lakh from nil in the previous year’s comparable quarter.

Segment Performance

The Renewable Energy Solutions segment remained the primary driver of income, generating ₹243.33 lakh in standalone revenue with a segment result before tax and interest of ₹2.72 lakh. In the consolidated view, this segment also reported ₹243.33 lakh in revenue. The EV Charging Infrastructure segment incurred a loss of ₹0.51 lakh in the consolidated result, compared to a loss of ₹4.67 lakh in the previous year. The Power Saving Solutions segment reported no revenue or result for the quarter.

What the Numbers Show

The sharp divergence between revenue growth and profit contraction highlights margin pressure during the quarter. While revenue more than doubled year-on-year, gross margins compressed as cost of materials consumed surged to ₹217.03 lakh against zero in the prior year. This suggests that the new projects contributing to revenue growth are currently operating at lower margins or involve higher upfront capitalization costs. The company noted that two solar energy generation projects (1.3 MWp in Maharashtra and 3.5 MWp in Gujarat) are under implementation and expected to be commissioned by end of Q3 FY27.

Operational Updates

Epic Energy is implementing a Battery Recycling Project of 8 TPD at Wada, Maharashtra, along with a Second Life Battery Assembly Line of 10 MWh per month. This project, approved by the Government of India under the National Critical Minerals Mission, is expected to be partially commissioned in September 2026. Revenues from this initiative are projected to start accruing by Q3 FY27. The company continues to provide sustainable energy solutions including rooftop solar power plants, solar EPC, energy audits, and LED retrofitting.