Fujiyama Power Systems schedules 9th AGM for September 25, 2026
- Fujiyama Power Systems schedules its 9th AGM for September 25, 2026, via video conferencing
- Shareholders to approve adoption of FY26 audited financial statements and reappointment of Director Sunil Kumar
- Special resolution proposed to alter Articles of Association regarding director retirement by rotation
- M/s Raghav Bansal & Associates appointed as Secretarial Auditor for five years starting FY27
*this image is generated using AI for illustrative purposes only.
Fujiyama Power Systems Limited dispatched the notice for its ninth Annual General Meeting and the Annual Report for FY26 to shareholders on September 2, 2026. The company sent physical letters to members who have not registered their email addresses with the registrar or depository participants.
The communication includes a web link for accessing the full annual report and the meeting notice. This action complies with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
AGM Schedule and Logistics
The 9th Annual General Meeting will be held on Friday, September 25, 2026, at 4:30 pm through Video Conferencing or Other Audio Visual Means. The cut-off date for determining eligible members is Friday, September 18, 2026.
Remote e-voting will commence on Tuesday, September 22, 2026, at 9:00 am and end on Thursday, September 24, 2026, at 5:00 pm. MUFG Intime India Private Limited has been engaged to provide the remote e-voting facility.
Key Agenda Items
The AGM notice outlines several ordinary and special business resolutions for shareholder approval:
| Agenda Item | Description | Resolution Type |
|---|---|---|
| Adoption of Financials | Receive and adopt audited financial statements for FY26 | Ordinary |
| Director Re-appointment | Re-appointment of Mr. Sunil Kumar (DIN: 09824459) retiring by rotation | Ordinary |
| Secretarial Auditor | Appointment of M/s Raghav Bansal & Associates for five years (FY27-FY31) | Ordinary |
| Cost Auditor Fees | Fixation of remuneration of ₹40,000 per annum for M/s Chandrabhushan Kumar & Co. | Ordinary |
| Articles of Association | Alteration to include Joint Managing Directors in retirement by rotation pool | Special |
| Document Service Fees | Approval to charge members for Speed Post delivery of documents | Ordinary |
The Board recommends the appointment of M/s Raghav Bansal & Associates as Secretarial Auditors for a term of five consecutive financial years, commencing from FY27 till FY31. Remuneration will be determined by the Board based on Audit Committee recommendations.
Governance Changes
A special resolution seeks to alter Article XXIV(1) of the Articles of Association. The amendment aims to delete provisions exempting Joint Managing Directors from retirement by rotation. The new provision ensures that not less than two-thirds of the total number of directors are liable to retire by rotation, aligning the company's governance structure with standard practices under the Companies Act, 2013.
Mr. Sunil Kumar, who holds a Bachelor of Technology in electrical engineering from IIT Delhi and has over 25 years of experience in software engineering, is up for re-appointment. He currently holds 13,750,000 shares in the company and is related to Mr. Yogesh Dua.
Regulatory Compliance
The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations. Mayuri Gupta, Company Secretary and Compliance Officer, signed the intimation addressed to the listing departments of the National Stock Exchange of India Limited and BSE Limited.
The company, formerly known as Fujiyama Power Systems Private Limited, is headquartered in Delhi. The filing confirms that the digital access link was provided to ensure all eligible members can review the financial statements and governance documents ahead of the general meeting.
Historical Stock Returns for Fujiyama Power Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.08% | -2.74% | +14.17% | +131.22% | 0.0% | 0.0% |
How might the removal of the retirement-by-rotation exemption for Joint Managing Directors impact the long-term stability of Fujiyama Power's executive leadership structure?
What specific financial performance metrics from FY26 are shareholders likely to scrutinize most closely during the AGM, given the company's position in the power systems sector?
Could the approval to charge members for Speed Post document delivery signal a broader corporate strategy to reduce administrative overheads and improve operational efficiency?
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