Gita Renewable Energy Limited has dispatched letters providing a web-link for accessing its Annual Report for the financial year ended March 31, 2026. This communication targets shareholders who have not registered their e-mail addresses with the Company, Depository Participants, or Registrar and Transfer Agent.

The move complies with Regulation 36(1)(b) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Shareholders with registered e-mail addresses received the notice and report electronically as of August 28, 2026.

Corporate Governance Update

The company informed the BSE Limited on September 3, 2026, regarding this dispatch. Santhana Magesh, Company Secretary and Compliance Officer, signed the intimation. The bulk mail was handed over to the Department of Posts at BPC Anna Road, Chennai, on September 1, 2026.

Investor Action Required

Shareholders are urged to register missing KYC details in their folios. Prescribed forms with supporting documents can be submitted or downloaded from the company website and the Registrar and Transfer Agent, Cameo Corporate Services Limited.

Investors may also use the WISDOM portal for faster redressal of queries. The 16th Annual General Meeting is scheduled for September 25, 2026, at 4:00 pm through Video Conferencing or Other Audio Visual Means.

Gita Renewable Energy reported a net loss of ₹1.21 lakh for the financial year ended March 31, 2026, a sharp improvement from the ₹39.27 lakh loss recorded in FY25. The company generated zero revenue from operations during the period, marking a complete halt in core business earnings compared to ₹5.60 lakh in the previous year.

The turnaround in profitability was driven by a surge in other income, which rose 181% year-on-year to ₹32.24 lakh from ₹11.45 lakh. This increase was primarily fueled by intraday trading profits of ₹27.60 lakh and interest income of ₹7.31 lakh. These gains helped offset total expenses of ₹31.96 lakh, which included employee benefit costs of ₹11.58 lakh and other operational expenses of ₹20.38 lakh.

What the Numbers Show

The company’s financial profile reveals a heavy reliance on non-operating activities. With zero revenue from operations, other income accounted for 100% of the company's total revenue of ₹32.24 lakh. This structural shift indicates that the entity is currently functioning more as an investment holding vehicle than an active renewable energy operator, with intraday trading profits constituting the bulk of its inflows.

Balance Sheet and Liquidity

As of March 31, 2026, the company held cash and cash equivalents of ₹22.12 lakh, up from ₹13.15 lakh in the prior year. Total assets stood at ₹1,346.13 lakh, dominated by non-current financial assets including investments of ₹576.76 lakh and long-term loans and advances of ₹746.17 lakh. The company reported no outstanding borrowings, maintaining a debt-free balance sheet with total equity at ₹1,296.14 lakh.

AGM Agenda and Corporate Actions

Shareholders will convene for the 16th Annual General Meeting on September 25, 2026, via video conferencing. The meeting agenda includes several special resolutions aimed at enhancing financial flexibility and governance compliance:

• Borrowing Powers: Seeking approval to increase borrowing limits to ₹200 crore under Section 180(1)(c) of the Companies Act, 2013.
• Investment Thresholds: Authorizing the board to provide loans, guarantees, and investments up to ₹200 crore under Section 186.
• Director Appointments: Appointing Mr. Emmanuel as an Independent Director and reappointing Mr. Sankaran Sivasailapathi for a second five-year term.
• Constitutional Updates: Adopting new Memorandum and Articles of Association to align with the Companies Act, 2013, including adding objects related to operations and management services.

The book closure period is set from September 19, 2026, to September 25, 2026. Remote e-voting will be available from September 22, 2026, to September 24, 2026.