GK Energy Limited declared the results of its postal ballot on May 09, 2026, confirming the passage of a Special Resolution for the appointment of Mr. Subhash Vasant Ghaisas (DIN: 11479724) as Non-Executive Independent Director of the Company. The resolution was put to vote through remote e-voting as per the Postal Ballot Notice dated April 07, 2026, and was scrutinized by Avanti Rajwade, Practicing Company Secretary, whose report is dated May 09, 2026.

Voting Process and Timeline

The remote e-voting window commenced at 09:00 A.M. (IST) on Thursday, April 09, 2026 and concluded at 05:00 P.M. (IST) on Friday, May 08, 2026. The cut-off date for determining shareholders entitled to vote was April 03, 2026, on which date the total number of shareholders on record stood at 50804. The Postal Ballot Notice was dispatched electronically to members on April 08, 2026, and an advertisement was published on April 09, 2026 in Financial Express (English) and Loksatta (Marathi) newspapers. Remote e-voting facilities were provided by MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited).

Voting Results — Special Resolution

The Special Resolution for the appointment of Mr. Subhash Vasant Ghaisas as Non-Executive Independent Director was passed with an overwhelming majority. The detailed category-wise voting outcome is presented below:

Of the total 177082274 votes polled, 177082037 votes (99.9999%) were cast in favour of the resolution and 237 votes (0.0001%) were cast against. No invalid votes were recorded. Voting was conducted exclusively through remote e-voting; no votes were cast through poll or physical postal ballot by any category of shareholders.

Details of the Appointment

The key terms of Mr. Ghaisas's appointment as approved through the Special Resolution are as follows:

Mr. Ghaisas was initially appointed as an Additional Non-Executive Independent Director with effect from February 13, 2026, by the Board of Directors on the recommendation of the Nomination and Remuneration Committee. He has submitted a declaration confirming that he meets the criteria for independence as provided under Section 149(6) of the Companies Act, 2013 and the applicable Listing Regulations.

Scrutinizer's Findings

Avanti Rajwade, Practicing Company Secretary (Membership No. A30219, CP No. 20728), was appointed as Scrutinizer by the Board of Directors to oversee the remote e-voting process in a fair and transparent manner. Based on the scrutiny of votes generated from the e-voting system of MUFG Intime India Private Limited, the Scrutinizer confirmed that Item No. 1 of the Postal Ballot Notice has been passed with the requisite majority as a Special Resolution. The electronic data and all relevant records relating to e-voting are to be handed over to Mr. Shubham Suresh Jain, Company Secretary and Compliance Officer, for safe keeping as provided under the applicable provisions of the Companies Act, 2013.

GK Energy Limited has secured a significant Letter of Empanelment (LoE) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the deployment of 15,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) across the state of Maharashtra. The empanelment, disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, carries a total value of ₹353.89 Crores, inclusive of GST. The announcement was made on May 06, 2026, and was communicated to both the National Stock Exchange of India Limited and BSE Limited.

Order Overview and Scope

The empanelment covers the design, manufacture, supply, transport, installation, testing, and commissioning of off-grid DC solar photovoltaic water pumping systems under the state government's Magel Tyala Saur Krushi Pump Yojana scheme. The 15,000 pumps span three capacity variants — 3 HP, 5 HP, and 7.5 HP — catering to agricultural water pumping needs across Maharashtra. The contract is classified as a one-time domestic order, with no promoter or promoter group interest in the awarding entity, and does not constitute a related party transaction.

The following table summarises the key details of the empanelment as disclosed:

Execution and Compliance

The entire scope of 15,000 solar pumping systems is required to be executed within 60 days from the date of issuance of the Work Order or Notice to Proceed (NTP). The disclosure was made in compliance with Regulation 30 read with Para B of Part A of Schedule III of the SEBI Listing Regulations, as well as SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The announcement was signed by Shubham Suresh Jain, Company Secretary and Compliance Officer (Membership No. A76578), on behalf of the Board of Directors from Pune.