Globus Power Generation Limited has fixed September 18, 2026 as the record date for its 41st Annual General Meeting (AGM). The meeting is scheduled for Friday, September 25, 2026, at 11:00 am via Video Conferencing or Other Audio Visual Means (OAVM).

The company notified the Bombay Stock Exchange on August 31, 2026, regarding the submission of the Notice of the 41st AGM and the Annual Report for the financial year 2025-26. This disclosure complies with Regulations 30 and 34 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Meeting Details

Agenda Items

The AGM will transact ordinary business, including the adoption of the Annual Audited Financial Statements for FY26 and the reappointment of retiring director Mr. Abhay Khanna by rotation.

Special business includes:

• Reappointment of Mr. Abhay Khanna (DIN: 02153655) as Whole-Time Director for five years, effective August 11, 2026, to August 10, 2031.
• Approval of related-party transactions with M/s Transtech Green Power Private Limited up to ₹10 crore for FY27.

Financial Performance

The Annual Report for FY26 discloses zero total revenue for both FY26 and FY25. The company reported a loss before tax and exceptional items of ₹51.06 crore in FY26, compared to a loss of ₹48.40 crore in FY25. Profit after tax and exceptional items stood at a loss of ₹12.81 crore in FY26, versus a profit of ₹354.13 crore in FY25.

E-Voting and Logistics

Remote e-voting will be open from Tuesday, September 22, 2026, at 10:00 am to Thursday, September 24, 2026, at 5:00 pm. Shareholders can access the facility via NSDL e-voting system. The register of members will remain closed from September 19 to September 25, 2026.

The notice was signed by Nisha Valechani, Company Secretary & Compliance Officer.

Globus Power Generation Limited reported a net loss of ₹3.29 lakh for the quarter ended June 30, 2026 (Q1FY27), against zero revenue from operations. The loss narrowed by 17% year-over-year from ₹3.98 lakh in Q1FY26, driven primarily by a rise in exceptional items rather than operational improvement. Despite the reduced bottom-line deficit, total operating expenses increased to ₹16.47 lakh from ₹13.79 lakh in the corresponding period last year, highlighting continued cash burn in the absence of core business activity.

The Board of Directors approved the unaudited financial results during a meeting held on August 11, 2026, via virtual video conferencing. The results were reviewed under Regulation 33 and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory auditors DR & Associates Chartered Accountants issued a limited review report in accordance with Standard on Review Engagement (SRE) 2410, confirming no material misstatement in the financial statements.

Financial Performance

The company generated no revenue from operations or other income during the quarter. Total expenses stood at ₹16.47 lakh, comprising employee benefit expenses of ₹7.81 lakh and other expenses of ₹8.67 lakh. Before exceptional items, the company incurred an operating loss of ₹16.47 lakh. Exceptional items contributed ₹13.18 lakh, reducing the pre-tax loss to ₹3.29 lakh. With no tax expense, the net loss after tax remained at ₹3.29 lakh.

Leadership Continuity

The Board approved the re-appointment of Abhay Khanna (DIN: 02153655) as Whole-Time Director for a five-year term, commencing August 11, 2026, and ending August 10, 2031. The appointment, based on the recommendation of the Nomination & Remuneration Committee, is subject to shareholder approval at the ensuing Annual General Meeting. Khanna, who holds a graduation degree from Purdue University, USA, brings extensive experience in Telecom, Infrastructure, and Power sectors, including setting up bio-mass and wind power generation projects.

It was confirmed that Khanna is not debarred from holding the office of director by SEBI or any other authority. The detailed disclosure regarding his re-appointment was made in accordance with SEBI Master Circular No. SEBI/ HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

What the Numbers Show

The financial data reveals a company currently devoid of operational revenue, relying entirely on exceptional items to mitigate its quarterly losses. While the net loss decreased year-over-year due to higher exceptional income (₹13.18 lakh vs ₹9.80 lakh), the underlying operational deficit widened, with total expenses rising to ₹16.47 lakh from ₹13.79 lakh in the same quarter last year. This divergence highlights that the improvement in bottom-line figures is non-operational, driven by one-off gains rather than core business activity.