GVK Power & Infrastructure has dispatched the notice for its 32nd Annual General Meeting (AGM), confirming the event will be held on Wednesday, September 30, 2026, at 11:30 am via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The company remains under the Corporate Insolvency Resolution Process (CIRP).

The notice was sent electronically on Tuesday, September 8, 2026, to members with registered email addresses. Remote e-voting commences on Friday, September 25, 2026, at 9:00 am and concludes on Monday, September 28, 2026, at 5:00 pm. The record date for voting eligibility is Tuesday, September 22, 2026.

The agenda includes ordinary business items such as the adoption of audited financial statements for FY26 and the re-appointment of Dr GVK Reddy as a director by rotation. A special resolution seeks to re-appoint P V Prasanna Reddy as Whole-time Director for three years without remuneration, effective November 14, 2026.

Financial Performance Overview

The company reported a consolidated net loss of ₹13,826.9 crore for FY26, a significant shift from the net profit of ₹5,976.6 crore in the previous year. Consolidated revenue from operations fell 90% to ₹805.3 crore, down from ₹8,021.6 crore in FY25. This decline was driven by the deconsolidation of key subsidiaries, including GVK Energy Limited, following their admission into CIRP.

At the standalone level, the company incurred a net loss of ₹10,393.1 crore, compared to a negligible loss of ₹32 lakh in FY25. Standalone revenue was nil, as operational income ceased. The substantial standalone loss was primarily due to an impairment of deemed investment amounting to ₹8,412.0 crore and advances written off totaling ₹1,969.0 crore related to GVK Energy Limited.

Governance and Insolvency Status

The company’s Board of Directors powers remain suspended under Section 17 of the Insolvency and Bankruptcy Code, with management vested in the Resolution Professional (RP), Mr Satish Kumar Gupta. Consequently, statutory committees including the Audit Committee are inoperative. All independent directors resigned during the period.

The statutory auditors, M/s T R Chadha & Co LLP, have issued a disclaimer of opinion on both standalone and consolidated financial statements. The auditors cited significant uncertainties regarding the going concern basis, pending litigation, and unquantified liabilities arising from corporate guarantees provided to associates like GVK Coal Developers (Singapore) Pte Ltd.

What the Numbers Show

The financial results highlight a structural shift rather than operational performance. With consolidated revenue dropping 90% and net worth turning negative at (₹2,178.9 crore), the group's asset base has significantly contracted. The deconsolidation of GVK Energy Limited and its subsidiaries removed ₹40,730.9 crore in assets and ₹30,315.1 crore in liabilities from the balance sheet, recognizing an exceptional loss of ₹10,415.8 crore. This indicates that the remaining consolidated entity is largely a holding structure managing residual assets and complex guarantee liabilities amidst the ongoing insolvency process.

GVK Power & Infrastructure board of directors met on August 28, 2026 to approve the company’s 32nd Annual General Meeting (AGM) and key management re-appointments.

The infrastructure firm, currently under Corporate Insolvency Resolution Process (CIRP), scheduled its AGM for Wednesday, September 30, 2026. The meeting will consider and adopt the audited financial statements for the fiscal year ended March 31, 2026.

Corporate Actions and Governance

The register of members and share transfer registers will remain closed from September 28, 2026 to September 30, 2026 (both days inclusive) to determine eligibility for the AGM, in accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Re-appointments

The board approved the re-appointment of Mr. P. V. Prasanna Reddy as Whole-time Director for a further period of three years. His tenure will commence on November 14, 2026, subject to shareholder approval. Mr. Reddy, who has over 40 years of experience in business management, is not related to any other directors or key managerial personnel of the company.

Auditor Continuity

The company also approved the re-appointment of T R Chadha & Co LLP as its statutory auditors. The firm will hold office for five years, commencing from the conclusion of the 32nd AGM until the conclusion of the 37th AGM, subject to shareholder approval. T R Chadha & Co LLP confirmed its eligibility under Sections 139 and 141 of the Companies Act, 2013.