Hitachi Energy India Limited has scheduled its seventh Annual General Meeting (AGM) for August 28, 2026, at the Sheraton Grand Bangalore Hotel in Bengaluru. The meeting aims to approve a final dividend of ₹8.00 per equity share for the financial year ended March 31, 2026, alongside critical governance resolutions including director re-appointments and employee incentive plans. Shareholders holding shares as of the record date, August 21, 2026, are eligible to receive the dividend, which represents a 400% return on the face value of ₹2.00 per share.

The company published the AGM notice in The Hindu Business Line and Vijaya Karnataka on August 1, 2026, pursuant to Regulation 47 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. This filing confirms the timeline for remote e-voting and outlines the procedural framework for shareholder participation. The Integrated Annual Report for FY25-26, including the Business Responsibility and Sustainability Report, is available for download on the company’s website and stock exchange portals.

Voting Procedures and Timeline

Hitachi Energy India Limited has enabled remote e-voting through KFin Technologies Limited to facilitate broad shareholder engagement. The e-voting window opens on August 24, 2026, at 9:00 a.m. (IST) and closes on August 27, 2026, at 5:00 p.m. (IST). Members who cast their votes electronically cannot vote again at the physical venue. Those who do not vote remotely may exercise their rights during the physical meeting. A one-way live webcast of the proceedings will be available on the KFin website.

Strategic Resolutions and Governance

A key special resolution seeks shareholder consent for the company to participate in the global Hitachi Group Employee Stock Purchase Plan (ESPP) and Restricted Stock Units Plan (RSU). Under the ESPP, eligible employees can contribute up to JPY 100,000 per month from their net salary to purchase shares of Hitachi Ltd, Japan. The company will provide financial assistance equal to 15% of the participant’s contribution, constituting financial assistance under Section 67 of the Companies Act, 2013. The aggregate value of this assistance must not exceed 5% of the company’s aggregate paid-up share capital and free reserves.

As of March 31, 2026, Hitachi Energy India Limited’s paid-up share capital stood at ₹8.91 Crores, with free reserves of ₹5,168.42 Crores. This sets a maximum assistance limit of ₹258.87 Crores. The RSU plan replaces the existing cash-based Long-Term Incentive Plan (LTIP), granting restricted stock units to senior management that vest over three annual tranches. Unlike the ESPP, the RSU does not involve direct financial assistance; instead, the value of granted units is cross-charged to the company as part of remuneration costs.

Tax Implications and Shareholder Actions

For tax purposes, resident individual shareholders with total dividend income not exceeding ₹10,000 in the financial year 2026-27 are exempt from Tax Deducted at Source (TDS). Others must submit Form No. 121 by August 14, 2026, if they are not liable to pay income tax. Non-resident shareholders claiming benefits under Double Tax Avoidance Agreements (DTAA) must submit relevant documentation, including Tax Residency Certificates, by the same deadline to avoid higher withholding tax rates. The Board also seeks approval for the re-appointment of Mr. Ismo Antero Haka as a Non-Executive, Non-Independent Director and the ratification of remuneration for cost auditors M/s. Ashwin Solanki & Associates.

Hitachi Energy India Limited submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 to the Bombay Stock Exchange and the National Stock Exchange of India on July 31, 2026. The filing, compliant with Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reveals significant environmental progress, including a 74% reduction in Scope 1 and Scope 2 greenhouse gas emissions against a 2019 base year. This decarbonization milestone supports the company’s broader net-zero trajectory and underscores its operational efficiency amidst a turnover of ₹8,147.71 crore.

The report covers standalone operations from April 1, 2025, to March 31, 2026, and was independently assured by SGS India Pvt. Ltd. at a reasonable level of assurance. Hitachi Energy India Limited, incorporated on February 19, 2019, is headquartered in Bengaluru and holds a paid-up capital of ₹8,91,44,726, divided into 4,45,72,363 equity shares. Hitachi Energy Ltd. remains the holding entity with a 71.31% stake.

Environmental Performance Highlights

The company achieved 100% renewable electricity across its operations and reduced energy intensity by 55%. Water management saw an 11% reduction in absolute consumption and a 65% drop in water intensity per crore rupees of revenue. Waste management performance included a 99% recycling rate and an 82% reduction in waste disposed to landfill or incineration.

Key facilities received Platinum-level Zero Waste to Landfill certification from SGS India Pvt. Ltd., including the Halol and Mysore plants. The Halol facility also holds a Water Positive certification. Specific waste recycling figures for the period include 64.94 MT of plastic, 16.63 MT of e-waste, 462.30 MT of hazardous waste, and 8,329 MT of non-hazardous waste.

Workforce and Social Metrics

As of March 31, 2026, the workforce comprised 2,281 employees and 1,297 workers. Women constitute 13% of total employees and 6% of total workers. The Board of Directors includes two female members, representing 33.33% of the board. The company reported a 44% improvement in Lost Time Injury Frequency Rate (LTIFR) compared to the previous year, with no fatalities or high-consequence injuries recorded. All eight manufacturing sites are certified under ISO 45001:2018.

Governance and CSR Initiatives

Governance is overseen by an ESG Committee chaired by Ms. Meena Ganesh. The company reported zero incidents of corruption or bribery and maintained 100% employee coverage under ethics training. Corporate Social Responsibility expenditure was directed across 10 states, with notable allocations including ₹11.04 million in Telangana and ₹8.98 million in Gujarat. Flagship initiatives include the 'Women in Engineering' program, supporting approximately 250 girl students across eight states.