Hitachi Energy India Limited board approved a postal ballot to seek shareholder consent for material related party transactions with its global affiliates.

The Board of Directors held its meeting on August 28, 2026, to consider and approve the issuance of the Postal Ballot Notice. The transactions involve Hitachi Energy Sweden AB, Hitachi Energy USA Inc, and Hitachi Energy Ltd., Switzerland.

Regulatory Compliance

The company stated that the approval is subject to the shareholders' acceptance via the postal ballot process. This action is taken pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The notice for the Postal Ballot, along with other required information under the Companies Act, 2013 and SEBI Listing Regulations, will be published in due course.

Meeting Details

The board meeting commenced at 2:54 pm and concluded at 6:54 pm. Poovanna Ammatanda, General Counsel and Company Secretary, signed the disclosure.

Hitachi Energy India Limited concluded its seventh annual general meeting on August 28, 2026, with shareholders approving all five resolutions tabled for consideration.

The meeting, held at the Sheraton Grand Bangalore Hotel, saw strong participation from institutional investors and the promoter group. Shareholders voted in favor of adopting the financial statements for FY26, declaring a dividend, and reappointing Chairman Ismo Antero Haka.

Voting Outcomes

The voting process included remote e-voting and InstaPoll facilities during the meeting. The promoter group, Hitachi Energy Ltd., holding 71.31% of the paid-up equity share capital, voted in favor of all resolutions.

Strategic Outlook and Investments

During the proceedings, Chairman Ismo Antero Haka highlighted India's energy sector milestones, noting that non-fossil fuel sources accounted for 50% of installed electricity capacity by June 2025. He emphasized the company's commitment to supporting India's transition to a clean energy future through infrastructure development.

Hitachi Energy India reaffirmed its capital expenditure commitment of ₹4,000 crore, which includes a new greenfield large power transformer facility in Karjan, Vadodara. This investment aims to address supply chain shortages and meet domestic demand. The company previously raised approximately ₹2,521 crore through a Qualified Institutional Placement (QIP) in March 2025 to support these growth initiatives.

Governance and Compliance

The meeting was scrutinized by Pramod S. M., a practicing company secretary from BMP & Co. LLP, who certified the e-voting process as fair and transparent. All statutory registers and documents were available for inspection during the AGM, as required under Regulation 30 of the SEBI Listing Regulations.

What the Numbers Show

The voting data reveals a distinct divergence between institutional and public shareholder sentiment on the special resolution regarding employee stock plans. While the promoter group voted unanimously in favor, public institutional shareholders cast 48.54% of their votes against the resolution. Despite this significant dissent from institutions, the resolution passed comfortably due to the promoter's controlling stake and overwhelming support from non-institutional public shareholders, who voted 93.28% in favor.