Lalit Seth, a promoter of hpl electric & power , has declared that no new encumbrances were created on the company's shares during the financial year ended March 31, 2026. The disclosure confirms that neither Seth nor persons acting in concert with him have directly or indirectly pledged any shares other than those previously disclosed.

The declaration was submitted to the National Stock Exchange of India Ltd and BSE Limited under Regulation 31(4) of the Substantial Acquisition of Shares & Takeovers Regulations, 2011. This regulation requires promoters to inform the exchanges about any encumbrance on shares held by them or the promoter group.

The filing explicitly states that no fresh encumbrances were established during FY26 beyond those already reported in earlier financial disclosures. The document was signed by Lalit Seth in his capacity as Promoter of HPL Electric & Power Limited.

Copies of the disclosure have been forwarded to the Audit Committee of the company for their records. The company is headquartered at 1/20 Asaf Ali Road, New Delhi.

HPL Electric & Power Limited has completed the electronic dispatch of the postal ballot notice to seek shareholder approval for the re-appointment of Dr. (Mrs.) Rashmi Vij as an Independent Director for a second term of five years. The notice was sent on Friday, June 05, 2026, to members whose email addresses are registered with the company or depository participants as on the cut-off date of Friday, May 29, 2026. The resolution, if passed, will extend her tenure from May 12, 2026, to May 11, 2031.

The Board of Directors recommended the appointment based on the evaluation by the Nomination and Remuneration Committee, which confirmed her eligibility and independence under the Companies Act, 2013, and SEBI Listing Regulations. The company has engaged KFin Technologies Limited to facilitate the remote e-voting process.

Postal Ballot Schedule

The schedule for the postal ballot and e-voting process is outlined below:

Proposed Resolution Details

The special resolution seeks the re-appointment of Dr. (Mrs.) Rashmi Vij (DIN: 01103219). She has submitted a declaration confirming she meets the criteria of independence under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The director is not liable to retire by rotation.

For the financial year 2025-26, Dr. (Mrs.) Rashmi Vij was paid a sitting fee of ₹5.45 Lakhs. The proposed remuneration for the new term includes sitting fees and reimbursement of expenses for attending Board and Committee meetings. She holds no shares in the company and has no directorships in other listed entities.

Voting Process and Scrutiny

Mr. Deepak Kukreja and Mrs. Monika Kohli, partners of DMK Associates, Company Secretaries, have been appointed as scrutinizer and alternate scrutinizer, respectively, to ensure the process is conducted fairly. The scrutinizer's decision on the validity of the postal ballot will be final. Shareholders can cast their votes through the e-voting module provided by KFin Technologies Limited or via depository participants NSDL and CDSL.

The results of the postal ballot will be announced on or before 05:00 p.m. on Thursday, July 09, 2026. The outcome will be displayed on the company's website and communicated to the stock exchanges.