Indowind Energy held its 31st Annual General Meeting on September 25, 2026, adopting the audited financial statements for the fiscal year ended March 31, 2026. The meeting, conducted via video conferencing, saw the approval of several ordinary and special resolutions concerning director appointments and operational timelines.

The proceedings commenced at 4:00 pm and concluded by 4:15 pm. Mr. N.K. Haribabu, Whole-Time Director and Chief Financial Officer, presided over the meeting. During his address, he elaborated on the company's financial performance, growth trajectory for the financial year, and provided insights into the recent rights issue. He also outlined the future outlook and expansion plans for the renewable energy firm.

Key resolutions passed

The shareholders approved multiple items of business, ranging from routine administrative matters to significant structural changes in leadership and capital utilization. The following table summarizes the resolutions transacted during the meeting:

Board and governance updates

Dr. K.S. Ravindranath was appointed as a director following his retirement by rotation. The meeting also confirmed the re-appointment of Mr. N.K. Haribabu as Whole-Time Director and Ms. Sangeetha Harilal Lakhi as an Independent Director for a second term. These special resolutions underscore the continuity in the company's leadership structure during this period.

Additionally, shareholders approved the extension of the timeline for utilizing proceeds from the company's rights issue. This adjustment provides management with additional flexibility in deploying capital raised through equity issuance, aligning with the expansion plans discussed during the chairman's address.

Voting and compliance

The voting process was overseen by M/s. KRA & Associates, practicing company secretaries appointed as scrutinizers. Members exercised their votes through remote e-voting facilities prior to the meeting and via electronic voting systems during the session. The final results of the e-voting are scheduled to be announced to stock exchanges within two working days and hosted on the company's website.

Indowind Energy announced that Dr. K.R. Shyamsundar ceased to hold office as an independent director on September 15, 2026. The departure follows the completion of his second term with the company.

The firm stated there were no material reasons for the cessation other than the conclusion of his tenure. Indowind Energy expressed appreciation for Dr. Shyamsundar’s contributions and guidance during his association with the board.

Regulatory Disclosure

The company filed the intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was also made in compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Director Details

B Sharath, Company Secretary and Compliance Officer, signed the filing. The company requested stock exchanges to take the information on record.