Indian Renewable Energy Development Agency Limited ( IREDA ) has scheduled its 39th Annual General Meeting for Tuesday, September 29, 2026. The meeting will convene via Video Conferencing or Other Audio-Visual Means at 12:30 pm to discuss resolutions for FY26.

The company fixed Friday, September 11, 2026, as the record date for determining eligibility for the final dividend. If approved by shareholders during the AGM, the dividend payment will be made within 30 days of approval, subject to applicable tax deductions.

Key Dates and Voting Process

Shareholders must hold shares as of Tuesday, September 22, 2026, to participate in voting. The remote e-voting window opens on Saturday, September 26, 2026, at 9:00 am and closes on Monday, September 28, 2026, at 5:00 pm.

Dividend Taxation Details

Dividend income is taxable in the hands of shareholders under the Income Tax Act, 2025. The company will deduct tax at source (TDS) at applicable rates. Shareholders seeking lower or nil TDS must submit requisite documents on or before September 11, 2026, via the designated registrar portal.

The notice and annual report are available on the company website. Electronic copies were sent to registered members as of August 28, 2026, while physical letters with web links were dispatched to those without registered email addresses.

Indian Renewable Energy Development Agency Limited ( IREDA ) has formally requested the National Stock Exchange and BSE to waive ₹14,19,540 in fines imposed for non-compliance with board composition norms.

The company’s Board of Directors reviewed the penalties during its meeting on September 1, 2026. The directors noted that as a Government of India enterprise, the power to appoint directors rests with the President of India, exercised through the Ministry of New and Renewable Energy (MNRE). Consequently, the Board resolved to request MNRE to expedite the appointment of requisite independent directors, including a woman director.

Regulatory Context

The stock exchanges flagged issues regarding the composition of the Board of Directors and its committees for the quarter ended June 30, 2026. The fines were imposed following notices dated August 25, 2026, citing violations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The total penalty is inclusive of GST.

Breakdown of Penalties

The exchanges levied fines under multiple regulations due to lapses in board composition and committee constitution. The details of the non-compliance and associated fines are outlined below:

Government Appointment Delays

IREDA explained that it has no role in the appointment process of its directors. The lender noted it has been consistently pursuing the matter with MNRE to appoint the requisite number of independent directors to ensure regulatory compliance. The Board also desired that the Stock Exchanges be requested not to impose any further fine or penalty, stating that the matter relating to the appointment of Independent Directors is beyond the control of the Company.

What the Numbers Show

The largest component of the fine, ₹5,36,900, stems from Regulation 17(1), relating to the failure to appoint a woman director and maintain proper board composition. This single violation accounts for approximately 38% of the total penalty. The remaining fines are evenly distributed across four committee-related regulations (Audit, Nomination & Remuneration, Stakeholder Relationship, and Risk Management), each attracting ₹2,14,760. This structure highlights that the core issue is the absence of qualified independent directors, which cascades into non-compliance across all statutory committees requiring such members.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE202E01016/800ace7f-139b-45b0-8911-bb20a07458d2.pdf