IRM Energy Limited has successfully completed the appointment of Mr. Vivek Wathodkar as an Independent Director through a postal ballot process that concluded on April 11, 2026. The company disclosed the voting results to the National Stock Exchange of India Limited and BSE Limited on April 13, 2026, in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process Overview

The postal ballot process was conducted entirely through electronic voting, with CS Manoj Hurkat of M/s Manoj Hurkat & Associates, Practicing Company Secretaries, Ahmedabad, serving as the scrutinizer. The e-voting period commenced on Friday, March 13, 2026, at 9:00 a.m. (IST) and concluded on Saturday, April 11, 2026, at 5:00 p.m. (IST), providing shareholders with a 30-day voting window.

Comprehensive Voting Results

The special resolution for appointing Mr. Vivek Wathodkar (DIN: 08486382) as an Independent Director received overwhelming support from shareholders. A total of 72 shareholders participated in the voting process, representing 31,246,054 shares out of 41,059,677 total outstanding shares.

Scrutinizer's Report and Process Validation

CS Manoj Hurkat confirmed that the postal ballot process was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. The company dispatched postal ballot notices to 62,534 equity shareholders with available email IDs on March 12, 2026.

The scrutinizer's report, dated April 11, 2026, validated the entire process and confirmed that all procedural requirements were met. The electronic ballots were unblocked and scrutinized in the presence of two independent witnesses: Sunil Mulchandani and Rekha M. Hurkat.

Resolution Approval and Corporate Governance

The resolution was deemed passed with 31,245,632 votes in favor, representing 99.99% of the total valid votes cast. Only 422 votes were cast against the resolution, primarily from the public non-institutional category. The voting process achieved a participation rate of 76.10% based on outstanding shares.

The appointment of Mr. Vivek Wathodkar as an Independent Director for a period of five consecutive years strengthens IRM Energy Limited's board composition and corporate governance framework. The overwhelming shareholder support demonstrates confidence in the company's leadership decisions and commitment to maintaining robust governance standards. The company published public notices in "The Financial Express" in both English and Gujarati languages as required under regulatory provisions.

IRM Energy Limited has achieved a significant operational milestone with the commissioning of its 150th Compressed Natural Gas (CNG) station at Banaskantha on March 31, 2026. This achievement underscores the company's commitment to expanding green energy infrastructure and promoting sustainable transportation solutions across its authorized geographical areas.

Expansion Performance

The commissioning represents substantial growth momentum for IRM Energy during the current fiscal year. The company's expansion metrics demonstrate strong operational progress:

During FY26, IRM Energy commissioned a total of 39 CNG stations, reflecting accelerated infrastructure development. This expansion pace demonstrates the company's strategic focus on strengthening its presence in authorized geographical areas while driving the transition towards eco-friendly transportation solutions.

Business Operations

IRM Energy Limited operates as an Indian City Gas Distribution company, supplying CNG for the transport segment and Piped Natural Gas (PNG) for domestic, commercial, and industrial customers. The company functions under authorizations granted by the Petroleum and Natural Gas Regulatory Board (PNGRB).

Geographical Coverage

The company holds authorization for 4 Geographical Areas:

• Banaskantha (Gujarat)
• Fatehgarh Sahib (Punjab)
• Diu & Gir Somnath (Gujarat)
• Namakkal & Tiruchirappalli (Tamil Nadu)

Revenue Contribution

CNG operations serve as the primary growth driver for IRM Energy, contributing approximately 60% of the company's total volumes. This significant contribution highlights the strategic importance of CNG station expansion in the company's overall business model and revenue generation.

Strategic Outlook

The achievement reflects IRM Energy's strong commitment to strengthening green energy infrastructure in its authorized geographical areas. As the company continues on its growth trajectory, it remains dedicated to expanding its footprint across the Geographical Areas expeditiously, supporting the broader transition towards sustainable and eco-friendly transportation solutions in India's evolving energy landscape.