The promoters of IRM Energy Limited have submitted formal declarations dated April 02, 2026, to the stock exchanges and the company's Audit Committee, confirming the absence of any encumbrance on the company's shares during the financial year 2025-26. The filings were made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Background

Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, mandates that promoters and persons acting in concert (PAC) of listed companies declare, on an annual basis, whether any encumbrance has been created on the shares held by them. These declarations are submitted to the relevant stock exchanges and the company's Audit Committee as part of ongoing disclosure obligations.

Promoters Filing the Declaration

Three promoter entities of IRM Energy Limited independently filed their respective no-encumbrance declarations for the financial year 2025-26. The details of each declarant are presented below:

Key Declarations

Each of the three promoter entities confirmed the following in their respective filings:

• No encumbrance, direct or indirect, was created on any shares of IRM Energy Limited during the financial year 2025-26.
• The declaration covers the promoter entity as well as all persons acting in concert (PAC) associated with them.
• The filings were addressed to the National Stock Exchange of India Limited and BSE Limited, along with the Audit Committee of IRM Energy Limited.

Dr. Rajiv I Modi filed the declaration in his individual capacity as promoter of IRM Energy Limited. Cadila Pharmaceuticals Limited, a corporate promoter entity, submitted its declaration signed by Dr. Rajiv I. Modi in his capacity as Managing Director. IRM Trust, the third promoter entity, filed its declaration through Dr. Rajiv I. Modi acting as Managing Trustee.

Submission Details

All three declarations were submitted to the stock exchanges on April 02, 2026. The filings were directed to both the National Stock Exchange of India Limited at Exchange Plaza, Bandra-Kurla Complex, Mumbai, and BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. Copies were also addressed to the Audit Committee of IRM Energy Limited at its registered office at Magnet Corporate Park, S. G. Highway, Ahmedabad.

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.