K.P. Energy Limited held its 17th Annual General Meeting on September 29, 2026, where shareholders adopted the audited standalone and consolidated financial statements for FY26.

The meeting, conducted via Video Conferencing and Other Audio Visual Means from 11:30 am to 11:53 am, saw the passage of all proposed resolutions. These included the confirmation of interim dividends paid during FY26 and the declaration of the final dividend for the same period.

Board and auditor appointments

Shareholders approved the re-appointment of Mrs. Bhadrabala Dhimantrai Joshi as a Director, retiring by rotation. The AGM also ratified the appointment of M S K C & Associates LLP as the Statutory Auditors of the company.

Key leadership changes were enacted through specific resolutions:

• Prof. Sunil Kumar Maheshwari was appointed as a Director and subsequently designated as Whole Time Director and Vice Chairman via Special Resolution.
• Remuneration for Non-Executive Directors was approved, including a commission for Mrs. Venu Birappa exceeding 50% of the total remuneration payable to all Non-Executive Directors.

Governance and voting details

The company also secured approval for the alteration of its Articles of Association and the ratification of the Cost Auditor's remuneration. Voting on these matters was conducted through electronic voting systems provided by CDSL, with remote e-voting open from September 26 to September 28, 2026.

Details regarding the scrutinizer's report and specific voting results under Regulation 44(3) of the SEBI Listing Regulations have been submitted by the company. The consolidated report confirms that all 11 resolutions were passed with overwhelming support from both promoter and public shareholders.

Voting participation summary

The following table summarizes the voting outcomes for key resolutions passed at the AGM:

What the Numbers Show

The voting data reveals a stark contrast in shareholder sentiment regarding director remuneration compared to other governance matters. While most resolutions saw less than 0.01% opposition, Resolution 8 (approving Non-Executive Director remuneration) recorded 16,715 votes against, representing 0.05% of the total votes polled. This is significantly higher than the opposition seen in dividend declarations (1,300 votes) or auditor appointments (1,947 votes). Additionally, institutional investors voted against Resolution 8 with a majority (51.8% against), whereas they supported all other resolutions unanimously. This suggests specific concerns among institutional holders regarding the compensation structure for non-executive directors, despite the overall high approval rating for the company's leadership changes.

KP Energy Limited delivered its strongest-ever financial performance in FY26, with consolidated total income rising 57% YoY to ₹1,506 Crores and Profit After Tax reaching a record ₹181 Crores.

The Gujarat-headquartered wind and hybrid renewable energy solutions provider also filed its Annual Report and Notice for the 17th Annual General Meeting scheduled for September 29, 2026, through Video Conferencing/Other Audio-Visual Means. The cut-off date for e-voting eligibility is September 22, 2026.

FY26 Financial Performance

KP Energy's consolidated results showed broad-based growth across all key metrics, with EBITDA margin expanding from 20% in FY25 to 22% in FY26.

The EPCC segment, which accounts for 97% of revenue, delivered 59% YoY growth to ₹1,452 Crores. During FY26, CARE Ratings upgraded KP Energy's credit rating by two full notches from BBB to A- (Stable).

Standalone Financial Results

On a standalone basis, revenue from operations rose 61% YoY to ₹1,487.55 Crores from ₹926.55 Crores, while standalone EBITDA grew 70% to ₹325.70 Crores. Standalone PAT increased 60% to ₹179.86 Crores, with basic EPS of ₹26.84.

Key Order Wins and Business Milestones

FY26 was marked by several strategic developments across all three business verticals:

IPP Segment:

• 100 MW ISTS-connected wind power project from Solar Energy Corporation of India (SECI) at a tariff of ₹3.67/unit under a 25-year PPA
• Letter of Intent from Gujarat Urja Vikas Nigam Limited (GUVNL) for 100 MW wind project at ₹3.44/unit for 50 MW base capacity and ₹3.43/unit for the balance 50 MW under a 25-year framework

EPC Segment:

• 99 MW turnkey wind EPC contract from Inox Renewable Solutions in Gujarat
• 40.8 MW wind-solar hybrid EPC project from Enerparc Energy in Gujarat
• 91.4 MW wind-solar hybrid EPC contract from JK Paper, including long-term O&M services

The company also received a Category-V Inter-State Electricity Trading Licence from the Central Electricity Regulatory Commission (CERC), enabling pan-India power market participation. KP Energy became the first company in South Gujarat to install India's first 'Make in India' 4.2 MW-160 wind turbine.

Project Pipeline and Portfolio

Five-Year Financial Trend

The following table illustrates KP Energy's consolidated financial trajectory:

Dividend and AGM Details

The Board has recommended a final dividend of ₹0.25 (5%) per equity share of face value ₹5 each for FY26, subject to shareholder approval at the AGM. Interim dividends aggregating ₹0.65 (13%) per share were already paid during the year, bringing the total FY26 dividend to ₹0.90 (18%) per equity share. The total cash outflow on account of dividends for FY26 amounts to ₹605.77 lakhs.

The 17th AGM is scheduled for September 29, 2026 at 11:30 a.m. IST via VC/OAVM. Key resolutions include appointment of M S K C & Associates LLP as Statutory Auditors for five years from the 17th AGM to the 22nd AGM, appointment of Prof. Sunil Kumar Maheshwari as Vice Chairman and Whole Time Director for five years effective July 3, 2026, and ratification of cost auditor remuneration of ₹50,000 for FY 2026-27.

Key Financial Ratios