Kanoria Energy & Infrastructure Limited secured shareholder approval to reduce the redemption period for its 5% redeemable preference shares. The special resolution passed with 100% of votes cast in favour during a class meeting held on June 19, 2026, via video conference. This alteration in terms was initiated at the request of the respective preference shareholders to modify the tenure of the securities.

The voting process, overseen by scrutinizer Varun Kabra, saw participation from 13 preference shareholders through remote e-voting. No votes were cast during the physical meeting via e-voting terminals. A total of 9,80,150 votes were polled, representing 89.01% of the outstanding 11,01,150 preference shares as on the cut-off date of June 12, 2026. The resolution required a special majority, which was met with unanimous support from the participating shareholders.

The remote e-voting facility was available from June 16, 2026, to June 18, 2026, facilitated by National Securities Depository Limited (NSDL). The company had dispatched the class meeting notice to 15 preference shareholders on or before May 25, 2026, following a Board resolution passed on May 20, 2026. An advertisement confirming the dispatch was published in The Financial Express and Rajasthan Patrika on May 26, 2026.

Kanoria Energy & Infrastructure Limited confirmed that the scrutinizer's report and voting results would be submitted to the Bombay Stock Exchange Ltd. The outcome has been made available on the company's official website and the NSDL platform. The meeting was chaired by Whole Time Director Kuldeep Kaw, who certified the results on June 20, 2026.

Kanoria Energy & Infrastructure Limited has scheduled an Extra Ordinary General Meeting of Preference Shareholders on June 19, 2026, to seek approval for reducing the redemption period of its 5% Redeemable Preference Shares. The company proposes to vary the terms of issue for 11,01,150 preference shares of ₹100 each, fully paid-up, following requests from respective shareholders. This alteration requires the consent of preference shareholders via a special resolution to comply with the Companies Act, 2013.

The Board of Directors recommends the resolution, which aims to bring forward the redemption dates from the original schedules ranging from 2029 to 2034. The explanatory statement confirms that the variation will not adversely affect the rights of any other class of shareholders. Directors and Key Managerial Personnel holding these preference shares are deemed interested in the resolution to the extent of their holdings.

Meeting Details and Voting Process

The meeting will be conducted through Video Conference (VC) or Other Audio Visual Means (OAVM) on June 19, 2026, at 3:00 P.M. Preference shareholders whose names appear in the register as on the close of business hours on May 22, 2026, are entitled to attend and vote. The record date for determining eligibility for remote e-voting is June 12, 2026.

Remote e-voting will be facilitated by NSDL, beginning on June 16, 2026, at 09:00 A.M. and ending on June 18, 2026, at 05:00 P.M. Shareholders can cast their votes electronically through the NSDL e-Voting system or via their depository participants. Mr. Varun Kabra, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the voting process.

Preference Shareholding Details

The company has issued preference shares to various entities to support business activities. The table below outlines the specific holdings and original redemption dates subject to the proposed variation.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE534E01020/b3870e9a-8f75-46fb-a7ab-c72d11b4aa13.pdf