Karma Energy Limited has fixed July 16, 2026, as the record date to determine shareholder eligibility for its 19th Annual General Meeting (AGM). The meeting is scheduled for July 23, 2026, at 2.00 p.m. via Video Conferencing. July 16, 2026, is also declared as the cut-off date for the purpose of reckoning the shareholders eligible to vote on the resolutions proposed at the ensuing Annual General Meeting.

E-Voting and Scrutinizer Details

The company has appointed Mr. Martinho Ferrao, Practicing Company Secretary, as the Scrutiniser to conduct the e-voting process. The e-voting period commences on July 20, 2026, at 9:00 a.m. and ends on July 22, 2026, at 5:00 p.m. The e-voting module, provided by National Securities Depository Limited (NSDL), will be disabled thereafter. Once a vote is cast, members cannot change it. Voting rights are determined based on equity shares held as on the cut-off date of July 16, 2026.

Financial Performance

The company’s financial results for FY26 show a marginal increase in turnover compared to the previous year. Total income rose to ₹1305.36 lakh from ₹1144.04 lakh in FY25. However, the company reported a loss before tax of ₹93.60 lakh, compared to a profit before tax of ₹156.42 lakh in the prior year. After accounting for income tax and deferred tax, the net profit for the year was ₹104.93 lakh, down from ₹155.96 lakh in FY25. The board has not recommended any dividend for the financial year 2025-26 to conserve resources.

Re-appointment of Managing Director

The Board of Directors, at its meeting held on May 28, 2026, approved the re-appointment of Chetan Mehra as Managing Director. The appointment is for a term of three years from December 1, 2026, to November 30, 2029. Additionally, the board approved a revision in his remuneration, increasing the fixed salary from ₹26,00,000 per annum to ₹50,00,000 per annum effective from August 1, 2026. The resolution requires shareholder approval via a special resolution at the 19th AGM.

Operational Highlights

The company operates wind power plants in Maharashtra (Beed, Satara) and Tamil Nadu (Theni, Tirunelveli). During the year, the turnover was marginally higher, contributed by a 14.59% increase in power generation. Other income, which includes interest income and an insurance claim settlement of ₹145.62 lakh, amounted to ₹329.53 lakh. The company remains debt-free, having prepaid its term loans in December 2022.

Corporate Governance and Compliance

The company’s statutory auditors, M/s Batliboi and Purohit, Chartered Accountants, have been re-appointed for a period of five years. The board confirmed that there were no instances of fraud during the year requiring the auditors to report. The company has also complied with the requirements of the Sexual Harassment of Women at Workplace Act, 2013, with no complaints reported during the year.

Karma Energy published its audited financial results for the quarter and financial year ended March 31, 2026, on May 29, 2026. The results were published in the Financial Express (English) and Mumbai Lakshadweep (Marathi) newspapers. This publication ensures compliance with Regulation 47 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The Board of Directors of the company approved the audited financial results during a meeting held on May 28, 2026. The results, accompanied by the Report of the Auditors, have been posted on the company's official website. Shareholders and stakeholders can access the detailed financial statement by visiting the website or scanning the provided QR code.

Key Details

The submission to the stock exchange included confirmation that the newspaper publication was carried out as required. The intimation was submitted by Chetan D. Mehra, Managing Director, on behalf of Karma Energy Limited. The company's registered office is located at Empire House, Fort, Mumbai.