Kriti Industries (India) Limited successfully conducted its 1/2025-26 Extraordinary General Meeting on March 20, 2026, passing two crucial special resolutions that will enable the company to enter the power generation business. The meeting was held through video conferencing from 10:30 A.M. to 10:46 A.M., with the company's corporate office in Indore serving as the deemed venue.

Meeting Participation and Governance

The EGM witnessed strong corporate governance with comprehensive participation from the leadership team. The meeting was chaired by Shri Shiv Singh Mehta, Chairman and Managing Director, with attendance from key board members including Smt. Purnima Mehta (Whole Time Director), Shri Saurabh Singh Mehta (Director), and three Independent Directors - Shri Hitendra Mehta, Shri Siddharth Sethi, and Shri Venkat Subramaniam.

The meeting also had representation from statutory and secretarial auditors, with CS Ishan Jain appointed as the scrutinizer for the voting process.

Voting Process and Timeline

The company provided comprehensive e-voting facilities to ensure maximum shareholder participation. Remote e-voting was available from March 17, 2026 (9:00 A.M.) to March 19, 2026 (5:00 P.M.), with additional e-voting facility during the meeting for members who had not participated in remote voting.

Resolution Details and Business Expansion

Both special resolutions focused on enabling the company's entry into the power generation sector. The first resolution altered Clause III(B) of the Memorandum of Association by adding a comprehensive new clause 31A that authorizes the company to engage in power generation activities across multiple energy sources.

The resolution encompasses a wide range of energy technologies including:

• Conventional sources: hydel, thermal, and nuclear power
• Renewable sources: solar energy (rooftop and ground-mounted), wind energy, tidal energy
• Alternative sources: biomass, hydrogen, fuel cell technology
• Petroleum-based energy from refining by-products

The second resolution modified the Articles of Association by inserting new Article 92, which specifically authorizes the Board of Directors to establish, purchase, manage, and operate electricity generation plants and facilities for both captive consumption and commercial sales.

Voting Results and Shareholder Support

Both resolutions received overwhelming shareholder support, demonstrating strong confidence in the company's strategic direction.

The voting breakdown showed strong support across all categories, with the Promoter and Promoter Group contributing 36142487 votes (99.8090% of their holdings) and Public Non-Institutions contributing 114233 votes (0.6930% of their holdings).

Strategic Implications

The approved resolutions position Kriti Industries to capitalize on India's expanding energy sector, particularly in renewable energy. The comprehensive scope of the amendments allows the company to explore various energy generation technologies and business models, from captive power generation for internal use to commercial power sales in the open market.

The company has been authorized to undertake all necessary activities including establishing power substations, workshops, repair facilities, and entering into agreements and memorandums of understanding related to power generation activities. This strategic diversification could open new revenue streams and enhance the company's long-term growth prospects in the evolving energy landscape.

Kriti Industries (India) Limited has submitted its quarterly compliance certificate to stock exchanges, confirming adherence to SEBI dematerialization regulations for the quarter ended 31st March 2026. The filing demonstrates the company's commitment to maintaining regulatory compliance in securities handling and investor services.

Regulatory Compliance Filing

The company filed its certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulation 2018 on 6th April 2026. This regulation requires companies to confirm proper handling of securities during the dematerialization process and ensures investor protection through standardized procedures.

Dematerialization Process Confirmation

The compliance certificate confirms that all securities received for dematerialization during Q4FY26 were processed according to regulatory requirements. The company verified that securities were properly listed on stock exchanges and that appropriate verification procedures were followed before cancellation of physical certificates.

Key compliance confirmations include:

• Securities comprised in certificates have been listed on stock exchanges
• Physical certificates were mutilated and cancelled after due verification
• Depository names were substituted in the Register of Members as registered owners
• All processes completed within the mandated 15-day timeframe

Registrar Confirmation

Ankit Consultancy Pvt. Ltd., serving as the company's registrar and share transfer agent, provided supporting confirmation dated 3rd April 2026. The registrar confirmed that all securities received from depository participants during the quarter were properly processed and that verification procedures were completed within regulatory timelines.

Stock Exchange Notification

The compliance certificate was filed with both major Indian stock exchanges where Kriti Industries shares are listed. The filing ensures transparency and maintains the company's good standing with regulatory authorities while providing assurance to investors regarding proper securities handling procedures.

The certificate was also copied to National Securities Depository Limited and Central Depository Services (India) Limited, ensuring comprehensive regulatory notification across all relevant depositories and maintaining complete compliance with SEBI requirements.