Oriana Power Limited has announced the incorporation of Futurebess Storage Private Limited as a step-down subsidiary. The Certificate of Incorporation was issued by the Ministry of Corporate Affairs on May 19, 2026. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

The newly incorporated entity is wholly owned by OPL BESS SERVICES PRIVATE LIMITED, which is itself a wholly owned subsidiary of Oriana Power Limited. The incorporation was executed through a cash consideration at par.

Details of the Subsidiary

Futurebess Storage Private Limited has been established to deal in the generation of any kind of power or electric energy. The company is yet to commence business operations and currently reports nil turnover. The entity is incorporated in India.

Financial and Structural Information

No specific governmental or regulatory approvals were required for this incorporation. The move aligns with the company's objectives to expand its footprint in the power generation sector.

oriana power has declared the voting results of the postal ballot conducted for approval of material related party transactions under Regulation 44 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company sought shareholder approval through a notice dated 25 March 2026 for 13 ordinary resolutions covering various related party transactions.

Resolution Details

The postal ballot covered material related party transactions with multiple entities. All 13 resolutions were ordinary resolutions requiring shareholder approval. The transactions involved several Truere group companies and other related entities:

Voting Process and Results

The remote e-voting process concluded on 24 April 2026 at 5:00 p.m. IST. The scrutinizer submitted the report on the results of the postal ballot on 27 April 2026. Based on the scrutinizer's report, all resolutions mentioned in the notice have been passed by the shareholders with the requisite majority. The resolutions are deemed to have been approved on the last date of e-voting, which was 24 April 2026.

Record Date and Shareholder Details

The record date for the postal ballot was 20 March 2026, with a total of 15408 shareholders on record. The voting results and scrutinizer's report have been made available on the company's website at www.orianapower.com and on the National Securities Depository Limited website at www.evoting.nsdl.com . The declaration was submitted to the National Stock Exchange of India Limited on 28 April 2026 by Tanvi Singh, Company Secretary & Compliance Officer of Oriana Power Limited.