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.

Oriana Power Limited has incorporated a wholly owned subsidiary, EVERCORE PROJECTS PRIVATE LIMITED, to expand its presence in the power generation and renewable energy sector. The new entity was officially incorporated on April 07, 2026, with the Certificate of Incorporation received by the company on April 17, 2026.

Subsidiary Details and Capital Structure

The newly formed subsidiary has been established with specific financial parameters and operational focus areas:

Business Objectives and Scope

The subsidiary will operate in the power generation industry with a comprehensive mandate covering multiple aspects of energy business. The primary business objectives include:

• Power Generation and EPC: Generation of electric energy, EPC of power projects, operation and maintenance services, and consultancy in power project processing
• Electric Supply Operations: Construction and establishment of power stations, cables, wires, transmission lines, and electricity distribution to public and private entities
• Renewable Energy Focus: Development of conventional and non-conventional energy sources including Compressed Bio Gas, Battery Energy Storage Systems, Hydrogen Electrolyzers, Green Hydrogen, and e-Fuels
• Advanced Energy Solutions: Research, development, manufacturing, and commercialization of renewable fuels including hydrogen, fuel cells, green ammonia, e-methanol, and green methanol

Regulatory Compliance and Structure

The incorporation follows all regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As a wholly owned subsidiary, EVERCORE PROJECTS PRIVATE LIMITED is classified as a related party of Oriana Power Limited. The formation required cash consideration through 100% initial subscription to the share capital by the parent company.

Strategic Positioning

The subsidiary's business model encompasses the entire value chain of power and renewable energy operations, from generation and transmission to distribution and specialized equipment manufacturing. The company will also provide consulting and advisory services both domestically and internationally, positioning itself as a comprehensive energy solutions provider in the growing renewable energy sector.

Company Secretary Tanvi Singh signed the disclosure document on April 18, 2026, confirming the subsidiary's incorporation and compliance with all applicable regulations. The new entity represents Oriana Power Limited's strategic expansion into specialized power generation and renewable energy technologies.