Orient Electric Limited will hold its 10th Annual General Meeting (AGM) on Wednesday, July 22, 2026, at 3:30 p.m. IST via Video Conferencing (VC) and Other Audio Visual Means (OAVM). The meeting will transact ordinary business, including the adoption of audited financial statements for the year ended March 31, 2026, and the declaration of a final dividend. The Board has recommended a final dividend of ₹0.75 per equity share of ₹1 each, which, if approved, will be paid on or before August 21, 2026, to shareholders holding shares as of the record date of July 10, 2026.

Corporate Actions and Appointments

Shareholders will consider the re-appointment of Mr. CK Birla (DIN: 00118473), who retires by rotation and is eligible for re-appointment as a Non-executive Director. Additionally, the Board has proposed the appointment of M/s. Price Waterhouse Chartered Accountants LLP as the statutory auditor for a term of five years, subject to shareholder approval. This appointment follows the expiration of the term of the current auditors, M/s. S R Batliboi & Co. LLP. The proposed remuneration for the statutory auditor for FY 2026-27 is not exceeding ₹77 lakhs plus applicable taxes and reimbursement of out-of-pocket expenses.

Financial Performance Overview

For the financial year ended March 31, 2026, Orient Electric reported a 7.5% increase in revenue from operations to ₹3,326.39 crore, compared to ₹3,093.68 crore in the previous year. Profit after tax (PAT) rose by 15.18% to ₹95.84 crore, while EBITDA grew by 12.4% to ₹229 crore. The Electrical Consumer Durables segment grew by 5.6%, supported by a 47% surge in BLDC fans, and the Lighting and Switchgear segment delivered double-digit growth.

Special Business and Voting

The AGM includes a special business item to ratify the remuneration of the Cost Auditor, Mr. Somnath Mukherjee, for the financial year ending March 31, 2027. The approved remuneration is ₹1,00,000 plus applicable taxes and reimbursement of out-of-pocket expenses. Remote e-voting will be available from July 18, 2026, at 09:00 A.M. IST to July 21, 2026, at 05:00 P.M. IST. Members registered as of the cut-off date of July 15, 2026, are eligible to vote.

Orient Electric filed its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, disclosing a 6.70% reduction in energy intensity and a 10.66% decrease in waste intensity. The company reported that its Zero Liquid Discharge (ZLD) facility at the Hyderabad plant contributed to a 19.54% reduction in water intensity. The report was submitted pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

The company achieved its Extended Producer Responsibility (EPR) targets for e-waste recycling, fulfilling 26,333.45 MT of obligations for the financial year. The report noted that 41% of inputs were sourced sustainably. Orient Electric stated that it has implemented ISO 45001 certification at its Faridabad and Noida facilities and plans to extend this to other locations.

Operational Performance

The company reported that it does not have any subsidiaries, holdings, associate companies, or joint ventures. It operates four plants and 44 offices nationally, with one international office. The export contribution was 4.80% of the total turnover for the reporting period. The company serves 36 states and union territories in India and 41 countries internationally.

Employee Statistics

The total workforce comprised 1,843 employees and 2,805 workers as of the end of the financial year. The Board of Directors included six members, with one female director representing 16.67% of the Board. Key Management Personnel included three members, with one female representing 33.33%.

Environmental Initiatives

The company reported that it has implemented several energy efficiency measures, including the installation of Variable Frequency Drives (VFDs) and the replacement of motors with high-efficiency IE4 motors. It has also transitioned to laser printing to eliminate ink-related hazardous waste and replaced solder with aluminium clips to reduce hazardous solder waste. The company confirmed that it has not conducted Life Cycle Assessments (LCA) in the reporting period.