Orient Green Power Company Limited shareholders overwhelmingly approved the company's audited financial statements for FY26 and re-appointed top leadership at its 19th Annual General Meeting (AGM) on July 22, 2026. The meeting, conducted via Video Conferencing and Other Audio Visual Means (OAVM), saw 393 members vote on five resolutions, with all passing by requisite majorities. Chairman K S Sripathi presided over the proceedings, which included the re-appointment of Managing Director & CEO T Shivaraman and Director R Ganapathi, both retiring by rotation.

The consolidated scrutinizer report submitted to the BSE and NSE on July 23, 2026, confirms that promoters and promoter group members voted in favor of all resolutions. M/s. Alagar & Associates LLP served as the independent scrutinizer for the e-voting process, ensuring compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI LODR Regulations. The cut-off date for voting eligibility was July 15, 2026, with a total of 8,63,856 shareholders on record.

Voting Results

Shareholders passed four ordinary resolutions and one special resolution. The financial statements received 99.99% support, while the re-appointments of T Shivaraman and R Ganapathi garnered 99.87% assent each. Material related party transactions were approved with 99.36% support. The special resolution to advance loans or provide guarantees under Section 185 of the Companies Act, 2013, passed with 98.56% approval.

Governance and Compliance

The statutory auditors highlighted an "Emphasis of Matter" in their report for FY26, read out by Chief Financial Officer J Kotteswari during the meeting. This emphasis typically draws attention to matters that are fundamental to users' understanding of the financial statements but do not affect the auditor's opinion. The Board had previously recommended these actions, and the high level of shareholder support indicates strong confidence in the company's governance structure and strategic direction.

Remote e-voting commenced on July 19, 2026, and concluded on July 21, 2026. Members who voted remotely were blocked from voting again during the live AGM session to prevent double voting. The promoter group, holding 28,59,70,024 shares, voted unanimously in favor of all resolutions. Public institutions also showed full support for the financial statements and leadership re-appointments, while public non-institutional shareholders provided near-unanimous backing across all items.

Orient Green Power Company Limited has invested ₹21,95,90,940 in its subsidiary, Delta Renewable Energy Private Limited, subscribing to 2,19,59,094 equity shares at a face value of ₹10 each. The allotment, which occurred on July 06, 2026, was part of the fifth tranche of Delta Renewable Energy's preferential issue. This transaction maintains Orient Green Power's equity holding in the subsidiary at 70%, ensuring continued control over the entity's renewable energy operations.

The investment marks the completion of the preferential issue process for Delta Renewable Energy. The subsidiary was incorporated on November 29, 2023, and has a post-issue paid-up equity share capital of ₹44,31,28,000. The transaction was conducted on an arm's length basis and is classified as a related party transaction under SEBI Listing Obligations and Disclosure Requirements Regulations.

Delta Renewable Energy focuses on the renewable energy sector and has successfully commissioned a 7 MW AC solar power project at Krishnapuram and Veeraganallur Villages in Thiruvallur District, Tamil Nadu. Additionally, the subsidiary has entered into an EPC Contract to develop a 17.6 MW AC solar power project in Thiruvannamalai District, Tamil Nadu, which is currently under progress. The project development commenced on December 05, 2025.

Transaction Details

The following table outlines the key financial and operational details of the allotment:

The object of the preferential issue was to raise capital for developing solar power projects. As this tranche represents the final stage of the issue, the investment into Delta Renewable Energy is now complete. No specific governmental or regulatory approvals were required for this acquisition.