Orient Green Power Company Limited has scheduled its 19th Annual General Meeting (AGM) for July 22, 2026, to be conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) at 11:00 a.m. IST. The meeting will seek shareholder approval for material related party transactions, authorize loans to subsidiaries, and adopt audited financial statements for the year ended March 31, 2026. Remote e-voting will commence on July 19, 2026, at 10:00 a.m. IST and conclude on July 21, 2026, at 5:00 p.m. IST, with July 15, 2026 as the record date for eligibility.

AGM Key Details

The following table summarizes the key dates and logistics for the 19th AGM:

Material Related Party Transactions

A key agenda item is the approval of material related party transactions with Beta Wind Farm Private Limited, a subsidiary in which Orient Green Power holds a 74% equity shareholding. The aggregate value of the proposed transactions is ₹3,480 lakhs, which exceeds the materiality threshold limit of ₹2,635 lakhs as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transactions are proposed to be at arm's length and in the ordinary course of business.

Financial Assistance to Subsidiaries

The company proposes a special resolution under Section 185 of the Companies Act, 2013, to advance loans, give guarantees, or provide security to subsidiaries and step-down subsidiaries. The total financial exposure shall not exceed ₹1,000 Crores at any point in time. These funds are intended for the principal business activities of the subsidiaries, including expansion and working capital requirements.

Consolidated Financial Performance (FY 2025-26)

FY 2025-26 was a landmark year for Orient Green Power, marked by strong wind availability, commissioning of its first-ever solar power plant of 7 MW in December 2025, and a one-time refund of excess interest charged in earlier years. The following table presents the key consolidated financial results:

In financial terms on a consolidated basis, total income stood at ₹31,557 lakhs as against ₹27,889 lakhs during the previous year. EBITDA for the year stood at ₹20,545 lakhs as against ₹18,731 lakhs during the previous year. Profit from continuing operations for the year stood at ₹7,189 lakhs as against ₹3,373 lakhs reported for the previous year. The company's total income and net profit increased by 13% and 70%, respectively, compared to the previous year.

Key Financial Ratios (Consolidated)

In accordance with SEBI (LODR) Regulations, 2015, the company has disclosed the following significant changes in key financial ratios:

Capacity Expansion and Strategic Initiatives

During the year, the company diversified into solar power by successfully commissioning a 7 MW solar power plant in December 2025 through its subsidiary Delta Renewable Energy Private Limited. An 18 MW project is underway and expected to be completed before September 2026. On the wind energy front, the company enhanced its portfolio by commissioning 9.9 MW of higher-capacity wind turbines and initiated the repowering of about 7.8 MW of old wind turbine capacity under the new repowering policy of the Government of Tamil Nadu. As of March 31, 2026, the company's aggregate installed capacity stands at 396 MW, comprising 389 MW of wind power and 7 MW of solar power.

Director Re-appointments and Board Matters

Shareholders will also vote on the re-appointment of Mr. T Shivaraman as Managing Director and Mr. R Ganapathi as Non-Executive Director, both of whom are liable to retire by rotation. Mr. T Shivaraman holds 3,64,870 equity shares in the company, while Mr. R Ganapathi holds nil shares. The Board at its meeting dated May 11, 2026 also accorded in-principle approval for the merger of two wholly owned subsidiaries — Bharath Wind Farm Limited and Orient Green Power Europe BV — with the holding company, subject to shareholder and statutory approvals.

Rights Issue Utilization

During the previous year, the company allotted 19,23,07,692 equity shares through a rights issue, raising ₹250 crores. Till March 31, 2026, the company utilized ₹178.65 crores towards the objects of the issue and issue expenses. Pending utilization of ₹71.35 crores is placed in fixed deposits and current accounts with banks.

Orient Green Power has announced that its material subsidiary, Beta Wind Farm Private Limited, has received acceptance for a Letter of Intent (LOI) from Renfra Energy India Limited. This approval, granted on May 19, 2026, paves the way for the expansion of the company's installed renewable energy capacity through the establishment of new wind power infrastructure.

Agreement Details

The Investment / Borrowing / Banking Committee (IBBC) of Beta Wind Farm approved the expansion plan following Renfra Energy's acceptance of the LOI. The project involves the supply, installation, and commissioning of wind turbine generators on a turnkey basis. The key parameters of the agreement are detailed below:

Capacity Expansion

The agreement is aimed at increasing Orient Green Power's power generation capabilities by 6.6 MW. The project will be executed at Karur District, Tamil Nadu, and is scheduled to be operationally complete on or before July 31, 2026. This initiative reflects the company's strategic focus on scaling its renewable energy portfolio through its material subsidiary.