Quality Power Electrical Equipments Limited has fixed Tuesday, September 22, 2026, as the record date for its 25th Annual General Meeting (AGM) and final dividend for FY26. The Board had previously proposed a dividend of ₹1 per equity share, payable only to non-promoter shareholders.

Dividend Timeline and Payment

The final dividend, subject to shareholder approval at the AGM on September 29, 2026, will be paid within 30 days of declaration. This means eligible members can expect payment on or before October 28, 2026. The company’s books will remain closed from September 23, 2026, through September 29, 2026, inclusive.

Meeting Details and Voting

The AGM will be conducted through Video Conferencing or Other Audio-Visual Means in compliance with applicable regulations. The Registered Office in Sangli, Maharashtra, shall be deemed the venue. Shareholders holding shares in dematerialized mode must register email and mobile details with depository participants. Physical shareholders must provide these to the Registrar and Share Transfer Agent, MUFG Intime India Private Limited.

Remote e-voting facilities will be available through the INSTAMEET platform provided by MUFG Intime India Private Limited.

Business Agenda

The AGM will transact ordinary and special business items outlined in the notice uploaded on the company website.

Ordinary Business

1. Adoption of audited standalone financial statements for the year ended March 31, 2026, along with Director and Auditor reports.
2. Adoption of audited consolidated financial statements for the year ended March 31, 2026, along with Auditor reports.
3. Declaration of a dividend of ₹1 per equity share of face value ₹10 each for FY26. This applies to 2,02,04,640 equity shares held by non-promoter category shareholders, as promoters have waived their right to receive the dividend.
4. Re-appointment of Mr. Bharanidharan Pandyan (DIN: 01298247), Joint Managing Director, who retires by rotation and offers himself for re-appointment.

Special Business

1. Ratification of remuneration for Cost Auditors for the financial year ending March 31, 2027. The Board recommends appointing Mr. Rupesh Sunil Kale (Practicing Cost Accountant) with remuneration of ₹1,00,000 plus applicable taxes and out-of-pocket expenses.

Compliance and Taxation

Pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/PoD-1/P/CIR/2024/37 dated May 7, 2024, dividends for security holders in physical form will be paid only through electronic mode effective April 1, 2024. Dividends for physical folios with outdated KYC details will be held back until updated. Members are advised to update their bank account details with their Depository Participants or the RTA to facilitate receipt via Electronic Clearing Service.

Under the Finance Act, 2020, dividend income is taxable in the hands of members. The company is required to deduct Tax Deducted at Source (TDS) from dividends paid at prescribed rates under the Income Tax Act, 2025. Members must update their residential status, Permanent Account Number (PAN), and category with their Depository Participants or the company to ensure correct TDS application.

Quality Power Electrical Equipments deferred its proposed preferential issue of equity shares and convertible warrants to shareholders of Winwin Speciality Insulators Limited. The board cited the need for further evaluation of fund-raising modes and ongoing due diligence before approval.

The company’s board also recommended the reappointment of five directors for five-year terms, subject to shareholder approval. The appointments cover executive and independent roles, ensuring continuity in leadership through 2032.

Preferential Issue Deferred

The board considered the proposal under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. It decided to defer the matter to a subsequent meeting after identifying two key areas requiring further review.

First, the company needs to evaluate its overall fund-raising proposal, including whether to proceed with a preferential issue, a qualified institutions placement, or another permissible mode within the authorisation granted on May 13, 2026. Second, the board requires completion of ongoing due diligence regarding Winwin Speciality Insulators Limited.

As no decision was taken, specific disclosures under Regulation 30 read with Schedule III to the SEBI Listing Regulations are not currently applicable. These will be made once the board approves the proposal.

Director Reappointments

Based on recommendations from the Nomination and Remuneration Committee, the board proposed the following reappointments, all liable to retire by rotation unless specified otherwise:

Thalavaidurai Pandyan, who has over four decades of experience in high-voltage electrical equipment, will continue as Chairman & Managing Director. His son, Bharanidharan Pandyan, and spouse, Chitra Pandyan, will serve as Joint Managing Director and Whole-Time Director, respectively. Mahesh Saralaya, associated with the company since 2006, will remain as Whole-Time Director. Sadayandi Ramesh, promoter of Pothys Textiles, will complete his second term as Independent Director.

All reappointments are subject to shareholder approval. The board meeting commenced at 6:00 pm and concluded at 6:20 pm IST on September 2, 2026.