Real Eco-Energy Limited shareholders unanimously approved all resolutions at the company's 33rd Annual General Meeting (AGM) held on September 30, 2026. The meeting, conducted from the registered office in Ahmedabad, saw the adoption of audited financial statements for the year ended March 31, 2026, and the re-appointment of a key director.

The voting process was scrutinized by Chintan K. Patel, a practicing company secretary appointed by the Board. The report confirmed that both ordinary resolutions were passed with 100% of the valid votes cast in favor, with zero votes against and no invalid votes recorded.

Voting outcomes

The first resolution concerned the adoption of the Audited Balance Sheet as at March 31, 2026, the Statement of Profit & Loss for the same period, along with the Directors' and Auditors' Reports. The second resolution addressed the re-appointment of Dharm S. Patel (DIN: 07464810), who was liable to retire by rotation but offered himself for re-appointment.

Voting was conducted via electronic means through Central Depository Services Limited (CDSL) and physical ballot papers. The data indicates that all votes were cast through physical mode during the meeting, with no participation recorded via e-voting or postal ballot for these specific items.

Participation details

A total of 32 members participated in the meeting either in person or through proxy. This included one representative from the promoter group and 31 public shareholders. No shareholders attended the meeting through video conferencing.

The total number of shares voted upon across both resolutions stood at 55,366,242. This represented approximately 55.37% of the company's outstanding equity capital, which totals 100,000,000 shares. The promoter and promoter group held 25,250,000 shares, while public non-institutional holders accounted for 74,750,000 shares.

What the numbers show

The voting pattern reveals a complete absence of dissent among participating shareholders, with both resolutions securing unanimous support from those present. Notably, while the e-voting facility was available, it recorded zero participation, suggesting that the attending shareholder base relied exclusively on physical ballots for this meeting. The high turnout relative to the small number of attendees (32 members casting over 55 million votes) indicates that the attending shareholders likely held significant individual stakes or proxies.

Real Eco-Energy Limited reported a net profit of ₹39.91 lakh for the financial year ended March 31, 2026, marking a significant decline from ₹71.73 lakh in the previous year. Total income contracted to ₹250.43 lakh from ₹334.74 lakh in FY25, driven by lower revenue from operations.

The company’s Board of Directors has decided not to recommend any dividend for FY26. The profits for the year have been transferred to reserves. This performance update coincides with the announcement of the 33rd Annual General Meeting (AGM), scheduled for September 30, 2026, at 12:30 pm at the registered office in Ahmedabad.

Financial Performance Overview

The annual report highlights a contraction in both top-line and bottom-line figures. Revenue from operations stood at ₹249.49 lakh, a decrease from ₹334.74 lakh in FY25. The decline in profitability was accompanied by a reduction in total expenditure, which fell to ₹209.89 lakh from ₹262.31 lakh in the preceding year.

Balance Sheet and Key Ratios

The company’s balance sheet reflects a substantial increase in non-current assets, primarily due to long-term loans and advances rising to ₹1,644.34 lakh from ₹36.44 lakh in FY25. Conversely, trade receivables decreased to ₹448.10 lakh from ₹684.83 lakh. Cash and cash equivalents increased to ₹76.06 lakh from ₹28.37 lakh.

Key financial ratios indicate a shift in leverage and efficiency:

• Debt Equity Ratio: Increased to 2.73 from 0.76, reflecting higher borrowings.
• Return on Equity (RoE): Declined to 6.08% from 11.83%.
• Net Profit Margin: Dropped to 16.00% from 21.43%.

AGM Agenda and Voting Details

The primary agenda for the upcoming AGM includes the adoption of the audited financial statements for FY26 and the re-appointment of Managing Director Dharm S. Patel (DIN: 07464810), who is liable to retire by rotation. Shareholders holding shares in physical or dematerialized form can cast their votes electronically via the CDSL system.

Share transfer books and the register of members will remain closed from September 23, 2026, to September 30, 2026, both days inclusive. Mr. Chintan K. Patel, Practicing Company Secretary, has been appointed as the Scrutinizer for the voting process.

What the Numbers Show

A divergence is visible between the sharp drop in net profit and the modest decline in total expenditure. While revenue fell by approximately 25%, net profit declined by over 44%. This suggests that fixed costs or non-operating expenses weighed more heavily on margins relative to the top-line contraction. Additionally, the significant rise in long-term loans and advances, coupled with increased borrowings, has pushed the debt-equity ratio up nearly fourfold, indicating a shift towards higher leverage despite lower operational earnings.