RTS Power approves FY26 financials, appoints Arun Pareek as independent director
- RTS Power shareholders approved audited standalone and consolidated financial statements for FY26
- Arun Pareek appointed as Non-Executive Independent Director for a five-year term starting September 21, 2026
- Managing Director Abhay Bhutoria re-appointed as director liable to retire by rotation
- Cost auditor remuneration of ₹40,000 plus GST ratified for FY27
- All resolutions passed with over 99.9% votes in favor
*this image is generated using AI for illustrative purposes only.
RTS Power Corporation shareholders approved the audited standalone and consolidated financial statements for FY26 at its 78th Annual General Meeting held on September 21, 2026. The meeting also saw the appointment of Arun Pareek as a non-executive independent director for a five-year term.
The virtual meeting commenced at 12:15 pm and concluded at 1:05 pm. Fifty shareholders attended the proceedings. The quorum was present throughout the meeting. Mr. Arun Lodha, Chairman, presided over the event via video conferencing from Jaipur.
Key Resolutions Passed
Shareholders voted in favor of all resolutions placed before them with overwhelming support. The voting results were scrutinized by Mr. Manoj Prasad Shaw and declared by the Chairman.
| Resolution | Votes In Favour | Votes Against | Resolution Type |
|---|---|---|---|
| Adoption of audited Standalone Financial Statements for FY26 | 5,904,111 | 108 | Ordinary |
| Adoption of audited Consolidated Financial Statements for FY26 | 5,904,111 | 108 | Ordinary |
| Re-appointment of Mr. Abhay Bhutoria as Director | 5,904,111 | 108 | Ordinary |
| Ratification of Cost Auditor remuneration | 5,904,111 | 108 | Ordinary |
| Appointment of Mr. Arun Pareek as Independent Director | 5,904,111 | 108 | Special |
Mr. Abhay Bhutoria, Managing Director, was re-appointed as a director liable to retire by rotation. The Board also ratified the remuneration of ₹40,000 plus applicable GST to M/s K.G. Goyal & Associates as Cost Auditors for the financial year ending March 31, 2027.
Governance and Auditor Updates
The Statutory Auditor, M/s Jain Shrimal & Co, confirmed there were no qualifications, observations, or comments in the Auditors' Report that required reading at the meeting. The Secretarial Auditor's Report was also available for inspection.
The Board appointed Mr. Arun Pareek (DIN: 06521406) as a Non-Executive Independent Director for a first term of five years, effective from September 21, 2026, to September 20, 2031. This appointment was made pursuant to Sections 149, 150, and 152 of the Companies Act, 2013.
Shareholder Engagement
During the question-and-answer session, registered shareholder speakers raised queries regarding capital expenditure, future growth strategies, operational efficiency, order book status, debt management, working capital, and cybersecurity measures. Mr. Siddharth Bhutoria, Whole-time Director, addressed these queries.
The Company Secretary, Mr. Sandip Gupta, informed members that electronic voting was available throughout the AGM. Remote e-voting had commenced on September 18, 2026, and concluded on September 20, 2026. The facility for appointing proxies was not provided in compliance with MCA and SEBI circulars.
Historical Stock Returns for RTS Power Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.78% | +0.02% | -9.06% | -7.15% | -7.15% | -7.15% |
How will the appointment of Arun Pareek as an independent director influence RTS Power's strategic decision-making and corporate governance standards over the next five years?
What specific growth strategies did management outline during the Q&A session to address shareholder concerns regarding future capital expenditure and operational efficiency?
Given the overwhelming approval of financial statements, what are the projected revenue targets and margin improvements for FY27 based on the current order book status?
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