Spectrum Electrical Industries has scheduled a meeting of its Board of Directors for Friday, September 4, 2026. The session will be held at the company's registered office in Jalgaon, Maharashtra.

The board is set to consider and approve the Directors' Report for the financial year ended March 31, 2026, along with applicable annexures. This procedural step precedes the convening of the company's annual general meeting.

Agenda Details

In addition to the annual report, the board will address several key governance matters during the session:

• Approval of the draft notice for the 18th Annual General Meeting (AGM).
• Appointment of a scrutinizer to oversee the remote e-voting process, ensuring votes are cast in a fair and transparent manner.
• Transaction of any other matter with the permission of the Chairman.

The intimation was issued pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 173 of the Companies Act, 2013. Rahul Lavane, Company Secretary and Compliance Officer, signed the disclosure.

Spectrum Electrical Industries shareholders have formally approved a ₹324.99 crore preferential allotment of equity shares and convertible warrants. The resolution passed with unanimous support from promoters and public investors at the Extra-Ordinary General Meeting (EGM) held on August 20, 2026.

The voting results, submitted to stock exchanges on August 21, 2026, confirm that the special resolution was passed by a significant majority. Out of 1,57,13,840 shares on record as of August 13, 2026, 1,41,14,102 votes were cast in favor, representing 89.82% participation. No votes were cast against the proposal.

Voting Breakdown

Promoter and promoter group shareholders, holding 1,14,27,260 shares, voted entirely in favor via remote e-voting. Public institutional investors showed strong support, with 96.94% of their 6,30,275 shares voting for the resolution. Public non-institutional shareholders also backed the move, with 56.78% of their 36,56,305 shares participating in favor.

Meeting Proceedings

Mr. Pankaj Ravindra Rote chaired the meeting after Chairman and Managing Director Mr. Deepak Suresh Chaudhari recused himself due to his interest in the resolution. Mr. Rahul Lavane, Company Secretary, presided over the proceedings in compliance with the Companies Act, 2013.

Remote e-voting was conducted via Bigshare Services Private Limited from August 16 to August 19, 2026. Physical attendees cast votes using ballot papers. Ms. Yuti Nagarkar, Practicing Company Secretary, served as the scrutinizer. Her consolidated report confirmed that all electronic data and records were securely preserved and that the resolution met the requisite majority under Regulation 44(3) of SEBI (LODR) Regulations, 2015.

Utilization of Proceeds

The capital infusion is designated for utilization as outlined in the explanatory statement accompanying the EGM notice and its corrigendum. The funds will be raised from the company’s promoter and marquee investors (non-promoter).