Synergy Green Industries shareholders approved a significant increase in the company’s borrowing capacity during its 16th Annual General Meeting (AGM) held on July 23, 2026. The meeting, conducted via video conference from the registered office in Kolhapur, saw members pass resolutions to raise the borrowing limit to ₹250.00 crore, declare dividends on preference shares, and appoint new statutory auditors. These decisions aim to strengthen the company’s financial flexibility and ensure compliance with regulatory requirements for the upcoming fiscal periods.

The AGM was chaired by Sachin R. Shirgaokar, Chairman & Managing Director, with 42 members participating electronically. Nilesh M. Mankar, Company Secretary and Compliance Officer, confirmed the quorum and oversaw the proceedings in accordance with Ministry of Corporate Affairs (MCA) General Circular No. 09/2024 and SEBI circular SEBI/HO/CFD/CFDPoD-2/P/CIR/2024/133. The meeting commenced at 11:00 a.m. and concluded at 11:45 a.m. Key managerial personnel, including V. S. Reddy, Executive Director, and Pratik Dukande, Chief Financial Officer, were present alongside statutory auditor Guruprasad Bobhate and secretarial auditor Devendra Deshapande.

Ordinary Business Resolutions

Shareholders approved several ordinary business items, including the adoption of the standalone and consolidated audited financial statements for the financial year ended March 31, 2026. The Board’s Report and Auditors’ Report accompanying these statements were also received and adopted.

The dividend resolution authorized a final dividend of ₹10 per Preference Share of ₹100 each, totaling ₹1,07,10,000 for FY25-26. Furthermore, M/s P. G. Bhagwat LLP (FRN: 101118W/W100682) was appointed as Statutory Auditors for a five-year term commencing from the conclusion of the AGM until the AGM for the year 2031.

Special Business and Strategic Approvals

The most material special resolution involved increasing the company’s borrowing limits under Section 180(1)(c) and 180(1)(a) of the Companies Act, 2013. Members consented to raise the aggregate borrowing limit from ₹200.00 crore to ₹250.00 crore. This includes permission to create mortgages, charges, or hypothecation over present and future movable or immovable properties to secure fund-based and non-fund-based facilities from financial institutions and banks.

Additionally, shareholders granted consent for Subhash G. Kutte, Independent Director, to continue his tenure until January 07, 2029, despite attaining the age of 75 years, in compliance with Regulation 17(1A) of the SEBI (LODR) Regulations, 2015. The company also ratified the remuneration of ₹2,50,000 plus applicable taxes and out-of-pocket expenses for M/s Dhananjay V. Joshi & Associates, Cost Accountants, for conducting the cost audit for FY26-27.

What the Numbers Show

The approval of a ₹50.00 crore increase in borrowing limits signals Synergy Green Industries’ intent to expand its operational capacity or fund capital expenditures without diluting equity. By securing shareholder consent for encumbrances on assets up to ₹250.00 crore, the company has unlocked greater leverage for working capital assistance and term loans. This move, combined with the continuity of independent director Subhash G. Kutte, suggests a focus on maintaining governance stability while pursuing aggressive growth strategies in the coming fiscal years.

Synergy Green Industries Limited has filed a revised Annual Report for the financial year 2025-26 with BSE Limited and the National Stock Exchange of India Ltd., following the identification of certain typographical errors in the original report submitted on July 01, 2026. The company clarified that these typographical errors do not impact the financial statements for the year ended March 31, 2026, and that the corrigendum should be read in conjunction with the original Annual Report. The revised report has been made available on the websites of BSE, NSE, and the company's website at https://synergygreenind.com/investors-relations/ .

Financial Performance for FY 2025-26

The company recorded total income of ₹37,637.36 Lakhs in FY 2025-26, compared to ₹36,368.30 Lakhs in the previous year, representing a marginal growth of 3.49%. Export revenues rose to ₹10,564.63 Lakhs from ₹9,777.44 Lakhs in the prior year, an increase of 8.05%, and accounted for approximately 27% of total revenues. The following table summarises the key standalone financial results:

Profitability was impacted by higher outsourcing and operating costs associated with the relocation and stabilization of the new unit, increased finance costs and depreciation linked to capital expenditure, and lower export realizations during the development phase of the in-house machining facility. PBDIT stood at ₹4,932.18 Lakhs against ₹5,369.91 Lakhs in the previous year, a year-on-year decline of 8.15%. Profit after tax for the year was ₹465.83 Lakhs, compared to ₹1,688.82 Lakhs in the prior year.

Multi-Year Financial Highlights

The following table presents the company's revenue and key profitability metrics over the past six financial years:

Transformational Capex Programme and Operational Milestones

FY 2025-26 was described as a transformational year, marked by the successful completion of the company's ₹217 crore capex programme spanning foundry expansion, in-house machining, and captive solar power. The investments were funded through the Rights Issue completed in October 2024, internal accruals, and debt financing. Key operational milestones achieved during the year included:

• Completion of brownfield foundry expansion, enhancing single product weight capability from 23 MT to 30 MT and increasing overall foundry capacity from 30,000 TPA to 45,000 TPA.
• Establishment of a new fettling and inspection facility designed for 45,000 TPA capacity.
• Development of 12 new products across major OEM customers on higher MW turbine platforms of up to 5 MW.
• Commissioning of state-of-the-art machining and surface treatment facilities with an installed capacity of 20,000 TPA.
• Expansion of captive solar power capacity from 2 MW to 10 MW.

Key Financial Ratios

The company reported significant changes in several key financial ratios for FY 2025-26 compared to FY 2024-25, primarily reflecting the impact of the capital expenditure programme:

The increase in the Debt-Equity Ratio to 2.25 from 1.45 reflects borrowings availed for the capex programme. The decline in the Net Profit Ratio and Return on Net Worth is attributed to higher depreciation and finance costs associated with the capital expenditure and a lower profit after tax for the year.

Human Resources and Workforce

The company had 252 permanent employees on its rolls as on March 31, 2026. The median remuneration of employees during the financial year was Rs. 4.81 Lakh, with an increase of 6.43% in the median remuneration compared to the previous year. The company maintained a Zero TRIR (Total Recordable Incident Rate) for four consecutive years and holds ISO 45001 Occupational Health & Safety Management System certification.

16th Annual General Meeting and AGM Agenda

The 16th Annual General Meeting of the company is scheduled for Thursday, July 23, 2026, at 11:00 A.M., to be held at the Registered Office through Video Conferencing. The remote e-voting period opens on Monday, July 20, 2026, at 09:00 A.M. and closes on Wednesday, July 22, 2026, at 05:00 P.M. Key items of business at the AGM include:

• Adoption of standalone and consolidated audited financial statements for the year ended March 31, 2026.
• Re-appointment of Mr. Niraj S. Shirgaokar as a director retiring by rotation.
• Declaration of dividend on 10% Redeemable Cumulative Preference Shares for FY 2025-26.
• Appointment of M/s P. G. Bhagwat LLP, Chartered Accountants, as statutory auditors for a period of 5 years in place of retiring auditors M/s D A B & Associates.
• Continuation of Mr. Subhash G. Kutte as Independent Director under Regulation 17(1A) of SEBI (LODR) Regulations 2015.
• Increase in borrowing limits under Section 180(1)(c) and 180(1)(a) of the Companies Act, 2013 from Rs. 200.00 Crores to Rs. 250.00 Crores.
• Ratification of remuneration payable to Cost Auditor M/s. Dhananjay V. Joshi & Associates for FY 2026-27 at Rs. 2,50,000/-.
• Acceptance/renewal of unsecured deposits from members under Section 73 of the Companies Act, 2013.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE00QT01015/364ad9b2-16d2-4115-a39c-972b5b94cc08.pdf