Times Green Energy (India) Limited has scheduled its 16th Annual General Meeting for September 14, 2026. The meeting will take place at Maheswari Chambers in Hyderabad at 11:00 am.

The company circulated the notice of the AGM along with the Annual Report for FY26 to members electronically. Shareholders whose email IDs are not registered are requested to update their details with their Depository Participants or the Registrar and Transfer Agent.

E-Voting and Book Closure Details

The company has enabled remote e-voting through National Securities Depository Limited (NSDL). The voting period commences on September 10, 2026, at 9:00 am and concludes on September 13, 2026, at 5:00 pm IST. Once a vote is cast, it cannot be changed subsequently.

Voting rights are determined by the shareholding as on the cut-off date of September 7, 2026. Members who acquire shares after the dispatch of the notice but hold them as on the cut-off date may request User ID and password credentials from NSDL.

Key Dates

The Register of Members and Share Transfer books will remain closed from September 7 to September 13, 2026, inclusive, for the purpose of the meeting.

Times Green Energy reported a 45% year-on-year decline in revenue for the financial year ended March 31, 2026, driven by lower trading volumes in its agri-produce business. The company posted a net profit of ₹22.13 lakh, down from ₹39.91 lakh in the previous year.

The Hyderabad-based firm significantly strengthened its balance sheet during the period. It raised ₹898.56 lakh through a rights issue at ₹80 per share and allotted bonus shares in a 1:1 ratio. These capital infusions allowed the company to fully repay long-term borrowings of ₹312 lakh, reducing its debt-equity ratio to 0.02 from 0.09.

Financial Performance

Revenue from operations fell to ₹2,206.07 lakh from ₹4,003.50 lakh in FY25. Total income decreased to ₹2,206.26 lakh against ₹4,009.56 lakh previously. Profit before tax stood at ₹30.26 lakh, compared to ₹52.92 lakh in the prior year. Depreciation expenses rose slightly to ₹3.57 lakh from ₹2.09 lakh.

Balance Sheet Signals

Total assets grew by 43% to ₹6,988.19 lakh, while shareholders' equity increased by 27% to ₹4,338.55 lakh. The company's paid-up capital expanded from ₹166.40 lakh to ₹557.44 lakh following the equity issuances. Current liabilities rose sharply to ₹2,649.64 lakh from ₹1,047.23 lakh, primarily due to higher trade payables and advances from customers.

What the Numbers Show

The divergence between the sharp decline in revenue and the significant increase in current liabilities highlights a working capital strain. Trade receivables more than doubled to ₹2,871.76 lakh from ₹1,494.93 lakh, while trade payables surged to ₹2,272.44 lakh from ₹977.67 lakh. This suggests that despite lower sales volumes, the company is extending more credit to buyers or facing delayed collections, necessitating higher supplier credit to fund operations.

Corporate Actions

The board recommended no dividend for FY26 to conserve resources for growth. The company also proposed raising up to ₹30 crore through non-convertible debentures carrying an 18% coupon rate. Additionally, shareholders approved alterations to the memorandum of association to expand into agricultural exports and renewable energy projects.

The sixteenth annual general meeting is scheduled for September 14, 2026, in Hyderabad. Statutory auditors M/s TRAK & Associates were appointed for a five-year term.