Times Green Energy (India) Limited has scheduled its 16th Annual General Meeting for September 14, 2026, in Hyderabad. The company will seek shareholder approval for a ₹30 crore non-convertible debenture (NCD) issue carrying an 18% coupon rate. The meeting also covers the reappointment of Whole-Time Director Chandaka Janardhanrao and the regularization of two independent directors.

The proposed debt issuance involves 600 senior, secured, unlisted NCDs with a face value of ₹5 lakh each. The tenor is set at 48 months from the date of allotment, with interest payable semi-annually. To secure the debt, the company proposes creating a first-ranking mortgage charge over its immovable property located in Yadadri Bhuvanagiri District, Telangana. Axis Trustee Services Limited is appointed as the debenture trustee.

Capital Raising and Strategic Expansion

The proceeds from the NCD issue are earmarked for general corporate purposes, including working capital requirements for agro-related activities and sanitary napkin manufacturing. The company plans to use funds to construct a fully automated sanitary napkin unit and launch FMCG brands. Additionally, capital will support the expansion of healthcare services through hospital ventures.

In parallel, shareholders will vote on altering the Memorandum of Association to expand business operations into agricultural commodities and renewable energy projects. The new object clauses permit trading in agri-commodities and developing wind-solar hybrid power generation projects. The company has also sought authority to raise up to ₹100 crore through permissible equity or debt instruments in the future.

Board Appointments

The AGM agenda includes governance changes involving key leadership roles:

• Reappointment of Chandaka Janardhanrao as Whole-Time Director for five years, effective August 25, 2026.
• Regularization of Divaker Nandanam as Non-Executive Independent Director for a five-year term starting January 20, 2026.
• Regularization of Sheeza Abbas as Non-Executive Independent Director for a five-year term starting August 18, 2026.
• Appointment of Ramakrishna Avadhanam as Whole-Time Director for five years, effective August 18, 2026.

M/S TRAK & Associates has been proposed for appointment as statutory auditors for a five-year term until 2031. Remote e-voting facilities will be available via NSDL from September 10 to September 13, 2026.

The Board of Directors of Times Green Energy has approved the re-appointment of Chandaka Janardhanrao as a Whole Time Director. The decision was taken during a board meeting held on August 20, 2026, at the company's registered office in Hyderabad.

The re-appointment is based on the recommendation of the Nomination and Remuneration Committee. It is subject to the approval of shareholders in a general meeting. The revised Draft Notice of the Annual General Meeting (AGM) includes this transaction along with other matters approved by the Board on August 18, 2026.

Appointment Details

Chandaka Janardhanrao will serve as an additional Executive Director designated as Whole Time Director. His tenure will be for a period of five years, commencing on August 25, 2026.

Profile and Disclosure

Janardhanrao brings experience as a management consultant across various companies. He is also associated as a Designated Partner in Anubhoothi Jewellers LLP. The company disclosed that he is not debarred from holding the office of director by virtue of any SEBI order or other regulatory authority. No relationships between directors were disclosed in relation to this appointment.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.