Fujiyama Power Systems Limited has successfully concluded its postal ballot process, with shareholders approving all four proposed resolutions through remote e-voting. The company announced the voting results on March 09, 2026, following the completion of scrutinizer review by Mr. Raghav Bansal of M/s Raghav Bansal & Associates.

Postal Ballot Process Overview

The remote e-voting process commenced on February 05, 2026 at 9:00 AM and concluded on March 06, 2026 at 5:00 PM. The company had 85,519 shareholders on the record date of January 30, 2026, with a total paid-up equity share capital of ₹30.64 crore comprising 30,64,10,934 equity shares of ₹1 each.

Resolution-wise Voting Results

All four resolutions received overwhelming support from shareholders, with voting participation reaching 85.12% of outstanding shares across all resolutions.

Resolution 1: ESOP Scheme Ratification (Special Resolution)

The ratification of the amended Employee Stock Option Scheme 2023 received strong approval with 96.36% votes in favor.

Resolution 2: Equity Share Issuance Approval (Ordinary Resolution)

The approval for issuance and listing of equity shares under the ESOP scheme also secured 96.36% support.

Resolution 3: Enhanced Borrowing Limits (Special Resolution)

Shareholders approved increased borrowing limits beyond the aggregate of paid-up capital, free reserves, and securities premium with 97.10% support.

Resolution 4: Creation of Charges and Mortgages (Special Resolution)

The final resolution for creating charges, mortgages, and hypothecations on properties received 97.10% approval.

Regulatory Compliance and Documentation

The postal ballot process was conducted in compliance with Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI LODR Regulations, 2015. The company published advertisements in Financial Express (English) and Jansatta (Hindi) newspapers on February 04, 2026, informing shareholders about the postal ballot notice.

The voting results and scrutinizer's report have been made available on the company's website at www.utlsolarfujiyama.com , stock exchange websites, and the e-voting platform of MUFG Intime India Private Limited. All resolutions were deemed passed on March 06, 2026, being the last date of the remote e-voting process.

Fujiyama Power Systems has announced the commencement of operations at its Dadri unit, marking a significant operational milestone for the company. The facility has officially started operations and is positioned to contribute to the company's revenue stream beginning this quarter.

Operational Milestone

The startup of the Dadri unit represents a key development in the company's operational expansion strategy. With operations now underway, the facility is expected to begin generating revenue contributions during the current quarter.

Revenue Generation Timeline

The company has indicated that the Dadri unit will begin contributing to revenue generation this quarter, following the successful commencement of operations. This timeline suggests that the facility has completed its commissioning phase and is now ready for commercial operations.

The operational startup of the Dadri unit demonstrates the company's progress in expanding its operational footprint and enhancing its revenue-generating capacity through strategic facility development.