High Energy Batteries (India) Limited has disclosed a share acquisition by its promoter group entity, Dhanashree Investments Private Limited, under SEBI regulations. The transaction involved the purchase of equity shares through open market operations on March 5, 2026.

Transaction Details

Dhanashree Investments Private Limited acquired 2000 equity shares of High Energy Batteries (India) Limited at Rs. 543.12 per share through open market purchase on the BSE. The shares have a face value of Rs. 2.00 each and represent 0.02% of the company's total share capital.

Shareholding Pattern Changes

The acquisition resulted in changes to Dhanashree Investments' shareholding in High Energy Batteries (India) Limited. The promoter group entity's holding increased marginally following this transaction.

Company Information

High Energy Batteries (India) Limited has a total equity share capital of 8963840 shares with a face value of Rs. 2.00 each. The company's shares are listed on BSE under scrip code 504176. The total share capital remained unchanged at 8963840 shares both before and after this acquisition.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Dhanashree Investments Private Limited, being a promoter group entity, is required to disclose such acquisitions to ensure transparency in shareholding changes. The company secretary V. Anantha Subramanian facilitated the regulatory filing on behalf of High Energy Batteries (India) Limited.

High Energy Batteries (India) Limited has announced a postal ballot seeking shareholder approval for three significant board-related resolutions. The company dispatched the postal ballot notice on February 21, 2026, to shareholders registered as of the cut-off date of February 13, 2026.

Board Leadership Continuity

The primary resolution involves the re-appointment of Dr. G A Pathanjali (DIN: 05297665) as Managing Director for his fifth consecutive term. The proposed appointment spans three years from April 01, 2026, to March 31, 2029, requiring approval through a Special Resolution.

Managing Director Compensation Structure

Dr. Pathanjali, aged 66, brings over 40 years of experience to the company. He holds a Chemical Engineering degree from Annamalai University, M.Tech from IIT Kanpur, and Ph.D from IIT Mumbai. His expertise spans various battery technologies including Silver Chloride Magnesium, Silver Oxide Zinc, Nickel Cadmium for Defence applications, and lead acid, flow battery, fuel cells for other applications.

New Board Appointments

The company proposes two additional appointments to strengthen its board composition. Mr. C V Ramana (DIN: 11517220) has been nominated by Life Insurance Corporation of India as Nominee Director, effective January 31, 2026. This appointment requires approval through an Ordinary Resolution.

Director Appointment Details

The third resolution concerns the appointment of Mrs. Jayashree Ajit Shankar (DIN: 08397093) as Woman Independent Director through a Special Resolution. This appointment addresses the upcoming completion of the current Woman Independent Director's second term, as per Section 149(10) of the Companies Act, 2013.

Independent Director Profile

Voting Process and Timeline

Shareholders can participate in the decision-making process through remote e-voting facilitated by Central Depository Services (India) Limited. The company has appointed Mr. A S Kalyanaraman, Practicing Chartered Accountant (Membership No. 201149), as Scrutinizer to ensure fair and transparent voting.

Key Voting Dates

The postal ballot notice is available on the company's website at www.highenergy.co.in and CDSL's e-voting platform. Shareholders holding shares in both physical and dematerialized form as of the cut-off date are eligible to vote electronically. The voting results will be declared at the company's registered office and communicated to BSE Limited immediately upon declaration.