In a move that could potentially benefit electric vehicle manufacturers like Olectra Greentech , Delhi's Chief Minister has proposed the use of electric school buses as a measure to reduce pollution in the city. This development comes at a time when Olectra Greentech, a key player in the electric vehicle sector, is preparing for its upcoming Annual General Meeting (AGM) and making strategic appointments.

Delhi's Push for Cleaner Transportation

The proposal to introduce electric school buses in Delhi is part of the city's broader efforts to combat air pollution, a persistent problem in the national capital. If implemented, this initiative could create significant opportunities for companies specializing in electric buses, such as Olectra Greentech.

Olectra Greentech's Strategic Positioning

Olectra Greentech, known for its involvement in the electric vehicle sector, stands to potentially benefit from such initiatives. The company's expertise in manufacturing electric buses could position it as a strong contender for any future contracts related to the Delhi government's proposal.

Corporate Governance and Future Plans

While the market anticipates the potential impact of Delhi's proposal, Olectra Greentech is moving forward with its corporate governance activities. The company recently announced several key decisions made during its Board Meeting:

1. Annual General Meeting: The 25th AGM is scheduled for September 27, to be conducted through video conferencing.

2. Book Closure: The Register of Members will be closed from September 21 to September 27 for the AGM purposes.

3. E-Voting Period: Shareholders can participate in e-voting from September 24 to September 26.

4. Dividend Consideration: A record date of September 20 has been set for the potential payment of a final dividend at the rate of 10% (Rs. 0.40 per equity share of Rs. 4 each) for the financial year ended March 31, subject to shareholder approval.

5. Appointment of Secretarial Auditors: The Board has approved the appointment of M/s. VCSR & Associates as Secretarial Auditors for a five-year term, pending shareholder approval at the AGM.

Looking Ahead

As Olectra Greentech prepares for its AGM and potential dividend distribution, the company may find itself in a favorable position to capitalize on the growing demand for electric vehicles in urban areas. The Delhi government's proposal for electric school buses, if implemented, could serve as a catalyst for similar initiatives in other cities, potentially opening up new markets for electric vehicle manufacturers.

While the immediate impact of Delhi's proposal on Olectra Greentech remains to be seen, the company's ongoing corporate activities and strategic positioning in the electric vehicle sector suggest it is preparing for future growth opportunities in the evolving landscape of sustainable urban transportation.

Olectra Greentech has announced key dates and decisions related to its upcoming 25th Annual General Meeting (AGM) and proposed final dividend for the financial year ended March 31, 2025.

Book Closure and Record Date

The company has set the book closure period from September 21, 2025, to September 27, 2025 (both days inclusive). The record date has been fixed as September 20, 2025, for the purpose of the AGM and determining shareholder eligibility for the final dividend.

Annual General Meeting

Olectra Greentech's 25th AGM is scheduled for Saturday, September 27, 2025, at 1:00 P.M. The meeting will be conducted through Video Conference (VC) or Other Audio-Visual Means (OAVM), adapting to the digital format for shareholder convenience.

Proposed Final Dividend

The Board of Directors has proposed a final dividend of 10% (Rs. 0.40 per equity share) on the face value of Rs. 4 per share for the financial year ended March 31, 2025. This dividend is subject to shareholder approval at the upcoming AGM.

E-Voting Period

Shareholders can participate in e-voting for the AGM resolutions from September 24, 2025 (9:00 A.M.) to September 26, 2025 (5:00 P.M.).

Appointment of Secretarial Auditors

The Board has approved the appointment of M/s. VCSR & Associates, Practicing Company Secretaries, as the Secretarial Auditors of the company. This appointment is for a period of five consecutive years, from the conclusion of the 25th AGM until the 30th AGM to be held in the financial year 2030. The appointment covers the financial years 2025-26 to 2029-30 and is subject to shareholder approval at the upcoming AGM.

M/s VCSR & Associates, established in 2014 and based in Hyderabad, has been serving as Olectra Greentech's Secretarial Auditors since 2019. The firm specializes in various areas including Company Law, Insolvency Law, Securities Laws & FEMA, Corporate Restructuring, and Compliance Management.

These announcements reflect Olectra Greentech's commitment to maintaining transparent communication with its shareholders and ensuring compliance with regulatory requirements. Investors and stakeholders are advised to take note of these important dates and developments.