PTC India Shareholders Approve Director Appointments Through Postal Ballot

PTC India Limited has successfully completed its postal ballot process, with shareholders approving three key director appointments on January 8, 2026. The company disclosed the voting results under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating strong shareholder support across all proposed resolutions.

Postal Ballot Overview

The postal ballot process was conducted entirely through electronic voting, with the e-voting period running from December 10, 2025 at 9:00 AM to January 8, 2026 at 5:00 PM. The company engaged National Securities Depository Limited (NSDL) to provide the e-voting platform, while Mr. Ashish Kapoor of Ashish Kapoor & Associates served as the scrutinizer to ensure fair and transparent proceedings.

Parameter:	Details
Record Date:	December 5, 2025
Total Shareholders:	2,81,246
Total Outstanding Shares:	2,96,00,8321
Resolutions Passed:	3
Scrutinizer:	Ashish Kapoor (FCS: 8002)

Resolution Results

All three resolutions received overwhelming approval from shareholders, with voting percentages well above the required majority thresholds.

Resolution 1: Re-appointment of Prakash Mhaske

The re-appointment of Shri Prakash Mhaske (DIN: 08512385) as Independent Director was approved as a Special Resolution with 97.10% votes in favor.

Category:	Votes Polled	Votes in Favor	Approval Rate (%)
Promoter Group:	4,80,00,000	4,80,00,000	100.00
Public Institutions:	9,43,63,191	8,99,33,432	95.31
Public Non-Institutions:	1,18,72,868	1,18,25,560	99.60
Total:	15,42,36,059	14,97,58,992	97.10

Resolution 2: Appointment of Sukhdev Singh

The appointment of Shri Sukhdev Singh (DIN: 03288811) as Independent Director received the highest approval rate at 97.94%.

Category:	Votes Polled	Votes in Favor	Approval Rate (%)
Promoter Group:	4,80,00,000	4,80,00,000	100.00
Public Institutions:	9,43,63,191	9,12,17,029	96.67
Public Non-Institutions:	1,18,71,820	1,18,38,362	99.72
Total:	15,42,35,011	15,10,55,391	97.94

Resolution 3: Appointment of Masood Akhtar Ansari

The appointment of Shri Masood Akhtar Ansari (DIN: 10429528) as Non-Executive Nominee Director was passed as an Ordinary Resolution with 95.90% approval.

Category:	Votes Polled	Votes in Favor	Approval Rate (%)
Promoter Group:	4,80,00,000	4,80,00,000	100.00
Public Institutions:	9,43,63,191	8,81,23,226	93.39
Public Non-Institutions:	1,18,68,823	1,17,91,082	99.34
Total:	15,42,32,014	14,79,14,308	95.90

Regulatory Compliance and Process

The postal ballot was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and relevant MCA circulars. The postal ballot notice dated December 9, 2025 was sent electronically to all eligible shareholders, with newspaper advertisements published in Business Standard in both English and Hindi on December 10, 2025.

The scrutinizer's report confirmed that all resolutions were passed with requisite majority, and the voting results have been filed with stock exchanges and made available on the company's website at www.ptcindia.com as required under regulatory guidelines.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.01%	-2.12%	+4.46%	-12.74%	+10.86%	+163.00%

PTC India has announced a strategic joint venture agreement with NLC India Renewables Limited to develop comprehensive green energy projects with a total capacity of up to 2000 MW. This collaboration marks a significant expansion in India's renewable energy sector, bringing together two key players to accelerate clean energy infrastructure development.

Joint Venture Partnership Details

The partnership between PTC India and NLC India Renewables Limited encompasses a diverse portfolio of renewable energy technologies designed to maximize clean energy generation capacity.

Parameter	Details
Total Capacity	Up to 2000 MW
Partner Company	NLC India Renewables Limited
Project Type	Green Energy Development
Agreement Nature	Joint Venture

Technology Portfolio and Scope

The joint venture covers multiple renewable energy technologies, demonstrating a comprehensive approach to clean energy development. The collaboration includes four key technology segments:

Solar Power Systems: Photovoltaic installations for harnessing solar energy
Wind Energy Projects: Wind turbine installations for wind power generation
Hydroelectric Systems: Water-based renewable energy generation
Battery Storage Solutions: Energy storage systems for grid stability and power management

Strategic Significance

This partnership represents a substantial commitment to India's renewable energy goals, with the 2000 MW capacity target positioning both companies as significant contributors to the country's clean energy transition. The multi-technology approach ensures diversified energy generation capabilities across different renewable sources.

The collaboration between PTC India and NLC India Renewables Limited combines expertise from both organizations to deliver large-scale renewable energy infrastructure. The inclusion of battery storage systems alongside generation technologies indicates a focus on comprehensive energy solutions that address both production and storage requirements.

Market Impact

The joint venture agreement strengthens both companies' positions in the rapidly expanding renewable energy market. By combining solar, wind, hydro, and battery storage technologies under a single partnership, the collaboration offers integrated clean energy solutions that can serve diverse market requirements and geographical conditions across India.