Techno Electric & Engineering Company Limited has submitted the results of its postal ballot process to the National Stock Exchange of India Limited and BSE Limited, completing regulatory compliance requirements under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Submission Details

The company submitted its postal ballot results on February 19, 2026, following the completion of the remote e-voting process for appointing Mr. Shailesh Kumar Mishra as Non-Executive Independent Director. The submission was made pursuant to Sections 108 and 110 of the Companies Act, 2013, along with related rules and SEBI regulations.

Postal Ballot Process Overview

The company initiated the postal ballot process with a notice dated January 09, 2026, seeking shareholder approval for the appointment of Mr. Shailesh Kumar Mishra (DIN 08068256) as Non-Executive Independent Director. The remote e-voting period commenced on Wednesday, January 21, 2026 at 9:00 A.M. IST and concluded on Thursday, February 19, 2026 at 5:00 P.M. IST.

Voting Results and Shareholder Response

The postal ballot received substantial shareholder participation, with 454 members casting their votes through the remote e-voting platform. The special resolution for appointing Mr. Shailesh Kumar Mishra as Non-Executive Independent Director for a term of five years was passed with requisite majority.

Category-wise Voting Analysis

The voting results demonstrated varied participation across different shareholder categories, with Promoter and Promoter Group showing complete support and unanimous approval.

Scrutinizer's Report and Compliance

Amarendra Kumar Rai of M/s. Amarendra Rai & Associates, Practicing Company Secretaries (M.No. F8575, CP No. 9373), served as the appointed scrutinizer and submitted the final report on February 19, 2026. The scrutinizer confirmed that the process adhered to all regulatory requirements under the Companies Act, 2013 and SEBI regulations.

The voting results and scrutinizer's report have been uploaded on the company's website at https://www.techno.co.in/ and NSDL's website at www.evoting.nsdl.com for transparency and stakeholder access. The special resolution became effective on February 19, 2026, formally completing Mr. Shailesh Kumar Mishra's appointment as Non-Executive Independent Director for a five-year term.

Techno Electric & Engineering Company Limited has strategically reallocated ₹200 crore from its ₹1,250 crore Qualified Institutional Placement (QIP) following the cancellation of the NERGS-I project by the Government of India. The reallocation redirects funds to the company's Chennai data center development project, demonstrating adaptive capital deployment in response to regulatory changes.

QIP Fund Reallocation Details

CARE Ratings Limited, serving as the monitoring agency, reported the fund reallocation for the quarter ended December 31, 2025. The company obtained board approval on August 12, 2025, for the revised allocation structure.

Project Utilization Progress

The monitoring report reveals varying levels of fund deployment across different project categories. The AMI Solutions projects have achieved complete utilization of their ₹200.00 crore allocation, while other projects show partial deployment.

Unutilized Fund Management

The company has deployed ₹226.68 crore of unutilized proceeds in mutual fund investments, generating returns of 10.96%. These funds are invested in ultra short-term funds from ICICI and Axis, with a combined market value of ₹251.53 crore as of December 31, 2025.

Regulatory Compliance and Monitoring

CARE Ratings Limited confirmed that all necessary government approvals remain in place for the revised project allocations, except for the cancelled NERGS-I project. The monitoring agency noted that technical assistance arrangements are operational and no unfavorable events affect project viability. The reallocation maintains compliance with SEBI regulations governing QIP fund utilization and monitoring requirements.

Implementation Timeline

The report indicates delays in certain project implementations compared to original timelines. The power transmission projects show utilization below projected schedules, while the Chennai data center project has deployed ₹515.00 crore of its revised ₹550.00 crore allocation. The company continues to progress with remaining fund deployment according to revised business priorities and market conditions.