Please find enclosed herewith Notice of 14th Annual General Meeting ("AGM").
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Advance Metering Technology Ltd (BSE: 534612), part of the PKR Group, has issued notice for its 14th AGM to be held on Tuesday, September 30, 2025, at 10:30 AM via video conferencing. The AGM will consider five items: adoption of audited standalone and consolidated financial statements for FY25, re-appointment of Mr. Pranav Kumar Ranade (Executive Director, aged 77, holding 8,54,635 shares) as a director liable to retire by rotation, and appointment of M/s. Navneet K Arora & Co LLP as Secretarial Auditor for five years (FY 2025-26 to 2029-30). The most significant item is a special resolution to sell, transfer or dispose of the company's entire Wind Power Undertaking — an 11.7 MW wind power generation unit located in Jaisalmer, Rajasthan — for a minimum consideration of ₹25 crore. The company cites continuous decline in power generation and ageing turbines as the rationale. Remote e-voting will be open from September 27 to September 29, 2025, with the cut-off date set as September 23, 2025.
The proposed sale of the underperforming 11.7 MW wind power business for at least ₹25 crore signals a strategic exit from a non-core, declining asset, and proceeds are required to be parked in bank deposits, government securities or mutual funds until redeployment plans are approved. While this could improve financial flexibility and remove a drag on operations, the wind unit's deteriorating performance and scale disadvantage highlight execution challenges in the renewables segment.