Gmr Power And Urban Infra Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
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GMR Power and Urban Infra Limited held its 6th Annual General Meeting on September 29, 2025, via video conferencing, chaired by Mr. G.M. Rao. The meeting started at 11:00 a.m. and concluded at 12:21 p.m. Ten resolutions were transacted, including adoption of the audited financial statements for FY ended March 31, 2025, re-appointment of two directors retiring by rotation, and re-appointment of Walker Chandiok & Co LLP as statutory auditors. Three independent directors (Mr. Shantanu Ghosh, Dr. Fareed Ahmed, and Ms. Suman Naresh Sabnani) were also re-appointed under special business. Importantly, shareholders approved a proposal to raise funds through the issuance of equity shares or other eligible securities via Qualified Institutions Placement (QIP) and/or Foreign Currency Convertible Bonds (FCCB). The scrutinizer's report and final voting results are awaited and will be disclosed to the exchanges once available.
The QIP/FCCB fundraise approval is the most material item — it gives the company flexibility to raise fresh capital, which could lead to equity dilution for existing shareholders depending on the size and pricing of any future issuance. Other items (director re-appointments, auditor re-appointments) are routine and unlikely to move the stock. Investors should watch for the voting results disclosure for the final tally on each resolution.