Hitachi Energy India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 20, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
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Hitachi Energy India Limited held its 6th Annual General Meeting on August 20, 2025, in Bengaluru from 11:00 AM to 1:09 PM IST, with attendance from 143 members in person, 1 proxy, 1 authorized representative, and 17 members via video conference. All 7 resolutions were passed with the requisite majority, including adoption of FY25 financial statements, declaration of dividend, re-appointment of a retiring director (Mr. Ismo Antero Haka), re-appointment of S.R. Batliboi & Associates LLP as statutory auditors, appointment of V. Sreedharan and Associates as secretarial auditors, approval of cost auditor remuneration for FY26, and approval of material related party transactions with Hitachi Energy Sweden AB. The promoter (Hitachi Energy Ltd.) holds 31,786,256 equity shares representing 71.31% of paid-up capital and voted 100% in favor on all resolutions where it was eligible. The Chairman's speech highlighted the company's 75 years of operations in India, a recent ₹2,520.82 crore QIP raise for capacity expansion, and focus on renewables, HVDC, data centers, and rail electrification.
All resolutions passed with overwhelming support (over 98.8% in favor on each), indicating strong shareholder confidence and routine corporate governance. The ₹2,520.82 crore QIP raise and emphasis on high-growth segments like HVDC, data centers, and renewables could support future growth, though the immediate stock impact is likely neutral as these are procedural approvals.