Hitachi Energy India Limited has informed the Exchange about Proceedings of the 6th Annual General Meeting of the Company held today i.e., on August 20, 2025
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Hitachi Energy India held its 6th AGM on August 20, 2025, in Bengaluru, with 143 members attending in person and 17 via video conferencing, representing strong shareholder participation. All 7 resolutions were passed with the requisite majority, including adoption of FY25 financial statements, declaration of dividend, re-appointment of director Ismo Antero Haka, re-appointment of S.R. Batliboi & Associates as statutory auditors, appointment of V. Sreedharan and Associates as secretarial auditors, approval of cost auditor remuneration, and approval of material related party transactions with Hitachi Energy Sweden AB for FY26. The Chairman highlighted India's 6.5% GDP growth in FY25, the company's 75 years of India operations, and its recent Rs 2,520.82 crore QIP raise earmarked for capacity expansion and HVDC projects. The company noted India's power sector is growing rapidly, with peak demand hitting 250 GW and electricity demand expected to grow 6.3% annually through 2027, supported by a 500 GW renewable energy target by 2030.
All resolutions passed with overwhelming support (mostly above 99%), indicating strong shareholder confidence in management. The AGM reinforced the company's growth strategy in India's expanding power and renewables sector, with the recent QIP funding providing capital for expansion. No negative signals; the routine approval of related party transactions with the parent group is standard for the company structure.