Dear sir/Madam, PFA voting results of 30th AGM of Indowind Energy Limited.
INDOWIND · price
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Indowind Energy Ltd held its 30th AGM on 26th September 2025 via video conferencing, with e-voting conducted from 23rd to 25th September 2025. All 10 resolutions were passed with the required majority. These included adoption of audited financial statements for FY ended 31st March 2025, re-appointment of Mr. N.K. Haribabu as director (retiring by rotation), appointment of Secretarial Auditor (KRA & Associates), and appointment of two new Independent Directors — Mr. Baskaran B R and Mr. Sridhar. Five resolutions approved Material Related Party Transactions with Indus Finance Ltd, Loyal Credit and Investments Ltd, Indowind Power Pvt Ltd, Everon Power Ltd, and between the subsidiary Indowind Power and promoter group entity Everon Power. Promoters abstained from voting on related party resolutions as they were deemed interested. Overall voting turnout was about 47.6% of outstanding shares, with all resolutions securing over 91% approval.
Routine AGM outcomes with all resolutions passed — no surprises for shareholders. Related party transactions received comparatively lower public approval (91-97%), reflecting some dissent among minority shareholders but still well above the required threshold. Appointment of two new Independent Directors strengthens board oversight.