K.P. Energy Limited has informed the Exchange regarding Notice of Postal Ballot
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K.P. Energy Limited has filed a Postal Ballot Notice dated July 7, 2025, seeking shareholder consent via remote e-voting (CDSL platform) from July 11, 2025 to August 9, 2025. The six resolutions include: (1) Re-appointment of Mr. Affan Faruk Patel as Whole Time Director for another 5 years (Sept 29, 2025 to Sept 28, 2030) with revised remuneration up to ₹14.50 lakh/month; (2) Continuation of Mr. Rajendra Desai as Independent Director beyond age 75 (until Nov 9, 2027); (3) Alteration of the Object Clause of the MoA to broaden business into all forms of power generation (thermal, hydro, solar, wind, hybrid, BESS, transmission, etc.); (4) Deletion of the Common Seal clause from the Articles of Association; (5) and (6) Approval of material related party transactions with KPI Green Energy Limited and KP Green Engineering Limited. The company's standalone turnover nearly doubled to ₹92,627.45 lakh in FY25 from ₹46,869.40 lakh in FY24, with PAT rising to ₹11,207.49 lakh (EPS ₹16.81). Results will be declared on or before August 12, 2025.
Shareholders should review and vote on these resolutions before August 9, 2025. The MoA amendment and related party transactions signal expansion into broader energy and storage businesses, which could support long-term growth but also increases dependence on group company dealings.