Olectra Greentech Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 27, 2025. Further, the company has informed the Exchange regarding voting results.
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Olectra Greentech has filed the voting results and Scrutinizer's report for its 25th AGM held on September 27, 2025, conducted via video conferencing. All 9 resolutions were passed with the required majority. These include: adoption of annual financial statements, declaration of a dividend, reappointment of Mr. Peketi Rajesh Reddy as director retiring by rotation, appointment of secretarial auditors, ratification of cost auditor remuneration, regularisation of Mr. P.V. Krishna Reddy as director, appointment of Mr. P. Rajesh Reddy as whole-time director, and approval of related party transactions with EVEY Trans Private Limited and Megha Engineering & Infrastructures Limited (MEIL). Voting was open from September 24-26, 2025 via remote e-voting, with 60.08% of outstanding shares (4,73,713 total shareholders) participating in the poll. Promoters abstained from voting on the two related party transaction resolutions as they are interested parties.
All key resolutions including the dividend declaration and director appointments were approved, which is positive for shareholders. However, public institutions showed notable dissent on two resolutions — 78.93% voted against the reappointment of Mr. Peketi Rajesh Reddy (Resolution 3) and 77.76% voted against his appointment as whole-time director (Resolution 7), which is worth monitoring. The RPT approvals with MEIL and EVEY Trans were passed with 99.46% and 97.44% support from non-promoter shareholders respectively.