35th AGM concluded, key business updates on solar and EV ventures
PRUDMOULI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
35th AGM held via video conferencing on Sep 30, 2026 from 2:30 PM to 2:56 PM with 44 members. Resolutions: adoption of FY26 audited standalone and consolidated financials, re-appointment of Mr Mahip Jain (retiring by rotation), and 5-year re-appointment of Mr Kurra Subba Rao as Executive Director. Chairman confirmed company is in sugar trading, not manufacturing, and shared updates on two new ventures: substantial investment in Helios Sustainable Energy (solar power subsidiary in Pali, Rajasthan, seeking additional investors), and MoU with Senatla EV firms for 76 percent stake (delayed due to ongoing legal disputes). Voting results to be filed with exchanges shortly.
Solar subsidiary progressing but needs capital; EV acquisition delayed by legal issues. New direction signals but execution risk remains. Voting results pending.