Submission of scrutinizer's report and voting results of 45th Annual General Meeting held on September 27, 2025
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Ravindra Energy Limited held its 45th Annual General Meeting on September 27, 2025, via video conferencing, and all 11 resolutions were passed with the requisite majority. Shareholders approved the audited financial statements for FY ended March 31, 2025, the re-appointment of two retiring directors (Mr. Narendra Murkumbi and Mr. Sidram Meleppa Kaluti), the appointment of the Secretarial Auditor for five years, and ratification of the Cost Auditor's remuneration. Special resolutions approved a revision in the remuneration of Executive Chairperson Dr. Vidya Murkumbi and CEO Mr. Shantanu Lath, related party transactions, issue of securities via Qualified Institutional Placement (QIP), reclassification of authorised share capital, and an increase in authorised share capital. The promoter group abstained from voting on resolutions where they were deemed interested, including director remuneration, related party transactions, and the re-appointment of Mr. Murkumbi. Of 82,479 shareholders on record, 5 promoter group shareholders and 69 public shareholders attended the meeting through video conferencing.
The approval of the QIP resolution and increase in authorised share capital signals that the company may raise fresh capital from institutional investors in the near future, which could lead to equity dilution for existing shareholders. Strong passage of all resolutions with near-unanimous support reflects broad shareholder confidence in management's direction.