Reliance Power Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 08, 2025
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Reliance Power held its 31st Annual General Meeting on Friday, August 8, 2025, via video conferencing from 12:00 PM to 1:00 PM, chaired by Executive Director and CEO Neeraj Parakh. All requisite quorum was present, with directors, statutory auditors, secretarial auditors, cost auditors, and key managerial personnel in attendance. All eight resolutions were passed with the requisite majority, including adoption of FY25 audited financial statements (both standalone and consolidated) and re-appointment of two directors (Ashok Kumar Pal and Harmanjit Singh Nagi) retiring by rotation. Key special business approvals included raising capital via Qualified Institutions Placement (QIP), issuing Non-Convertible Debentures (NCDs), re-appointing Vijay Kumar Sharma as an Independent Director, appointing secretarial auditors, and fixing cost auditors' remuneration. E-voting was conducted between August 4 and August 7, with KFin Technologies acting as the e-voting agency and Dayal and Lohia as scrutinizer; results are being filed with the exchanges.
The QIP and NCD issuance approvals are the most market-relevant outcomes, giving the company board-level clearance to raise fresh capital from institutional investors and debt markets - a meaningful signal for a capital-intensive power business. Shareholders should monitor subsequent announcements on size, timing, and pricing of any potential fundraise, as these can affect dilution and debt levels.