Reliance Power Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 08, 2025. Further, the company has informed the Exchange regarding voting results.
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Reliance Power Limited held its 31st Annual General Meeting on August 8, 2025, via video conferencing, where shareholders voted on 8 resolutions. All resolutions were passed with overwhelming majority, with approval ranging from 97.75% to 99.99% of votes polled. The resolutions covered adoption of audited financial statements for FY2024-25, re-appointment of two directors (Shri Ashok Kumar Pal and Shri Harmanjit Singh Nagi), remuneration to Cost Auditors, re-appointment of Shri Vijay Kumar Sharma as Independent Director, appointment of Secretarial Auditors, and approval for raising capital through a Qualified Institutions Placement (QIP) and issue of Non-Convertible Debentures (NCDs). Out of 4.49 million total shareholders, about 1.79 billion shares (roughly 43.3% of total outstanding shares) participated in voting, with 7 promoter group members and 162 public shareholders attending the meeting via video conferencing.
Shareholders have given the company broad flexibility to raise fresh capital through QIPs and NCDs, which could lead to equity dilution or higher debt in the future depending on the size and timing of the issuances. The strong, near-unanimous approval across all resolutions suggests solid shareholder confidence in the current management and board, with no notable investor dissent to flag for retail shareholders.