Submission of 40th Annual Report Containing Notice of 40th Annual General Meeting (AGM) for FY 2024-25 to be held on Friday, 26th September 2025 at 11:30 A.M. (IST) pursuant to Regulation ....
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I-Power Solutions India Ltd has submitted its 40th Annual Report along with the AGM notice to BSE for FY 2024-25. The 40th AGM will be held on Friday, 26 September 2025 at 11:30 AM via video conferencing. Key items to be tabled include adoption of audited FY25 financial statements, re-appointment of Managing Director Mr. Rajendra Naniwadekar (retiring by rotation), appointment of M/s. Lakshmmi Subramanian & Associates as Secretarial Auditor for a 5-year term, and a special resolution to shift the registered office from Tamil Nadu to Telangana. The company reported a widened net loss of Rs. 62.03 lakhs in FY25 vs Rs. 15.86 lakhs in FY24, with zero revenue from operations and only Rs. 1.59 lakhs of other income. No dividend has been recommended. Between April-August 2025, the company also completed a preferential allotment of 14.5 lakh equity shares at Rs. 20 each (aggregating Rs. 2.9 crore), which has received listing and trading approval.
Shareholders should note the continuing losses with no operational revenue, making the preferential allotment and proposed office shift to Telangana the key developments to watch. Voting on the MD re-appointment, new secretarial auditor, and registered office relocation will take place via e-voting from 23-25 September 2025, with the cut-off date being 19 September 2025.