Submission of proceedings of 40th Annual General Meeting held on Friday 26th September 2025.
Awaiting price reaction for this filing.
I-Power Solutions India Ltd held its 40th AGM on Friday, 26 September 2025 via Video Conferencing, running briefly from 11:30 AM to 11:37 AM IST with 22 members in attendance. The meeting, chaired by Managing Director Mr. Rajendra Naniwadekar, put four resolutions to e-vote: (1) adoption of audited FY25 financial statements, (2) re-appointment of Mr. Naniwadekar as a director retiring by rotation, (3) appointment of M/s. Lakshmmi Subramanian & Associates as Secretarial Auditor, and (4) a special resolution to shift the registered office from Tamil Nadu to Telangana with a consequent amendment to the Memorandum of Association. The Statutory Auditors' report had no adverse qualifications or observations, and remote e-voting had already concluded on 25 September via CDSL. The scrutinizer's report on voting results is to be filed with stock exchanges within two working days.
Mostly routine AGM business, but the proposed shift of the registered office from Tamil Nadu (Chennai) to Telangana is a material corporate move that may affect future tax and regulatory treatment. Investors should await the e-voting results to confirm whether the special resolution for the office shift has been passed.