Servotech Board Approves AGM, Dividend Record Date, and ₹800 Crore Borrowing Limit
Servotech's Board approved the 22nd AGM on Sep 25, 2026, and set Sep 18, 2026, as the record date for final dividend. Mr. Raman Bhatia was re-appointed as MD, and borrowing powers were enhanced to ₹800 crore, both subject to shareholder approval.
The re-appointment of the MD and the significant increase in borrowing limits have a medium-term impact on the company's financial flexibility and strategic direction. The dividend declaration is also a positive factor for shareholders.
The announcement is positive due to the re-appointment of the Managing Director, the enhancement of borrowing powers, and the declaration of a record date for final dividend, indicating business continuity and financial activities.
Servotech Renewable Power System Limited announced the outcome of its Board Meeting held on August 27, 2026. The Board has approved the convening of the 22nd Annual General Meeting (AGM) on September 25, 2026, to be conducted through Video Conferencing. Mr. Debabrata Deb Nath has been appointed as the Scrutinizer for the e-voting process related to the AGM.
The Directors' Report and the Notice for the 22nd AGM for the financial year ended March 31, 2026, have been approved. To facilitate the AGM, the Register of Members and Share Transfer Books will be closed from September 19, 2026, to September 25, 2026. The "Cut-off Date" for determining eligible members for voting and the "Record Date" for the final dividend for FY 2025-26 have both been fixed as September 18, 2026. If declared at the AGM, the final dividend will be paid within 30 days of its conclusion.
Furthermore, the Board approved the re-appointment of Mr. Raman Bhatia as Managing Director for a period of 5 years, effective June 1, 2027, subject to shareholder approval. The revision in remuneration for Ms. Sarika Bhatia, Whole-time Director, was also approved, pending member approval. The company's borrowing limit has been enhanced to ₹800 crore, and the creation of mortgage/charge over assets to secure borrowings up to ₹800 crore has been approved, both subject to shareholder approval by special resolution. Additionally, material related party transactions with Rhine Solar Limited were approved, subject to member approval.
The Board meeting commenced at 3:00 P.M. (IST) and concluded at 04:15 P.M. (IST).
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Servotech Renewable Power System Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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