Servotech Renewable Power to hold 22nd AGM on Sep 25, 2026; to decide on dividend & director re-appointments
Servotech Renewable Power System Limited will hold its 22nd AGM on September 25, 2026, via VC/OAVM. Key agenda items include approving FY26 financial statements, re-appointing directors, and declaring a ₹0.02 per share dividend. Mr. Raman Bhatia's reappointment as MD and Ms. Sarika Bhatia's reappointment as Whole-Time Director will be considered, along with proposed remuneration. The company also seeks approval for borrowings up to ₹800 Crores and material RPTs with Rhine Solar Limited up to ₹500 Crores.
The AGM covers several important corporate actions including director appointments/re-appointments, dividend declaration, and significant borrowing limits. The approval of material related party transactions and remuneration adjustments for key managerial personnel are also material decisions that can impact the company's operations and financial structure.
The announcement is a routine notice for an Annual General Meeting (AGM) and covers standard corporate governance procedures, director appointments, and financial statement approvals. While some decisions like dividend declaration and remuneration adjustments are included, they do not present a significant positive or negative deviation from typical corporate actions.
Servotech Renewable Power System Limited has announced its 22nd Annual General Meeting (AGM) for the Financial Year 2025-26. The meeting is scheduled to be held on Friday, September 25, 2026, at 11:00 A.M. IST through Video Conference (VC) and Other Audio-Visual Means (OAVM).
The agenda for the AGM includes the adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026. Key decisions to be made by shareholders will involve the re-appointment of Mr. Rajesh Mohan Rai as a Director retiring by rotation. Additionally, the shareholders will vote on declaring a final dividend of ₹0.02 per equity share.
Furthermore, the meeting will seek approval for the re-appointment of Mr. Raman Bhatia as Managing Director for a further period of five years, commencing from June 1, 2027, to May 31, 2032. His remuneration, with a gross monthly cap of ₹25,00,000, will also be discussed. Shareholders will also consider the re-appointment of Ms. Sarika Bhatia as Whole-Time Director, with a similar gross monthly remuneration cap of ₹25,00,000.
Other significant business to be transacted includes the appointment of Mr. Mrityunjay Kumar Jha as a Director and Whole-Time Director (Executive Director - Administration) for a period of three years from July 24, 2026, with a remuneration not exceeding ₹24,00,000 per annum. The AGM will also address the creation of a mortgage and/or charge on company assets up to ₹800 Crores and approve overall borrowing limits under Section 180(1)(c) of the Companies Act, 2013, also up to ₹800 Crores.
The meeting will also ratify the remuneration of Cost Auditors for the financial year 2026-27 and consider and approve material related party transactions with Rhine Solar Limited, aggregating up to ₹500.00 Crores for the financial year 2026-27. The cut-off date for e-voting is September 18, 2026, with e-voting commencing on September 21, 2026, and concluding on September 24, 2026.
A plain-language summary of a public exchange filing by Servotech Renewable Power System Limited. Read the original for the full detail.