Solex Energy Announces 12th AGM on Sep 22, 2026, Sets Record Date
Solex Energy's 12th AGM is scheduled for September 22, 2026. The record date is September 15, 2026. The company will consider a final dividend of ₹0.55 per share. Key agenda items include re-appointments of Chairman & MD and Whole-time Director, and approval for inter-corporate loans up to ₹700 crore and borrowing limits up to ₹2,000 crore.
The AGM involves crucial decisions regarding financial approvals for subsidiaries and borrowing limits, which could significantly impact the company's future operations and financial structure. The dividend declaration also affects shareholders directly.
The announcement is a routine corporate event (AGM intimation) with standard agenda items including dividend declaration and director re-appointments. While there are significant financial approvals sought, they are standard procedures and do not inherently signal positive or negative performance.
Solex Energy Limited has announced the schedule for its 12th Annual General Meeting (AGM), which will be held on Tuesday, September 22, 2026, through Video Conference (VC) or Other Audio-Visual Means (OAVM). The company has fixed Tuesday, September 15, 2026, as the cut-off date for determining member eligibility to vote and attend the AGM. The remote e-voting period will commence on Saturday, September 19, 2026, at 9:00 AM and conclude on Monday, September 21, 2026, at 5:00 PM.
The Register of Members and Share Transfer books will be closed from Wednesday, September 16, 2026, to Monday, September 21, 2026, inclusive. This closure is for the purpose of the 12th AGM and the declaration of dividend for the Financial Year 2025-26. The company has also fixed September 15, 2026, as the Record Date for dividend purposes, subject to shareholder approval at the AGM.
The AGM agenda includes receiving and adopting audited consolidated and standalone financial statements for the FY ended March 31, 2026, declaring a final dividend of ₹0.55 per equity share, appointing directors retiring by rotation, and appointing a Cost Auditor. Additionally, the AGM will consider proposals for the revision in remuneration of Dr. Chetan Shah, Chairman and Managing Director, and his re-appointment for a further three-year term. The re-appointment of Mr. Piyush Chandak as Whole-time Director is also on the agenda. Shareholders will also vote on approving inter-corporate loans, guarantees, and securities for subsidiaries Solex Green Energy Private Limited (up to ₹200 crore) and Solex New Energy Private Limited (up to ₹500 crore), approving material related party transactions with Solex Green Energy Private Limited (up to ₹300 crore), and increasing the borrowing limits to ₹2,000 crore.
A plain-language summary of a public exchange filing by Solex Energy Limited. Read the original for the full detail.