Solex Energy Announces 12th AGM on Sept 22, 2026, Sets Record Date for Dividend
Solex Energy's 12th AGM is scheduled for September 22, 2026. The record date for dividend is September 15, 2026, with a proposed dividend of ₹0.55 per share. The company plans to re-appoint Dr. Chetan Shah and Mr. Piyush Chandak as directors. Approvals are sought for inter-corporate loans up to ₹700 crore and borrowing limits up to ₹2,000 crore.
The announcement involves key corporate governance events like the AGM and dividend declaration, alongside substantial financial decisions regarding inter-corporate loans and borrowing limits, which could have a medium-term impact on the company's financial structure and operations.
The announcement pertains to routine corporate events such as the AGM, dividend declaration, director re-appointments, and borrowing limits, with no immediate significant positive or negative financial impact highlighted.
Solex Energy Limited has announced that its 12th Annual General Meeting (AGM) will be held on Tuesday, September 22, 2026, through Video Conference (VC) or Other Audio-Visual Means (OAVM). The meeting agenda includes considering the Audited Consolidated and Standalone Financial Statements for the Financial Year ended March 31, 2026, and the declaration of a Final Dividend of ₹0.55 per Equity Share. The company has fixed Tuesday, September 15, 2026, as the "Cut-off Date" for determining eligible members 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.
Furthermore, the Register of Members and Share Transfer books will be closed from Wednesday, September 16, 2026, to Monday, September 21, 2026, inclusive, for the purpose of the AGM and the declaration of dividend for FY 2025-26. The Record Date for dividend purposes has also been set as Tuesday, September 15, 2026. If approved by shareholders, the dividend will be paid to shareholders as of this Record Date. The notice also details the re-appointment of Dr. Chetan Shah as Chairman and Managing Director and Mr. Piyush Chandak as Whole-time Director, along with proposed revisions in their remuneration. Additionally, the company seeks approval for significant inter-corporate loans and investments in its subsidiaries, Solex Green Energy Private Limited (up to ₹200 crore) and Solex New Energy Private Limited (up to ₹500 crore), as well as material related party transactions with Solex Green Energy Private Limited (up to ₹300 crore). The company also proposes to increase its 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.