Websol Energy to hold 36th AGM on Sep 22, 2026; Dividend of ₹0.25 per share proposed
Websol Energy System Limited will hold its 36th AGM on September 22, 2026, via VC/OAVM. The company proposes a dividend of ₹0.25 per share for FY26. Key agenda items include appointing directors and revising executive remuneration. Remote e-voting is open from September 19-21, 2026.
The AGM notice covers several important corporate actions including dividend, director appointments, and remuneration changes, which are material to shareholders. The proposed dividend is a specific financial detail that impacts shareholders directly.
The announcement is a routine notice of an Annual General Meeting, including standard business such as financial statement adoption, dividend proposal, and director appointments. While the dividend proposal is a positive aspect, the overall nature of the announcement is informational and procedural.
Websol Energy System Limited has announced its 36th Annual General Meeting (AGM) scheduled for Tuesday, September 22, 2026, at 02:30 PM IST, to be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM).
The company will present the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, along with the Directors' and Auditors' reports.
A significant item on the agenda is the declaration of a dividend of ₹0.25 (25%) per equity share of Re. 1/- each for the financial year ended March 31, 2026. Additionally, the shareholders will consider the re-appointment of Ms. Sanjana Khaitan, who retires by rotation, and the appointment of Mr. Sanjay Kumar as a Non-Executive Non-Independent Director and Mr. Dinesh Agarwal as an Independent Director.
The terms of remuneration for Ms. Sanjana Khaitan, Executive Director, are proposed for revision, including an annual increment up to 15% and a performance-linked commission of up to 0.50% of net profit, capped at ₹2 Crore annually. The payment of commission to Non-Executive Directors, including Independent Directors, will also be considered.
Remote e-voting will commence on Saturday, September 19, 2026, at 9:00 AM IST and conclude on Monday, September 21, 2026, at 5:00 PM IST. The cut-off date for determining voting eligibility is Tuesday, September 15, 2026. The Register of Members and Share Transfer Register will be closed from September 16, 2026, to September 22, 2026.
A plain-language summary of a public exchange filing by Websol Energy System Limited. Read the original for the full detail.