Shareholders meeting

Date: September 17, 2026 To To Listing Department Listing Department BSE Limited National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street Bandra Kurla Complex, Mumbai- 400001 Bandra (E), Mumbai – 400 051 Scrip Code - 539302 Symbol - POWERMECH Dear Sir / Madam, Sub: Proceedings of the 27th Annual General Meeting ***** Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the 27th Annual General Meeting (AGM) of the members of Power Mech Projects Limited was successfully convened and held on Thursday, September 17, 2026. The meeting commenced at 09:30 a.m. (IST) and concluded at ~10:48 a.m. (IST) (excluding the time allowed for insta-poll). The AGM was held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) in compliance with the applicable provisions of the Companies Act, 2013, and relevant circulars. Please find below the comprehensive summary of the proceedings of the AGM. 1. Attendance and Quorum: • Shareholders: A total of 54 shareholders participated in the AGM through the VC/OAVM facility. • Quorum: Mr. M. Raghavendra Prasad, Company Secretary and Compliance Officer, confirmed the presence of the requisite quorum via the NSDL e-AGM portal. Upon this confirmation, Mr. Sajja Kishore Babu, Chairman and Managing Director, was requested to call the meeting to order. 2. Directors and Key Managerial Personnel (KMP) in Attendance: All Directors of the Company were present virtually: • Mr. Sajja Kishore Babu: Chairman and Managing Director, and Chairperson of the Corporate Social Responsibility Committee. • Mr. Sajja Rohit: Whole-time Director. • Mr. M. Rajiv Kumar: Director and Chairman of the Stakeholders Relationship Committee. • Mrs. Vasundhara Sinha: Independent Woman Director, and Chairperson of the Audit Committee and the Nomination and Remuneration Committee. • Mr. Jayaram Prasad Chalasani: Independent Director. • Mr. B. Prasada Rao: Independent Director and Chairman of the Risk Management Committee. Other Attendees: • Mr. N. Nani Aravind: Chief Financial Officer (CFO). • Mr. M. Raghavendra Prasad: Company Secretary and Compliance Officer. • Mr. K. Rajaj: Statutory Auditor, representing Brahmayya & Co, Chartered Accountants. • Mr. D.S. Rao: Secretarial Auditor and appointed Scrutinizer for the voting process. 3. Chairman’s Address and Formal Proceedings: • Welcome & Address: The Chairman, Mr. Sajja Kishore Babu, warmly welcomed the shareholders and delivered a comprehensive address. The address highlighted the Company’s performance, industry positioning, strategic initiatives, and broad operational aspects. • Statutory Registers: The Company Secretary informed the members that statutory registers, including the Register of Directors and KMP Shareholding (Section 170) and the Register of Contracts (Section 189) of the Companies Act, 2013, were made available for electronic inspection during the meeting. • Auditors' Reports: The Notice of the AGM dated August 8, 2026, and the Annual Report for the financial year ended March 31, 2026, were taken as read. It was formally announced that the reports of the Statutory Auditors and the Secretarial Auditor contained no qualifications, reservations, or adverse remarks. • Board Changes Acknowledged: The Company formally placed on record its profound appreciation for the contributions of retired Independent Directors Mrs. Lasya Yerramneni and Mr. Vivek Paranjpe, as well as Mrs. Sajja Lakshmi, who stepped down as Non-executive Director. 4. Business Transacted: In accordance with the Notice of the 27th AGM, the following items of business were presented for shareholder consideration and approval: Item Type of Resolution Description No. Resolution Adoption of the Audited Financial Statements for the financial year ended 1 March 31, 2026, together with the Reports of the Board of Directors and Ordinary Auditors thereon. 2 Declaration of a dividend on equity shares. Ordinary 3 Re-appointment of Mr. M. Rajiv Kumar, a Director retiring by rotation. Ordinary Appointment of Mrs. Vasundhara Sinha (DIN: 11566123) as an 4 Special Independent Director of the Company. Approval for the formulation, adoption, and implementation of the 5 “Power Mech Projects Limited - Employee Stock Option Plan - 2026” for Special granting stock options to the employees of the Company. Approval for the formulation, adoption, and implementation of the said 6 ESOP Plan - 2026 for granting stock options to the employees of any Special Subsidiary of the Company. Ratification of the remuneration payable to the Cost Auditors for the 7 Ordinary financial year 2026-27. Payment of remuneration to Mr. M. Rajiv Kumar (DIN: 07336483), Non- 8 Special Executive Director, by way of consultancy fees. 9 Approval of commission payable to the Independent Directors. Ordinary 5. Voting Mechanics & Scrutiny • Remote E-Voting: The Company, via National Securities Depository Limited (NSDL), provided a remote e-voting facility to its members. The remote e-voting window opened on Sunday, September 13, 2026, at 9:00 a.m. (IST) and closed on Wednesday, September 16, 2026, at 5:00 p.m. (IST). • Insta-poll: Shareholders attending the AGM who had not cast their votes remotely were provided with an Insta-poll facility to vote electronically. This facility remained open during the meeting and for an additional 15 minutes post-conclusion. • Scrutinizer: Mr. D.S. Rao, Practicing Company Secretary, was appointed as the Scrutinizer to ensure the remote e-voting and Insta-poll processes were conducted in a fair and transparent manner. 6. Shareholder Interaction & Conclusion: • Q&A Session: The floor was opened for queries, and 15 registered speaker shareholders were sequentially invited to share their views and seek clarifications. The shareholders appreciated the Company's FY 2025-26 performance. • Management Response: Comprehensive clarifications were provided to all member queries by Mr. Sajja Kishore Babu, Chairman and Managing Director, and Mr. N. Nani Aravind, CFO. • Declaration of Results: The Chairman authorized the Company Secretary to declare the voting results. The consolidated results of the remote e-voting and Insta-poll, along with the Scrutinizer’s Report, will be submitted to the NSE and BSE, and uploaded to the Company’s website within two working days from the conclusion of the meeting. The Company Secretary formally concluded the 27th AGM by extending a heartfelt vote of thanks to the Chairman, Directors, Auditors, shareholders, and all stakeholders for their steadfast support. We request you to kindly take the above information on record. The video recordings of the aforementioned AGM is also made available on the Company's website under Shareholders Information tab at: https://powermechprojects.com/announcements/ Thanking you. Yours faithfully, For Power Mech Projects Limited M. Raghavendra Prasad Company Secretary and Compliance officer