Proceedings of 26th Annual General Meeting of Olectra Greentech Limited

0.01ectra 26th September, 2026 To To BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/ 1, G Dalal Street, Mumbai-400 001 Block, Bandra Kurla Complex, Bandra (E) Scrip Code: 532439 Mumbai-400 051 Symbol: OLECTRA Dear Sir/ Madam, Sub: Outcome of the 26th Annual General Meeting: Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the 26th Annual General Meeting (AGM) of the Company is held today, i.e., Saturday, the 26th day of September, 2026 at 12:00 Noon through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). This is in compliance with the General Circular Nos. 03/2025 dated September 22, 2025, 09/2024 dated September 19, 2024, 9/2023 dated 25th September, 2023, 10/2022 dated 28th December, 2022, 3/2022 dated 05th May, 2022, 20/2021 dated 08th December, 2021, 10/2021 dated 23rd June, 2021, 39 /2020 dated 31st December, 2020, 33/2020 dated 28th September, 2020, 22/2020 dated 15th June, 2020, 17 /2020 dated 13th April, 2020, and 14 / 2020 dated 8th April, 2020 issued by the Ministry of Corporate Affairs ("MCA Circulars") and relevant provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"). In this regard, please find enclosed summary of proceedings as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This is for your information and necessary records. Thanking you, For Olectra Greentech Limited P Hanuman Prasad Vice President-Company Secretary Encl: As above e A e A e A e A e A e 4 • A e A e A e A e A e A e A e A e A e A e A e Registered Office: Olectra Greentech Limited T: 040-46989999 W: www.olectra.com S-22, 3rd Floor, Technocrat Industrial Estate, E: info@olectra.com CIN : L34100TG2000PLC035451 Balanagar, Hyderabad -500037, Telangana, India. 0.01ectra SUMMARY OF THE PROCEEDINGS OF 26TH ANNUAL GENERAL MEETING (AGM) OF OLECTRA GREENTECH LIMITED CONVENED ON SATURDAY, 26TH DAY OF SEPTEMBER, 2026 AT 12:00 NOON. THROUGH VIDEO CONFERENCING (VC)/ OTHER AUDIO-VISUAL MEANS (OAVM). Directors Present: 1. Mr. P. V Krishna Reddy Chairman & Non-Executive Director 2. Mr. Mahesh Babu Subramanian Managing Director 3. Mr. Peketi Rajesh Reddy Director 4. Mrs. Ch Laksmi Kumari Independent Director 5. Justice Gyan Sudha Misra (Retd.) Independent Director 6. Mr. V. Subramaniamsundar Rajan Independent Director 7. Mr. E. Pandu Ranga Vittal Independent Director Also Present: 1. Mr. B. Sharat Chandra CFO 2. Mr. P. Hanuman Prasad VP-Company Secretary & Legal 3. Mr. S Srinivas Partner, Sarath & Associates, Statutory Auditors 4. Mr. Prathap Satla Practicing Company Secretary & Scrutinizer 5. Mr. Ch. Veeranjeneyulu Partner, VCSR & Associates, Secretarial Auditors ► The meeting commenced at 12:00 noon and concluded at 1:45 p.m., including 15 minutes allotted for venue voting. ► The requisite quorum was present throughout the Meeting. A total of 106 members, including the speakers, participated in the video conference. ► With the consent of the Shareholders, Sri P. V. Krishna Reddy, Chairman of the Company, took the Chair and presided over the Meeting. ► The Chairman informed the members that the 26th Annual General Meeting of the Company was being conducted through Video Conferencing ("VC")/Other Audio-Visual Means ("OA VM") in accordance with the circulars issued by the Ministry of Corporate Affairs. He further informed the members that the ,.., ' proceedings of the Meeting were being live streamed on the CDSL platf . . . • .4. • .4. • A e .4. • A • .4. • A • .4. • ... .... ... J. • J. Registered Office: Olectra Greentech Limited T: 040-46989999 W: www.olectra.com~=-::::-' S-22, 3rd Floor, Technocrat Industrial Estate, E: info@olectra.com CIN : L34100TG2000PLC035451 Balanagar, Hyderabad -500037, Telangana, India. ► The Chairman of the Meeti.ng c!elivered his speech, highlighting the Company's performan,:;e and the overall industry scenario. ► Notice of the 26th Annual General Meeting since already been circulated to the members, was taken as read with permission of the members. ► Auditors' Report was also taken as read. ► The Secretarial Auditors were also present at the Annual General Meeting. ► The Chairman invited the shareholders to share their views and raise questions regarding the financial statements for the year ended March 31, 2026, as well as the operations of the Company. The shareholders raised questions on various matters, including: - Company's overall long-term vision and strategic roadmap for the next five years - Progress on project deliveries, including updates on the status of ongoing projects - Overall Sales margins and declaration of monthly sales numbers - Construction status of the new Greenfield EV manufacturing facility, including updates on the progress and project timelines - Clarification of Share splitting - Automation and Artificial intelligence integration in the products - Company's future growth plans and strategies - Indigenous product development, leveraging BYD's strengths, and mitigating associated risks. - Implemented cost reduction initiatives - Expansion into battery manufacturing, passenger vehicles, and other EVs - Clarifications on Related Party Transactions - Opportunity for shareholders to visit the Seetharampur manufacturing facility - Conducting the Annual General Meeting of the Company in physical mode in the coming years - Other pertinent matters which were addressed by the Chairman, Managing Director and Company Secretary of the Company appropriately. ► The Company Secretary "i;.1.formed the members that pursuant to the .provisions of Section 108 of the Companies Act, 2013 read with Companies (Management and Administraticn) Rules, 2014, as amended, and Regulation 44 of the SEBI (LODR) Regulation, 2015, the Company has arranged for e-voting facility to its members in respect of all the businesses to be transacted at the AGM of the Company. The e-voting commenced on 22nd September, 2026 (9:00 A.M) and ended on 25th September, 2026 (05:00 P.M). ► The Company Secretary informed the members, who have not cast their votes through e-voting facility, to cast their votes in respect of all the resolutions proposed in the notice during the AGM. ► The Company Secretary informed that Mr. Prathap Satla, Practicing Company Secretary, was appointed to scrutinize the remote e-voting and e-voting during AGM in a fair and transparent manner. ► The agenda items of the Notice of 26th AGM were read for the information of the members as below: Ordinary Business: 1. To receive, consider and adopt the Annual Audited Financial Statements including Consolidated Financial Statements of the Company for the year ended 31st March, 2026 and Reports of the Board of Directors and Auditors thereon - Ordinary Resolution. 2. To declare final dividend at the rate of 15% (i.e. Rs. 0.60/- only) per equity share of Rs. 4 /- (Rupees Four only) each fully paid-up of the Company for the 'Financial Year ended 31st March, 2026 - Ordinary Resolution. 3. To appoint a Director in place of Mr. P V Krishna Reddy (DIN: 01815061), who retires by rotation being eligible, offers himself for re-appointment to the office of Director - Ordinary Resolution. Special Business: 4. Ratification of remuneration payable to M/ s. EVS & Associates, Cost Auditors - Ordinary Resolution. 5. Approval for entering into contracts with Evey Trans (NSK) Private Limited and Evey Trans (KAR) Private Limited - Ordinary Resolution 6. Approval for Receiving Guarantees and/ or Unsecured Loans from Megha Engineering & Infrastructures Limited (MEIL) and/ or MEIL Holdings Limited (MHL) - Ordinary Resolution. 7. Apprn·1al for issuance 0: Cc,rpora.te Undertaking in favour of Lenders against Advance Facility to be a·1ailed by the Company o"J.t of Rupee T<'!!rm Loc::ms sanctioned to [Showing first 8,000 characters — download PDF for full document]