Shareholders meeting

26 September 2026 To To National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (East) Dalal Street, Fort Mumbai – 400 051 Mumbai – 400 001 NSE Symbol: QPOWER BSE Scrip Code: 544367 ISIN: INE0SII01026 Dear Sir/ Ma'am, Subject: Notice of 1st Extra Ordinary General Meeting of the Company for FY 2026-27. Pursuant to the provisions of Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith the Notice of the 1st Extra Ordinary General Meeting of the Company for FY 2026-27, to be held on Monday, 19th October 2026 at 04.00 p.m. IST through Video Conferencing / Other Audio-Visual Means. The Notice along with the Explanatory Statement, has been dispatched to all the Members whose names appear in the Register of Members or List of Beneficial Owners, as received from National Securities Depository Limited (NSDL) or Central Depository Services (India) Limited (CDSL). The Company has provided the facility to vote by electronic means (remote e-voting as well as e- voting at the EGM) on the resolution set out in the EGM Notice. The e-voting shall commence on Friday, October 16, 2026 at 09:00 a.m. and will end on Sunday, October 18, 2026 at 05:00 p.m. The copy of the said EGM Notice is being made available on the website of the Company, at the weblink https://qualitypower.com/wp-content/uploads/2026/09/Notice-of-Extra-Ordinary- General-Meeting-to-be-held-on-19.10.2026.pdf We request you to take the above on record and treat the same as compliance under the applicable provisions of the SEBI Listing Regulations. For QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED Deepak Ramchandra Suryavanshi Company Secretary and Compliance Officer ICSI Membership No.: A27641 Place: Sangli NOTICE OF EXTRA-ORDINARY GENERAL MEETING Dear Members, NOTICE is hereby given that the Extra-Ordinary General Meeting (“EGM” or “Meeting”) of the members of Quality Power Electrical Equipments Limited (“Company”) will be held on Monday, October 19, 2026 at 04.00 P.M. (IST) through video conferencing or other audio-visual means (“VC/OAVM”) to transact the following special business: SPECIAL BUSINESS: Item No. 1 – Issuance of equity shares to certain selling shareholders of Winwin Speciality Insulators Limited by way of preferential issue (for consideration other than cash / share swap): To consider and, if thought fit, to pass the following resolution as a Special Resolution: “RESOLVED THAT pursuant to the provisions of Section 23, Section 42, Section 62, Section 186 to the extent applicable and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Prospectus and Allotment of Securities) Rules, 2014, the Companies (Share Capital and Debentures) Rules, 2014 and other applicable rules made thereunder (including any statutory amendments, modification(s) or re- enactment(s) thereof for the time being in force) (“Act”), enabling provisions of the Memorandum of Association and Articles of Association of Quality Power Electrical Equipments Limited (“Company”) and applicable provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (“SEBI ICDR Regulations”), the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“SEBI Takeover Regulations”), the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), the applicable rules, notifications, guidelines issued by various authorities including but not limited to the Government of India, the Securities and Exchange Board of India (“SEBI”), the Reserve Bank of India (“RBI”) and other competent authorities including the National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”) (NSE and BSE together, the “Stock Exchanges”) and in terms of the Share Purchase Agreement dated September 23, 2026 (“SPA”) entered amongst the Company, Winwin Speciality Insulators Limited (“Win Win” or “Target”) and the certain selling shareholders of Win Win (“Selling Shareholders” or “Proposed Allottees”) and subject to (a) approvals, permissions, sanctions and consents as may be necessary from any regulatory and other appropriate authorities, as applicable, and (b) subject to such conditions and modifications as may be prescribed by any of them while granting such approvals, permissions, sanctions and consents, which may be agreed to by the Board of Directors (hereinafter referred to as the “Board”, which term shall be deemed to include any committee which the Board has constituted or may constitute to exercise its powers, including the powers conferred by this resolution), the consent of the members of the Company be and is hereby accorded, to create, issue, offer and allot on a preferential basis, in one or more tranches, up to 10,17,123 (Ten Lakhs Seventeen Thousand One Hundred Twenty-Three) fully paid-up equity shares of the Company having face value of ₹10 (Indian Rupees Ten) each (“Swap Shares”), at an issue price of ₹1,460.00 (Indian Rupees One Thousand Four Hundred Sixty only) per equity share (“Issue Price”), which is not less than the floor price of ₹1,456.40 per equity share determined in accordance with Chapter V of the SEBI ICDR Regulations, for consideration other than cash, to the certain Selling Shareholders, towards discharge of part of the consideration payable by the Company for the acquisition of equity shares of Win Win in terms of the SPA, on such terms and conditions as may be determined by the Board in accordance with the SEBI ICDR Regulations and other applicable laws (“Preferential Issue”). Details of the Swap Shares proposed to be issued and allotted by the Company to the Selling Shareholders are as under: Sr. Name of the Selling Shareholder No. of equity shares Maximum No. of Post- No. of Win Win # $ ^ of Win Win to be Swap Shares to preferential acquired through be issued shareholding swap % 1. Kamesh Yalamarty 64,14,448 6,23,347 0.79% 2. Aaditya Yalamarty 16,57,114 1,61,036 0.21% 3. Runa Yalamarty 14,09,592 1,36,982 0.17% 4. Sridhar Gogula 3,98,010 38,678 0.05% 5. Yadavalli Vaishnavi Sahithy 49,761 4,836 0.01% 6. Y Lalitha Ratnam * 2,43,222 23,636 0.03% 7. Kakulamarri Venkata Sharmila Rao 1,32,677 12,893 0.02% 8. Kakulamarri Navya Rao * 66,355 6,448 0.01% 9. Y L K Gomathy * 62,187 6,043 0.01% 10. Kakulamarri Nitya Vasudha * 33,178 3,224 0.00% Sr. Name of the Selling Shareholder No. of equity shares Maximum No. of Post- No. of Win Win # $ ^ of Win Win to be Swap Shares to preferential acquired through be issued shareholding swap % Total 1,04,66,544 10,17,123 1.30% # Allotment to the Selling Shareholders / Proposed Allottee is subject to completion of conditions precedent as specified in the SPA. * Allotment to the Selling Shareholders / Proposed Allottee is subject to valid accession to the SPA in accordance with the terms therein under. $ Since all the proposed allottees are individual hence the requirement for disclosing ultimate beneficiary owner is not required. ^ The Company has obtained copy of PAN cards of all the proposed allottees. RESOLVED FURTHER THAT the aggregate consideration of up to ₹272.34 Crores (“Total Consideration”) payable by the Company for the acquisition of up to 1,91,95,007 fully paid-up equity shares of Win Win, representing up to 100.00% of the total paid-up equity share capital of Win Win, at an acquisition price of up to ₹141.88 per equity share, shall be discharged by a combination of (i) issue and allotment of the Swap Shares for consideration other than cash, aggregating to approximately ₹148.50 Crores; and (ii) the balance consideration of up to ₹123.84 Crores by way of cash, subject to customary adjustment in terms of the SPA. RESOLVED FURTHER THAT the ‘relevant dat [Showing first 8,000 characters — download PDF for full document]