Shareholders meeting

29th 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: Proceedings of 25th Annual General Meeting held on Tuesday, 29th September 2026, through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM"). Dear Sir/Madam, Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we enclose herewith the proceedings of 25th Annual General Meeting of the members of the Company held on Tuesday, 29th September 2026 at 4.00 P.M. (Indian Standard Time). Kindly take the same on your records. Thanking You For QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED Deepak Ramchandra Suryavanshi Company Secretary and Compliance Officer ICSI Membership No.: A27641 Place: Sangli PROCEEDINGS OF 25th ANNUAL GENERAL MEETING OF THE MEMBERS OF QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED HELD ON TUESDAY, 29th SEPTEMBER 2026 The 25th Annual General Meeting of the members of the Company held on Tuesday, 29th September 2026 through Video Conferencing ("VC") / Other Audio Visual Means (“OAVM”). The meeting commenced at 4.00 p.m. (IST) and concluded at 05.20 p.m. (IST) after informing that the e-voting will continue for the next 15 minutes. Following Directors were present: Sr No Name Designation 1 Mr Thalavaidurai Pandyan Chairman & Managing Director 2 Mr Bharanidharan Pandyan Joint Managing Director 3 Mrs Chitra Pandyan Whole Time Director 4 Mr Mahesh Saralaya Whole Time Director 5 Mr Rajendra Iyer Independent Director & Chairman of Nomination & Remuneration Committee 6 Mr Shailesh Kumar Mishra Independent Director & Chairman of Stakeholders Relationship Committee 7 Mr Sadayandi Raamesh Independent Director 8 Ms Pournima Kulkarni Independent Director & Chairperson of Audit Committee In Attendance: Sr No Name Designation 1 Mr Deepak Suryanshi Company Secretary & Compliance Officer 2 Mr Rajesh Jayaraman Chief Financial Officer 3 Mrs Sarika Jadhav Sr Vice President- Finance 4 Mrs Mrudula Desai Finance Controller 5 CA Kishor Gujar-Kishor Gujar & Statutory Auditor Associates 6 CS Abhay Gulavani Secretarial Auditor/Scrutinizer 7 CMA Rupesh Kale Cost Auditor 8 Mr S. Anantha Rama Subramanian Company Law Consultant 9 CA Shirish Kirloskar Tax Auditor Members Present: 60 members attended the Annual General Meeting Mr. Deepak Suryaanshi, Company Secretary & Compliance Officer of the Company, welcomed the members to the meeting and briefed them on details relating to their participation at the meeting through audio-visual means. The members were informed that the Company had taken the requisite steps to enable the members to participate and vote on the items being considered at the AGM. Mr. Deepak Suryavanshi welcomed the Directors and other attendees present at the meeting and introduced them to the Members of the Company. Mr. Thalavaidurai Pandyan, Chairman of the Company, chaired the Meeting. As the requisite quorum was present, the Company Secretary called the meeting to order. Mr. Deepak Suryavanshi, Company Secretary & Compliance Officer, requested Mr. Thalavaidurai Pandyan, Chairman and Managing Director of the Company, to address the shareholders. The Chairman of the meeting briefed the members about the progress and achievements of the Company during the last financial year. After the compilation of the speech of Mr. Thalavaidurai Pandyan, Chairman and Managing Director, Mr. Deepak Suryavanshi, Company Secretary & Compliance Officer, requested Mr. Rajendra Iyer, Independent Director of the Company, to address the shareholders. After the compilation of the speech of Mr Rajendra Iyer, Independent Director, Mr Deepak Suryavanshi, Company Secretary & Compliance Officer, requested Mr Bharanidharan Pandyan, Joint Managing Director of the Company, to address the shareholders. The Joint Managing Director briefed the Members on the overall growth of the business, key developments during the year, and the future outlook and growth prospects of the Company. Mr. Deepak Suryavanshi, Company Secretary, further informed that,  As per provisions of Sec(cid:415)on 108 of the Companies Act, 2013 read with the rule 20 of the Companies (Management and Administra(cid:415)on) Rules, 2014 as amended by the Coormpanies (Management and Administra(cid:415)on) Amendment Rules, 2015, Regula(cid:415)on 44 of SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements) Regula(cid:415)ons, 2015 and as per Secretarial Standards on General Mee(cid:415)ng (SS-2) issued by The Ins(cid:415)tute of Company Secretaries of India (lCSl), the members were provided with the facility to exercise vo(cid:415)ng by electronic means through e-vo(cid:415)ng pla(cid:414)orm of MUFG In(cid:415)me India Pvt. Ltd. (formerly Link In(cid:415)me India Pvt. Ltd) on all resolu(cid:415)ons set out in the no(cid:415)ce of 25th Annual General Mee(cid:415)ng.  The e-vo(cid:415)ng period commenced on Saturday, 26th September 2026 (09:00 a.m. IST) and ended on Monday, 28th September 2026 (05:00 p.m. IST).  The facility to vote on resolu(cid:415)ons through an electronic vo(cid:415)ng system during the course of mee(cid:415)ng was made available to the members who par(cid:415)cipated in the mee(cid:415)ng and had not cast their votes through remote e-vo(cid:415)ng. The Board of Directors appointed CS Abhay R Gulavani, Practicing Company Secretary, Sangli, as the scrutinizer to scrutinize the remote e-voting process in a fair and transparent manner. The following items as stated in the Notice of 25th AGM, were transacted through remote e- voting / evoting at the meeting: Sr Description of the Resolution Type of No Resolution Ordinary Business: 1 To receive, consider and adopt the audited Standalone Financial Ordinary Statements as at 31st March 2026 along with the Reports of the Directors and Auditors thereon. 2 To receive, consider and adopt the Audited Consolidated Financial Ordinary Statements as at 31st March 2026 along with the Reports of the Auditors thereon. 3 To declare a Dividend of ₹ 1/- (Rupee One) per equity share of face Ordinary value of ₹ 10/- each for the financial year ended 31st March 2026, to the Non-Promoter category shareholders, as the Promoters of the Company have waived off their right to receive the dividend. 4 To appoint a Director in place of Mr. Bharanidharan Pandyan (DIN: Ordinary 01298247) who retires by rotation and being eligible offers himself for re-appointment. 5 To ratify the remuneration of Cost Auditors for the financial year Ordinary ending March 31, 2027. Special Business: 6 Re-appointment of Mr Thalavaidurai Pandyan (DIN: 00439782) as Special Chairman and Managing Director of the Company and approval of his remuneration. 7 Re-appointment of Mr Bharanidharan Pandyan (DIN: 01298247) as a Special Whole Time Director designated as a Joint Managing Director of the Company and approval of his remuneration. 8 Re-appointment of Mrs Chitra Pandyan (DIN: 02602659) as a Whole Special Time Director of the Company and approval of her remuneration. 9 Re-appointment of Mr Mahesh Saralaya (DIN: 10509703) as a Whole Special Time Director of the Company and approval of his remuneration. 10 Re-appointment of Mr. Sadayandi Ramesh (DIN: 00588780) for a Special second term as an Independent Director of the Company. Mr. Deepak Suryavanshi, Company Secretary, called upon the speaker shareholders to put forth their queries and sugges(cid:415)ons. Mr. Bharanidharan Pandyan, Joint MD answered the queries/ques(cid:415)ons of shareholders. Mr. Deepak Suryavanshi, Company Secretary, further informed the members present that the consolidated results of the vo(cid:415)ng will be declared within 48 hours of the conclusion of the AGM and will be displayed at the registered office of the Company at Plot N [Showing first 8,000 characters — download PDF for full document]