Shareholders meeting

Ref No: CACS/Sectt./efile 4571 Date: September 29, 2026 National Stock Exchange of India Limited, BSE Limited Exchange Plaza, C/1, Block G, 1st Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Kala Ghoda, Fort, Mumbai – 400051 Mumbai – 400001 Symbol- IREDA Scrip Code- 544026 ISIN: INE202E01016 Subject: - Proceedings of 39th Annual General Meeting of the Company held on Tuesday, September 29, 2026. Dear Sir/Madam, Pursuant to Regulation 30 and any other applicable Regulation of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended, this is to inform you that the proceedings of 39th AGM of Indian Renewable Energy Development Agency Limited held on September 29, 2026, at 12:30 PM (IST) through Video Conferencing (“VC”) /Other Audio Visual Means (“OVAM”) are enclosed herewith as Annexure I. The meeting was concluded at 01:54 PM (including e-voting period). Thanking You You are requested to please take the same on record. For Indian Renewable Energy Development Agency Limited Ekta Madan Company Secretary Encl as above Annexure I PROCCEDINGS OF THE 39TH ANNUAL GENERAL MEETING OF INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED HELD ON TUESDAY, SEPTEMBER 29, 2026, THROUGH VIDEO CONFERENCING/ OTHER AUDIO-VISUAL MEANS. The 39th Annual General Meeting of Indian Renewable Energy Development Agency Limited was held on Tuesday, September 29, 2026, at 12:30 PM (IST), through Video Conferencing (VC)/ Other Audio- Visual Means (OAVM), in accordance with the provisions of the Companies Act, 2013, the circulars and guidelines issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. Following Directors were present: - 1. Dr. Bijay Kumar Mohanty, Chairman and Managing Director (Addl. Charge); Director (Finance), Chief Financial Officer and Shareholder 2. Shri Manoneet Dalal, Independent Director and Chairman of Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, IT Strategy Committee, Risk Management Committee. 3. Shri Padam Lal Negi, Government Nominee Director (Joined the meeting shortly after its commencement). Due to some official commitments, Shri J.V.N. Subramanyam, Government Nominee Director, could not attend the Meeting Smt. Ekta Madan, Company Secretary, was also in attendance. Shri Aseem Kumar, Director, Ministry of New and Renewable Energy (MNRE), and the authorized representative Government of India, Promoter of the Company, also attended the meeting through Video Conferencing. Further, Shri Shiv Prakash Chaturvedi and Shri Manish Gupta, Partners of M/s Shiv & Associates, Statutory Auditors, and Shri Kamal Rai Madhra and Shri Hemant Gupta, Partners of M/s Rao & Emmar, Statutory Auditors, has attended the meeting through Video Conferencing. Further, Shri P.C. Jain, Managing Partner of M/s P.C. Jain & Co., Secretarial Auditor and Scrutinizer, has attended the meeting through Video Conferencing. Total 122 shareholders attended the AGM through VC/OVAM (including Directors and KMP who are holding shares). I. At the outset, the Company Secretary welcomed the Shareholders including Representative of President of India, Directors and Auditors to the 39th Annual General Meeting of the Company. She added that in accordance with the Companies Act 2013 and Circulars issued by Ministry of Corporate Affairs and SEBI, this annual general meeting was held through video conferencing & other audio- visual means without the physical presence of members at common venue. Notice of 39th AGM and Annual Report have been sent through email to all the members whose email IDs were registered with the Depositories. Also, as per Regulation 36 (1) (b) of SEBI (LODR) Regulations, 2015, a letter providing the web-link, including the exact path where complete details of the Annual Report is available, has been sent to all those shareholders who have not registered their email address with the Depositories. The hard copy of annual reports have been sent to those shareholders who have requested for the same. The statutory registers and all documents referred to in the Notice are available electronically on the website of the Company i.e., www.ireda.in for inspection. II. The Company Secretary further informed that the requisite quorum for the AGM is present as confirmed by the MUFG Intime India Private Limited, e-voting service provider. Thereafter, she requested the Chairman to conduct the proceedings of AGM. III. Dr. Bijay Kumar Mohanty, Chairman and Managing Director (Addl. Charge), took the Chair and welcomed all the Shareholders & Directors present in the meeting. The requisite quorum being present, the Chairman called the meeting to order. Thereafter, the Chairman made a presentation covering the company’s key achievements, operational and financial performance, financial highlights and recognitions received during FY 2025-26, along with the future outlook of the Company and launched the First ever ESG Report of the Company for the FY 2025-26 IV. The Chairman asked the Company Secretary to proceed with the agenda items. V. The Company Secretary informed that Notice of the 39th AGM dated September 02, 2026, along with the audited standalone and consolidated financial statements, Board’s Report, Auditor’s Report including CAG Report have been sent to all the shareholders through email. With the permission of the Shareholders, the same was taken as read. She also mentioned that the Statutory Auditors have audited the standalone and consolidated financial statements of the Company for the financial year 2025-26 and have given their report without any qualification, adverse comments or disclaimer. Further, the Comptroller & Auditor General of India has also given ‘NIL’ comments on the standalone and consolidated financial statements of the Company for the FY 2025-26. VI. The Company Secretary further informed that the Secretarial Auditor in its Secretarial Audit Report for the financial year 2025-26, observed non-compliance with regard to the composition of Board of Directors & Board Level Committee(s) for a certain period, due to not having Independent Directors. Also, the Company was not in compliance with the quorum requirement as per SEBI Listing Regulation in 1 (One) of our Board Meeting held during the FY 2025-26. In response to non- compliance stated under the Secretarial Audit Report, it was submitted that IREDA is a Govt Company and as per its Articles of Association, the power to appoint Directors vests with the President of India, acting through Ministry of New and Renewable Energy and the Company is actively pursuing the matter with the Administrative Ministry. The details of the observations mentioned in the Secretarial Audit Report and management reply thereon are mentioned in the Director’s Report. With the permission of the Shareholders, the same was taken as read VII. Thereafter, the Company Secretary read out the items of Ordinary and Special Businesses contained in the Notice of the 39th AGM, as detailed below:- Item Particulars Type of No Resolutions ORDINARY BUSINESS 1 To receive, consider and adopt the Audited Standalone & Consolidated Ordinary Financial Statements of the Company for the financial year ended Resolution March 31, 2026, along with the reports of the Board of Directors, Auditors and the Comments of the Comptroller & Auditor General of India thereon. 2 To confirm the Interim Dividend declared and paid for the financial Ordinary year 2025-26 and to declare the Final Dividend for the financial year Resolution 2025-26. 3 To appoint a Director in place of Shri Padam Lal Negi (DIN: Ordinary 10041397), Director (Government Nominee), who retires by rotation Resolution and being eligible, offers himself for re-appointment. 4 To authorize the Board of Directors of the Company to fix the Ordinary remuneration of Statutory Auditors as appointed by the Comptroller and Resolution Auditor General of India for the financial ye [Showing first 8,000 characters — download PDF for full document]