Ahasolar Technologies Ltd

AGM details

• Date/time: 28 September 2026 at 11:00 IST, conducted via VC/OAVM.
• Mode: Video Conferencing and Other Audio-Visual Means (VC/OAVM).
• Cut-off date for voting eligibility: 21 September 2026.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adoption of audited financial statements for FY ended 31 Mar 2026.
• Resolution 1 passed; 1,143,045 in favour, no against/invalid votes.
• Resolution 2 (Ordinary): Re-appointment of Shatrughan Harinarayan Yadav by rotation.
• Resolution 2 passed; 994,059 in favour; 148,986 votes excluded.
• Resolution 3 (Special): Regularizing appointment of Dinesh Shah as Non-Executive Independent Director.
• Resolution 3 passed; 1,143,045 in favour; no votes against.

Director changes

• Shatrughan Harinarayan Yadav retires by rotation and is eligible for reappointment.
• Dinesh Shah appointed as Non-Executive Independent Director.

AGM details

• Date 28 Sept 2026; Time 11:00 IST; Mode VC/OAVM.
• Remote e-voting: 25–27 Sept 2026; voting during AGM via NSDL.
• Quorum confirmed; meeting concluded 11:21 AM.
• Auditor's report for FY ended 31 March 2026 had no qualifications.

Key resolutions

• Adopt standalone and consolidated audited financial statements for year ended 31 March 2026.
• Re-appoint Shatrughan Harinarayan Yadav as director on rotation.
• Regularize appointment of Dinesh Special Shah as Non-Executive Independent Director.

Voting results

• Results not disclosed in the document.

Director changes

• Shatrughan Yadav re-appointed as Director (rotation).
• Dinesh Special Shah regularized as Non-Executive Independent Director.

Auditor information

• Auditor's report for FY2026 had no qualifications.

AHASOLAR TECHNOLOGIES LIMITED Trading Window closed for Directors, Designated Persons and their Immediate Relatives from 01 October 2026 till 48 hours after the declaration of Financial Results for the Half Year ended 30 September, 2026.

Financial performance

• Consolidated revenue rose to Rs 9,196.97 Lakh, up 58.6% YoY.
• Consolidated EBITDA stood at Rs 79.90 Lakh; prior loss reversed.
• Consolidated PAT Rs 20.55 Lakh; improvement from a loss last year.
• Consolidated EPS Rs 0.67; improvement from Rs -3.36.
• Standalone revenue Rs 1,098.73 Lakh; down 71.82% YoY.
• Standalone PAT Rs 16.83 Lakh; reversal from loss.
• Standalone EPS Rs 0.55.

IPO funding and utilization

• IPO proceeds raised: Rs 1,284.89 Lakh; allocated per plan.
• Solar PV Plant: Rs 705.13 Lakh utilized.
• EV charging infra: Rs 17.39 Lakh; EVs: Rs 9.02 Lakh.
• Working capital: Rs 240.00 Lakh; Corporate: Rs 195.94 Lakh; IPO expenses: Rs 102.29 Lakh.
• No deviation in utilization;unutilised Rs 15.21 Lakh for EV infra with 31-Mar-2025 deadline.

Capital structure & liquidity

• Authorized capital Rs 5 Cr; Paid-up capital Rs 3.082 Cr.
• Long-term borrowings Rs 3.98 Lakh; Short-term Rs 2.37 Lakh.
• Consolidated cash & cash equivalents Rs 248.34 Lakh; Standalone Rs 140.66 Lakh.
• Dividend for FY2025-26 not declared.

Subsidiaries & group structure

• RTC Energy Private Limited is a 100% subsidiary.
• Subsidiary turnover Rs 8,176.15 Lakh; PAT Rs 3.71 Lakh; PBT Rs 4.28 Lakh.
• Consolidated results include RTC Energy; no other associates/JVs.

Related party transactions

• Sale of goods/services to RTC Energy: Rs 77.68 Lakh.
• Intercompany loan to RTC Energy: Rs 7.00 Lakh.
• Directors' remuneration to MD, WTD, and EDs reported; CFO and others disclosed.
• Related party balance payable to RTC Energy: Rs 23.48 Lakh.

Governance & controls

• Statutory auditor: Ambalal Patel & Co LLP; no qualifications.
• Secretarial auditor: M H Shah & Co; MR-3; no qualifications; IPO funds note.
• Emphasis of matter: significant trading shifted to subsidiary; standalone turnover affected.
• Board meetings held: 4 in year; independence updates as per regime.

Outlook & risks

• Positive outlook for renewables; timely project delivery core to growth.
• Risks include fragmentation, regulatory shifts, competition, and tech changes.

Management discussion & MD&A highlights

• MD&A highlights focus on software, advisory, solar plant development, and distributed solar expansion.
• Strategy emphasizes timely order execution, liquidity, professional management, and brand strength.

AGM Details

• 9th AGM to be held on 28 September 2026 at 11:00 AM IST via VC/OAVM.
• Mode: Video Conferencing and/or Other Audio Visual Means.
• Cut-off date for attendance/voting: 21 September 2026.
• Remote e-voting window: 21 September 2026 09:00 to 27 September 2026 17:00.
• Deemed venue: registered office; VC attendance limited to 1000 members.

Resolutions

• Adopt standalone and consolidated audited financial statements for year ended 31 March 2026.
• Reappoint Shatrughan Harinarayan Yadav as director, retiring by rotation.
• Regularize appointment of Dinesh Shah as Independent Director.

Directors / Appointments

• Dinesh Shah appointed Independent Director, effective 5 March 2026, for a five-year term.
• Shatrughan Harinarayan Yadav to be reappointed as director, retiring by rotation.

Order details

• Awarding entity: NLC India Renewables Limited (domestic entity).
• Scope: Consultancy to develop a 600MW solar project with 300MW/1800MWh ESS in Rajasthan.
• Order value: Confidential.
• Execution period: 27 months.
• Promoter/group interest: No material interest.
• Related party transaction: NA.
• Material impact: Not disclosed.

Book closure details

• Book closure: Sep 22–28, 2026, inclusive.
• Purpose: determine voting entitlement for the 9th AGM resolutions.

E-voting cut-off details

• Cut-off date for e-voting fixed at 21 September 2026 to determine voting entitlement.
• 9th AGM scheduled for 28 September 2026; Members eligible to vote via e-voting.