Emmvee Photovoltaic Power Ltd

AGM Details

• Date and mode: 25 September 2026, VC/OAVM.
• Start 16:00, end 16:55.
• Record date: 18 September 2026; shareholders on record: 164,652.
• Meeting conducted through VC/OAVM; total resolutions passed: 4.

Resolutions and outcomes

• Adoption of financial statements — passed; 100% in favour, 0% against.
• Declaration of dividend — passed; amount per-share not disclosed.
• Director appointment by rotation — passed; 99.32% in favour, 0.68% against.
• Remuneration payable to cost auditors — passed; 100% in favour, 0% against.

Observations

• All resolutions approved by ordinary majority; no material RPTs disclosed.
• Votes by promoter/public mix reflected, with e-voting and AGM ballots tallied.

Emmvee Photovoltaic Power Limited – Closure of Trading Window from Oct 1, 2026; shall reopen after 48 hours from the announcement of the unaudited standalone and consolidated financial results for the quarter and half year ending Sept 30, 2026

Compliance update

• Declaration under Reg 34(1)(b): no change in Annual Report 2025-26 submitted to stock exchanges.

agm details

• Date/time/mode: 25 Sep 2026, 4:00 PM IST via VC/OAVM.
• Remote e-voting conducted Sep 22–24, 2026; e-voting remained open 30 minutes post AGM.
• Quorum present; meeting chaired by Chairman & Managing Director.

key resolutions

• Adoption of financial statements (ordinary resolution).
• Declaration of final dividend; Board recommended Rs 1 per share.
• Appointment of Suhas Donthi Manjunatha as Director, liable to retire by rotation.
• Ratification of remuneration payable to Cost Auditors for FY 2026-27.

voting status

• Voting results awaited; Scrutinizer's Report to be submitted separately.

auditor appointments

• Cost Auditor remuneration ratified for FY 2026-27.

Appointment details

• Murugesh C appointed Company Secretary and Compliance Officer effective 22 September 2026.
• Nagaraj Shrinivas Ronad ceases as Compliance Officer with immediate effect; remains CS of subsidiary.
• Murugesh C profile: 17+ years listed-company CS experience; ICSI Associate; AICWA and LLB holder.
• No relationships disclosed with directors or promoters.

Governance and materiality roles

• KMPs authorised to determine materiality for disclosures: MD, WTD, CFO, and CS/CO Murugesh C.
• MD: Manjunatha Donthi Venkatarathnaiah; WTD: Suhas Donthi Manjunatha; CFO: Pawan Kumar Jain; CS/CO: Murugesh C.

Dividend record date details

• Record date: 18 September 2026 for dividend entitlement.
• Dividend: Re 1.00 per equity share (face value Rs 2).
• Record date holders must be listed by NSDL/CDSL for dematerialised shares.
• Beneficiary names as of close of business on 18 Sep 2026.
• Payment within 30 days from declaration, subject to TDS.
• Subject to Members' approval at AGM on 25 Sep 2026.

Meeting Details

• Sept 17–18, 2026; Jefferies India Forum 2026, Gurgaon, in-person group and one-on-one meetings.

Participants

• Management team, including CFO, to participate.

Purpose

• Purpose: investor/analyst interaction based on publicly available information.

AGM Details

• AGM scheduled for September 25, 2026, at 4:00 PM IST via Video Conferencing/Other Audio Visual Means.
• Notice includes dispatch of AGM notice and Annual Report FY 2025-26; remote e-voting details.
• Notice to be available on the company website.

Financial performance

• Revenue from operations: INR 5,04,988 Lakhs.
• EBITDA: INR 1,73,437 Lakhs; margin 34%.
• PAT: INR 1,08,155 Lakhs; margin 21%.
• PAT grew 193% YoY to INR 1,08,155 Lakhs.
• EBITDA margin improved to 34%.

Capacity & production

• Module capacity expanded to 10.3 GW.
• Two 2.5 GW lines commissioned at Sulibele.
• Cell production 1,520 MW; utilisation about 70%.
• Order book 9.4 GW; growth ~92%.
• Repeat customers: 27%.

Growth & investment plan

• 6 GW integrated Devanahalli facility under construction.
• Devanahalli: land acquired; IREDA sanction received.
• Target: 16.3 GW modules, 8.94 GW cells by FY2028.
• Plan for ~9 GW ingot/wafer capacity by FY2028-29.
• Capex plan ~INR 5,50,000 Lakhs; 75-80% by Mar 2027.

Capital structure & liquidity

• IPO completed Nov 2025; INR 2,90,000 Lakhs raised.
• IPO proceeds used to prepay debt; net debt-to-equity -0.06x.
• Current ratio ~2.1x.
• ICRA upgraded to A in Jan 2026; prior upgrade to A- in Aug 2025.

Dividend & shareholder info

• Final dividend proposed: INR 1.00 per equity share.
• Record date: 18 Sep 2026.
• 19th AGM scheduled for 25 Sep 2026.

Governance & risk management

• Board of six directors; two executive; three independent; one woman independent.
• Secretarial audits: no qualifications.
• Internal controls: adequate; no material weaknesses.
• Risk framework and governance oversight in place.

Market & policy context

• Growth driven by domestic policy push: ALMM, PLI, DCR.
• Emmvee leverages 100% TOPCon platform and backward integration.
• Expansion plans aligned with India’s 500 GW non-fossil target by 2030.

AGM details & dividend proposal

• 19th AGM at 4:00 PM IST on Sept 25, 2026 via VC/OAVM.
• Record date fixed as Sept 18, 2026.
• Board recommends final dividend of Rs 1 per equity share.
• Dividend payable within 30 days after AGM, subject to tax.
• Remote e-voting window Sept 22–24, 2026; VC/OAVM joining via NSDL.
• Deemed venue: registered office of the company.

Resolutions to be voted

• Item 1 (Ordinary): Adoption of audited financial statements for year ended 31 March 2026.
• Item 2 (Ordinary): Declaration of dividend of Rs 1 per equity share.
• Item 3 (Ordinary): Re-appointment of Suhas Donthi Manjunatha as Director (retiring by rotation).
• Item 4 (Special): Ratification of cost auditors’ remuneration for FY 2026-27 up to Rs 1.50 lakh plus GST.

Director appointment details

• Re-appointment of Suhas Donthi Manjunatha as Director, liable to retire by rotation.
• Whole-time Director since Apr 30, 2025, for five years.
• Remuneration from EEPL in FY2025-26: Rs 690 Lakhs (400 fixed, 290 variable).
• Shareholding: 1,07,74,776 equity shares.
• Board attendance: 18 of 18 meetings in FY2025-26.

Cost auditor remuneration

• M/s Murthy & Co. LLP appointed as Cost Auditors for FY 2026-27.
• Remuneration up to Rs 1.50 lakh plus GST.