Empower India Ltd

AGM Details

• 44th AGM held on Wednesday, 30 September 2026 at 09:00 IST, physical venue in Mumbai.
• Mode included remote e-voting and ballot voting at the AGM.
• Voting eligibility cut-off was 22 September 2026.

Ordinary Business

• Adoption of audited standalone and consolidated financial statements for the year ended 31 March 2026.
• Re-appointment of Satyawan Jankar as director retiring by rotation.
• Appointment of M/s Nagadheep Sathyanarayana and Co. as statutory auditors.

Voting & Results

• Results will be consolidated by the Scrutinizer and intimated to BSE.
• Results will also be posted on the company website within the statutory timeframe.
• AGM concluded at 09:25 IST.

Auditors & Scrutinizer

• Scrutinizer appointed: Hemang Satra, Practising Company Secretary.
• Statutory auditors appointed: M/s Nagadheep Sathyanarayana and Co.

Empower India Ltd: Trading Window Closure from 01st October, 2026; shall reopen 48 hours after the declaration of the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ending 30th September, 2026.

Transaction overview

• Indicative non-binding term sheet to acquire 100% equity of Valiance Engineers.
• Transaction to be implemented via a non-cash share swap with preferential issue of Empower shares.
• Valiance to become Empower India subsidiary; Mark AB to become principal Empower shareholder post-issuance.
• Due diligence, independent valuation, definitive documentation, and regulatory approvals required.
• Term sheet validity is 90 days from signing.

Strategic rationale

• Structure preserves Empower India's working capital by avoiding debt or cash outlay.
• Gains immediate access to Lauren Engineers & Constructors' North American EPC capabilities.
• Aligns with expansion into sustainable digital infrastructure and energy-transition projects.

Ownership, conditions & approvals

• Valiance held ~70% of equity; Mark AB to become principal shareholder of Empower India on completion.
• Valiance to become wholly owned subsidiary after completion.
• Conditions precedent include due diligence, valuation, definitive agreements, and regulatory approvals.
• Term sheet valid for 90 days; definitive agreements to be executed if due diligence satisfied.

Record date for AGM voting

• Purpose: determine eligibility to participate and vote at the 44th AGM.
• Security: Equity shares.
• Record date for voting: Tuesday, 23 September 2026.
• AGM date: 30 September 2026.
• E-voting period: 27 September 2026 09:00 to 29 September 2026 17:00.

Resigning director

• Naveenakumar Kunjaru resigns as Non-Executive Independent Director effective 09 September 2026.

Reason for resignation

• Reason: personal and family commitments.

Materiality confirmation

• Director confirms no material reasons beyond those stated in the resignation letter.

Other listed entities

• Directorships and committee memberships in other listed entities: NIL.

Financial highlights

• Consolidated revenue from operations: ₹15,336.72 Lakhs.
• Consolidated total income: ₹17,013.85 Lakhs.
• Consolidated net profit: ₹1,801.17 Lakhs.
• Consolidated EPS: ₹0.155 per share.
• Q4 FY26: revenue from operations ₹4,430.33 Lakhs; net profit ₹1,394.35 Lakhs.
• Standalone revenue from operations: ₹11,268.02 Lakhs.
• Standalone net profit: ₹1,597.51 Lakhs; Standalone EPS: ₹0.14.
• Dividend not recommended for FY2025-26.
• Authorized share capital ₹1,75,00,00,000; issued/subscribed share capital ₹1,16,37,98,560.
• Total equity ₹32,241.02 Lakhs; total assets ₹42,949.22 Lakhs.

Operations overview

• Consolidated revenue growth: 24% YoY; Total Income up 31% YoY.
• Five subsidiaries contributing to consolidation; Empower Tradex is a material subsidiary.
• Standalone revenue from operations grew to ₹11,268.02 Lakhs.
• Q4 FY26 momentum strong across revenue and profitability.

Capital structure & liquidity

• Borrowings (long-term) ₹3,609.60 Lakhs; no significant short-term borrowings.
• Cash and cash equivalents ₹844.07 Lakhs.
• Current assets ₹1,060.9 million; current liabilities ₹4,294.9 million; current ratio 0.25.
• Equity capital ₹11,637.99 Lakhs; total equity ₹32,241.02 Lakhs.

Corporate governance & board changes

• Rajesh Chavan appointed MD & CFO on 27 Apr 2026.
• Rajesh Chavan previously MD & CFO; Rajgopalan Iyengar resigned 8 Apr 2026.
• Satyawan Jankar appointed Chairperson w.e.f. 27 Apr 2026.
• Komal Soni and Priya Bissa resigned in 2025; Priyanka Gupta appointed Jan 2026.
• Board held 9 meetings during FY2025-26.

Audit & disclosures

• Rishi Sekhri & Associates resigned as statutory auditors 23 Apr 2026.
• M/s Nagadheep Sathyanarayana & Co appointed as statutory auditors for 5 years.
• LR report for Dec 31, 2025 submitted 15 May 2026; BSE fine ₹2,65,500.
• Secretarial audit: no qualifications; material subsidiary Empower Tradex audited.

Subsidiaries & materiality

• Empower Tradex Private Limited is a material subsidiary.
• Five subsidiaries: Empower Tradex, Empower E-Ventures LLP, Empower Housing, Empower Retail, Empower Energy.

CSR & sustainability

• CSR obligation for 2025-26: ₹5.65 Lakh; actual spend ₹6.00 Lakh.
• CSR activity includes Vidya Prasarak Mandal donation of ₹6,00,000.
• CSR policy disclosed on website; company complied with CSR provisions.

Outlook & risks

• MD&A highlights growth in IT infrastructure, data centers, AI, cloud adoption.
• Industry risk includes competition, rising costs, cybersecurity and regulatory changes.
• Company emphasizes capacity to scale and manage capital prudently.

AGM & investor info

• 44th AGM scheduled for 30 September 2026, 9:00 AM.
• E-voting window 27–29 September 2026; Route map and notices available online.
• Shareholder information: equity shares in Demat, ISIN INE507F01023; corporate office in Mumbai.

AGM details

• AGM date and time: 30 September 2026 at 09:00 AM.
• Mode: Physical meeting at Mumbai venue.
• Venue: 228, Arya Samaj Road, Goregaon West, Mumbai.
• Record date for voting rights: 23 September 2026.

Ordinary business

• Adoption of standalone financial statements and reports.
• Adoption of consolidated financial statements and auditors' report.
• Re-appointment of director liable to retire by rotation.
• Statutory auditors appointed for five-year term; remuneration to be mutually agreed.

Auditor appointment

• Proposed statutory auditor Nagadheep Sathyanarayana and Co. appointed for five years.
• Remuneration to be mutually agreed; board empowered to finalize.
• Term from this AGM to the 49th AGM.

Director details

• Director Satyawan Jankar to be re-appointed; retires by rotation.
• Annexure provides director's profile and meeting attendance.

Executive summary

• Expansion into sustainable digital infrastructure aligned to ₹10,371.92 crore IndiaAI Mission funding.
• GPU expansion: over 38,000 GPUs onboarded; 20,000 more planned.
• Data center capacity projected to grow to 6 GW by 2029 from 1.6 GW in 2026.
• Expansion strengthens demand for energy-efficient, reliable, high-density computing infrastructure.

Key Decisions

• Notice and Director's Report for FY 2025-26 approved.
• 44th AGM scheduled for 30 September 2026 at 9:00 AM in Goregaon, Mumbai.

Appointments/Resignations

• Re-appointment of director Satyawan Jankar liable to retire by rotation; subject to shareholders' approval.
• Appointment of Statutory Auditor M/s Nagadheep Sathyanarayana & Co. for five years; effective 30 September 2026.
• Appointment of Scrutinizer Hemang Satra & Associates for the 44th AGM.

AGM/E-Voting Schedule

• E-voting: cut-off date 23 September 2026; remote voting from 27 September 2026 to 29 September 2026.