EPIC Energy Ltd

EPIC Energy Limited - Trading window closed from October 01, 2026 until 48 hours after declaration of unaudited financial results for the quarter ending September 30, 2026.

AGM Details

• AGM held on 22 September 2026 at 11:00 AM IST via video conferencing.

Key Resolutions

• Adoption of financial statements including consolidated statements for the year ended March 31, 2026.
• Appointment of Veena Morsawala as director liable to retire by rotation.
• Ratification of re-appointment of statutory auditor M/s NGST & Associates with remuneration to be fixed.

Voting Results

• Voting results for adoption of financial statements to be disseminated later.
• Voting results for Veena Morsawala's directorship to be announced subsequently.
• Voting results for auditor re-appointment will be announced subsequently.

AGM Details

• AGM on 22 September 2026 at 11:00 IST, via VC/OAVM.
• Mode: Video Conferencing; venue deemed at registered office.
• Register of Members and Share Transfer Register closed 16–22 September 2026 (inclusive).

Key Resolutions

• Adopt Audited Financial Statements for year ended 31 March 2026, with Directors’ and Auditors’ Reports.
• Reappointment of Veena Morsawala as Non-Executive Director, retiring by rotation.
• Ratify re-appointment of Statutory Auditors NGST & Associates; to hold until 38th AGM with mutual remuneration.

Financial snapshot

• Standalone revenue ₹447.62 lakh; up from ₹426.55 lakh.
• Consolidated revenue ₹487.15 lakh; YoY growth over 14%.
• Standalone PAT ₹72.67 lakh; EPS ₹1.01.
• Consolidated PAT ₹69.43 lakh; EPS ₹0.96.
• Standalone net worth ₹1,346.79 lakh.
• Dividend for FY2025-26 not declared.
• Issued 38 lakh convertible warrants; ₹19 crore face value; ₹4.75 crore received.
• Warrants proceeds to fund capex and long-term working capital.
• Equity share capital ₹7.2115 crore; unchanged.
• Consolidated borrowings ₹175.45 lakh; standalone debt nil; standalone debt-equity 0.13x.

Operational progress

• Solapur open-access 1.3 MWp; Gujarat open-access 3.5 MWp advancing.
• 2,500 TPA Battery Recycling Plant at Wada underway.
• 100 MWh/year Second Life Battery testing and assembly plant under JV.
• EV Chargers facility in Coimbatore expanding; capacity >1.5 MW Pan-India.
• Rooftop EPC progress; marquee projects secured with land connectivity.
• Open-access and rooftop EPC pipeline remains healthy; policy support aiding execution.
• Recycling facility at Wada progressing toward commercial operations.
• Energy efficiency and EV charging initiatives expanding for sustainable energy mix.

Capital structure & liquidity

• Equity share capital ₹7.2115 crore; authorized ₹15 crore.
• Share warrants issued: ₹19 crore; ₹4.75 crore received.
• Total equity base strengthened; reserves include ₹281 lakh securities premium.
• Consolidated borrowings ₹175.45 lakh; standalone debt nil.
• Net cash from operating activities: standalone ₹46.59 lakh; consolidated ₹160.40 lakh.
• Investments: non-current ₹492.34 lakh; consolidated ₹256.00 lakh.
• Unbilled revenue: ₹254.54 lakh included in revenue.

Governance & controls

• Board of five directors; four Independent Non-Executive Directors.
• Audit Committee: three members; Priya Joshi (Chair).
• Secretarial audit by Vijay S. Tiwari; no material non-compliance reported.
• Related party transactions are arm's length and approved by Audit Committee.
• Remuneration policy governs directors, KMPs, and senior management; performance-linked elements.
• Directors’ Responsibility Statement confirms going concern and internal controls.

Audit & disclosures

• Statutory auditors: NGST & Associates; term through 2029.
• Secretarial audit and certificate of non-disqualification issued.
• Management discussion and risk management disclosures form part of annual report.
• Independent auditors’ report cites no material adverse qualifications.

Risks & outlook

• Outlook positive for rooftop EPC, open-access, EV charging and recycling.
• ALMM List-II effective from June 2026; procurement planning emphasis.
• Regulatory risks include potential changes in open access, net metering and EPR.
• Funding and working capital management remains critical for project execution.

Other notable disclosures

• Management notes unbilled revenue of ₹254.54 lakh in both standalone and consolidated segments.
• Management states no significant changes in business during the year; no one-time settlements.
• No significant deposit takeovers; corporate social responsibility not mandatory for this company.

AGM scheduling and register closure

• The 35th AGM will be held on September 22, 2026 via VC/OAVM.
• Register of Members and Share Transfer Register will be closed September 16-22, 2026 for the AGM.

Financial results approved

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
• Limited Review Reports accompanying the results approved and placed on record.

Auditor remarks

• Statutory auditors conducted a limited review; no material misstatement identified.

Operational updates / projects

• Two solar generation projects under implementation; commissioning targeted by end of Q3 FY27.
• Battery Recycling Project (8 TPD) at Wada; revenue start in Q3 FY27.

Other disclosures

• Board meeting on 11 August 2026; results prepared per Ind AS and SEBI LODR.

Meeting Details

• Board meeting on 11 Aug 2026 to approve unaudited stand-alone/consolidated results for quarter ended June 30, 2026.

Other Notes

• Trading window reopens 48 hours after results declaration at August 11, 2026 board meeting.