Gita Renewable Energy Ltd

Management and governance changes

• Internal auditors appointed: M/s N N Kumar & Associates, Chartered Accountants, Chennai, for FY 2026-27.
• Firm details: Chartered Accountants, Firm Registration No. 00150498.
• Emmanuel (DIN 10894681) appointed Additional Director, Non-Executive Independent, 12 Aug 2026–11 Aug 2031, subject to approval.
• Commerce professional with finance, accounts and power/renewable sector experience.
• No inter-se relationship with other Directors or KMP.
• Seshadri Sekar resigned as Independent Director effective 12 Aug 2026 due to personal reasons.
• Resignation accepted by the Board; no other material reasons stated.
• Sankaran Sivasailapathi re-appointed Independent Director for five years from 31 Mar 2027 to 30 Mar 2032.
• Profile: Bachelor of Business Law; 25+ years in engineering and legal fields.
• No inter-se relationships between Sankaran and other Directors or KMP.
• Adoption of new MOA and AOA; subject to Special Resolution at AGM.
• Enhancement of Section 186 limit to Rs 200 crore; subject to AGM.
• Enhancement of overall borrowing limits to Rs 200 crore; subject to AGM.
• Addition of new object clause to allow energy/infrastructure services; subject to AGM.

Financial results and audit

• Standalone unaudited results for quarter ended 30 June 2026 approved.
• Limited Review Report issued by M/s. Aayush Bohra & Co.

Internal audit appointment

• Appointed M/s. N N Kumar & Associates as Internal Auditors for 2026-27.

Board changes: appointments and resignations

• Appointed Mr. Emmanuel as Additional Director (Independent) from 12 August 2026 to 11 August 2031, pending approval.
• Independent Director Seshadri Sekar resigned effective 12 August 2026.
• Re-appointed Mr. Sankaran Sivasailapathi as Independent Director from 31 March 2027 to 30 March 2032.

MOA and AOA amendments

• Adoption of new MOA replacing existing MOA, at AGM via Special Resolution.
• Adoption of new AOA replacing existing AOA, at AGM via Special Resolution.

Capital and borrowing limits

• Enhancement of Section 186 investment limit up to Rs 200 crore, via AGM Special Resolution.
• Enhancement of overall borrowing limit up to Rs 200 crore, via AGM Special Resolution.

Object clause addition

• Addition of new object to MOA to cover energy and infrastructure ventures.

Regulatory disclosures

• Annexures I-III disclosed under Regulation 30 LODR.

Board meeting details not disclosed in filing chunk

Dematerialisation processing and listing

• Dematerialisation requests during the reporting quarter were processed and confirmed to depositories by the RTA.
• Securities dematerialised have been listed on the stock exchanges where the issuer's securities are listed.
• Certificates for dematerialisation were mutilated and cancelled after verification, with depository name substituted as owner within 15 days.

Financial results

• Board approved standalone audited financial results for quarter and year ended 31 March 2026.
• Auditors issued an unmodified opinion on the standalone audited results.

Key financials

• Quarter ended 31 March 2026: total income Rs 30.68 lakhs; net profit Rs 20.40 lakhs.
• Year ended 31 March 2026: total income Rs 32.24 lakhs; net loss Rs 1.21 lakhs.
• Paid-up equity share capital remained Rs 411.23 lakhs.
• Cash and cash equivalents increased to Rs 22.12 lakhs at year-end.

Business segment

• Company reported only one significant segment: generation of electricity from non-conventional sources.