GK Energy Ltd

GK Energy Ltd – Trading Window closed from October 01, 2026 until 48 hours after declaration of the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026.

Meeting Details

• Date: Sep 30, 2026; Virtual one-on-one and group meetings.
• Event: Arihant Capital Bharat Connect Conference: Rising Stars 2026 – Sep Edition.
• Organizer: Arihant Capital.

Participants

• Key participants: Company management (CEO, CFO or equivalent senior executives).

Purpose

• Purpose: Earnings/results discussion and investor interaction.

Award details

• LoA for 150 MW / 300 MWh BESS in Maharashtra received.
• Tariff of ₹2,38,000 per MW per month; annual revenue ₹42.84 Crore (excl. GST).
• Contract term: 15 years from commencement of commercial operations.
• Expands GK Energy into BESS, broadening its decentralised energy platform.
• Aims to leverage solar pumping and rooftop solar alongside storage.

Order details

• Awarding entity: Maharashtra State Electricity Distribution Company Limited (MSEDCL).
• Scope: Setting up 150 MW / 300 MWh Battery Energy Storage System (BESS) in Maharashtra.
• Contract type: One-time setup with 15 years of recurring monthly revenues.
• Tariff: ₹2,38,000 per MW per month, equating to ₹42.84 Cr per year (excl GST) for 15 years.
• Timeline: Commission within 18 months from signing of BESPA.
• Domestic entity; no promoter group interest; not a related-party transaction.
• Impact: Recurring revenue stream expected over 15 years.

Meeting details

• Date and event: 8 September 2026, Avendus Spark Small-Cap Investor Conference.
• Participants: Company management to attend; one-on-one and group meetings; physical in Mumbai.

AGM Details

• Date and time: 31 August 2026, 11:00 IST; mode: VC/OAVM.
• Record date: 24 August 2026.
• Meeting ended: 11:53 IST.
• Consolidated Scrutinizer's Report dated 02 September 2026.

Resolutions and outcomes

• Adopt standalone and consolidated financial statements for year ended March 31, 2026.
• Declare final dividend of Rs 0.50 per equity share.
• Reappoint Navaniit Narayand Mandhaani by rotation.
• Appoint Secretarial Auditors.
• Approve remuneration for Gopal Kabra, Chairman, MD and CEO.
• Increase maximum remuneration for Mehul Ajit Shah, Whole-Time Director/COO.
• Increase borrowing limit under Section 180(1)(c).
• Create mortgage/charge on assets under Section 180(1)(a).

Dividend

• Final dividend of Rs 0.50 per equity share approved.

Director changes

• Navaniit Narayand Mandhaani reappointed as Director.

Auditors

• Secretarial Auditors appointed.

Material related party transactions

• No material related party transactions approved.

Other material approvals

• Remuneration approvals, and borrowing and mortgage-related approvals.

AGM Details

• Date and time: 31 August 2026 at 11:00 A.M. IST; VC/OAVM mode.
• Attendance: 52 members present via VC/OAVM.
• Remote e-voting window 28–30 Aug 2026; cut-off 24 Aug 2026; results later.

Key Resolutions

• Ordinary: Adopt standalone and consolidated financial statements for year ended 31 Mar 2026.
• Ordinary: Final dividend of ₹0.50 per share (25%).
• Ordinary: Re-appointment of Navaniit Narayandas Mandhaani on rotation.
• Special: Appointment of Secretarial Auditor.
• Special: Remuneration payable to Gopal Kabra approved.
• Special: Revision in maximum remuneration for Mehul Shah.
• Special: Increase in borrowing limit under Section 180(1)(c).
• Special: Creation of mortgage or charge on assets under Section 180(1)(a).

Directors

• Navaniit Narayandas Mandhaani to be re-appointed.

Auditors

• Secretarial Auditor appointed.

Rooftop solar empanelment

• LOE awarded by a state government-owned utility for grid-connected rooftop solar.
• Empanelment covers 100 MW across 100,000 households.
• Contract value ₹454.50 Crore including GST.
• Total empanelment value since 1 Apr 2026 exceeds ₹1,092 Crore.
• Scope includes design, engineering, supply, installation, testing, commissioning, and five-year O&M.

Order details

• Awarding entity: State Government-owned power distribution utility (domestic).
• Scope: design, engineering, supply, installation, testing, commissioning of Grid Connected Rooftop Solar PV with 5-year O&M.
• Contract value: ₹454.50 crore inclusive of GST.
• Delivery: to be executed within 60 days from work order issuance.
• Domestic entity; no promoter group interest; no related party transactions.
• O&M: five-year operations and maintenance included.
• Potential revenue visibility from this ₹454.50 crore contract.

Meeting Details

• Date: Wednesday, August 26, 2026; time not specified; one-on-one and group meetings; physical Mumbai.
• Event: Non-Deal Roadshow organized by Churchgate Partners.

Participants

• Key participants: GK Energy company officials (management team).

Purpose

• Purpose: investor interaction during a non-deal roadshow.