Sterling Powergensys Ltd

Sterling Powergensys Ltd – Trading window closed from 01 October 2026 until 48 hours after the declaration or announcement of Un-audited Standalone Financial Results for the quarter ending 30 September 2026.

AGM details

• AGM held on 12 September 2026; 03:00 PM to 03:40 PM; physical with remote e-voting.
• Venue: Sundaram, 2nd floor, Ghatkopar, Mumbai; record date 04 September 2026.
• Total shareholders on record: 8,404.
• Voting results combined remote e-voting and meeting votes; Scrutinizer: Kirti Bihani & Associates.

Key resolutions

• Resolution 1 (Ord): Adopt audited financial statements for year ended March 31, 2026.
• Resolution 2 (Ord): Re-appointment of Rajlaxmi I by rotation.
• Resolution 3 (Ord): Regularisation of Periasamy Mathialagan as Non-Executive Non-Independent Director.
• Resolution 4 (Special): Reappointment of Sankaran Venkat Subramanian as Managing Director.

Voting results

• All four resolutions passed; total votes polled: 545,332.
• No opposition reported for any resolution.

Dividend

• Dividend not proposed or declared at this AGM.

Director changes

• Rajlaxmi I re-appointed by rotation as director.
• Periasamy Mathialagan regularised as Non-Executive Non-Independent Director.
• Sankaran Venkat Subramanian reappointed as Managing Director.

AGM Details

• AGM held on 12 September 2026 at 3:00 PM IST.
• Venue: Sundaram, Patidar Wadi, L.B.S. Marg, Ghatkopar (West), Mumbai.
• Meeting concluded at 3:40 PM IST.
• Notice and annual report for 2025-26 circulated to shareholders.
• e-voting available from 9 Sep to 11 Sep 2026.

Key Resolutions

• A: Adoption of audited financial statements for year ended March 31, 2026.
• B: Re-appointment of Rajlaxmi Iyar as Non-Executive Director.
• C: Regularisation of Periasamy Mathialagan as Non-Executive Non-Independent Director.
• D: Re-appointment of Sankaran Venkata Subramanian as Managing Director.

Voting Results

• A: Adoption of financial statements — outcome not disclosed.
• B: Rajlaxmi Iyar — outcome not disclosed.
• C: Periasamy Mathialagan — outcome not disclosed.
• D: Sankaran Subramanian — outcome not disclosed.

Financial performance

• Revenue from operations rose to ₹2,380.05 Lakhs, up 88.8% YoY.
• Total income ₹2,441.07 Lakhs; PAT ₹98.55 Lakhs.
• EPS Basic ₹1.87; no dividend proposed for 2025-26.
• Debt-Equity 1.62x; net debt to equity 1.61x.
• Current ratio 1.22; ROE 71.20%.

Business & strategy

• Core business: sale of solar systems, EPC projects, and trading.
• R&D on Green Hydrogen viability; exploring government collaboration.
• Green Hydrogen and other clean energy tech form long-term opportunities.

Governance & board

• Nishant Rao Tamapa appointed Executive Director on 14 Aug 2025.
• Rajesh Rama Swamy appointed Independent Director on 4 Sep 2025.
• MD Subramanian re-appointed for 2026-2031.
• Five board meetings conducted in 2025-26.

Audits & compliance

• Statutory auditors: DGMS & Co; Secretarial auditors: Deepak Chheta.
• Auditors’ report: unmodified; secretarial audit notes promoter dematerialisation 20.81%.
• Delays in governance filings noted; actions taken to strengthen compliance.

Capital structure & liquidity

• Equity share capital: ₹5.26 Crore; total equity: ₹1.38 Crore.
• Total borrowings (non-current): ₹22.47 Crore; net debt to equity 1.61x.
• Cash and cash equivalents: ₹0.50 Lakh.

Operations & product mix

• Revenue mix: Solar systems, EPC services, electrolyser components, bearings.
• Erection & commissioning charges: ₹52.77 Lakhs.
• Blue-sky opportunities in Green Hydrogen and related tech.

Regulatory disclosures & depositories

• Shares dematerialised via NSDL and CDSL; ISIN INE067E01013.
• CSR not applicable; listed on BSE.

Outlook & risks

• Outlook positive for renewable energy; Green Hydrogen opportunities.
• Risks from competition, policy changes, and supply chain disruptions.
• Management focuses on cost control and robust project execution.

Book closure details

• Book closure from 05 September 2026 to 12 September 2026 (inclusive) for AGM.
• AGM date scheduled for 12 September 2026.
• Determines voting eligibility at the AGM.

AGM Details

• Date and time: 12 September 2026 at 03:00 PM.
• Venue: Sundaram, 2nd Floor, Patidar Wadi, Ghatkopar, Mumbai.
• Mode: physical meeting.
• Record/book closure: 5 Sep to 12 Sep 2026.

Key Resolutions

• Item 1: Ordinary—Adoption of audited financial statements for the year ended March 31, 2026.
• Item 2: Ordinary—Re-appointment of Mrs. Rajlaxmi Iyar, Non-Executive Director, retiring by rotation.
• Item 3: Ordinary—Regularisation of Mr. Periasamy Mathialagan as Non-Executive Director.
• Item 4: Special—Re-appointment of Sankaran Venkata Subramanian as MD for five years.
• Remuneration: Rs 72,000 per month; no sitting fees.

Key approvals

• Unaudited standalone Q1-2026 results approved; quarter ended 30 June 2026; results reviewed by statutory auditors.
• Draft Board Report and Annexures including Director Responsibility Statement for FY2025-26 approved.
• M/s Kirti Bihani & Associates appointed as e-voting Scrutinizer for 41st AGM.
• Statutory auditors reviewed the results; Audit Committee recommended; Board approved on 14 Aug 2026.

Meeting Details

• Date and time: Friday, August 14, 2026 at 03:00 P.M.
• Venue: Registered Office, Rajhans Helix 3, L B S Marg, Ghatkopar West, Mumbai.

Key Agenda Items

• Un-audited financial results for the quarter ended June 30, 2026, with limited review.
• Approval of Board Report, annexures, and Director Responsibility Statement for FY 2025-2026.
• Approval of Notice for 41st AGM with venue, date and time.

Other Notes