Times Green Energy (India) Ltd

Dematerialisation status

• No dematerialisation requests were received during the reporting period.

Times Green Energy (India) Limited — Closure of trading window from 1 October 2026 until 48 hours after the announcement of the Un-Audited Financial Results for the half-year ended 30 September 2026 for designated persons of the Company including their immediate relatives.

AGM Details

• Date: 14 September 2026; Hyderabad venue; in-person.
• Start time: 11:00 AM; end time: 11:40 AM.
• Mode: Physical AGM; record date: 07 September 2026.
• Postal ballot receipt deadline: 14 September 2026.
• Scrutinizer: Jigarkumar Gandhi, ING & Co. LLP.

Key Resolutions & Outcomes

• Adoption of financial statements, Board and Auditor's reports: Passed.
• Appointment of Statutory Auditors: Passed.
• Regularize Ms. Sheeza Abbas as Non-Executive Independent Director: Passed.
• Regularize Divaker Nandanam as Non-Executive Independent Director: Passed.
• Regularize Ramakrishna Avadhanam as Whole-Time Director: Passed.
• To appoint Chandaka Janardhanrao as Additional Executive/Whole-Time Director: Passed.
• Re-appointment of Chandaka Janardhanrao as Whole-Time Director: Passed.
• Raising funds via private debentures up to Rs 30 crore with security: Passed.
• Alteration in Object Clause of Memorandum of Association: Passed.
• Raise capital through permissible methods: Passed.
• Dividend: Not proposed.

Director Changes & Appointments

• Chandaka Janardhanrao appointed as Additional Executive/Whole-Time Director.
• Ramakrishna Avadhanam regularized as Whole-Time Director.
• Divaker Nandanam regularized as Non-Executive Independent Director.
• Ms. Sheeza Abbas regularized as Non-Executive Independent Director.

Auditors & Capital Actions

• Statutory Auditors appointed (name not disclosed in the filing).
• Debenture issue approved: private placement up to Rs 30 crore; security created.
• Memorandum MOA object clause alterations approved.
• Capital raising via permissible methods approved.

Dividend & Related Approvals

• Dividend: Not proposed.
• No material related party transactions disclosed in this section.

AGM details

• Date, time, mode: 14 September 2026, 11:00 AM, physical meeting in Hyderabad.
• Total attendees: six members.
• Chairman: Chandaka Janardhanrao; Company Secretary: Mahavir Kumar Jain.
• Duration: 11:00 AM to 11:40 AM.
• Auditor reports had no qualifications or adverse observations.

Resolutions

• Ordinary: Adoption of annual financial statements with board and auditor reports.
• Ordinary: Re-appointment of Chandaka Janardhanrao as Whole Time Director.
• Ordinary: Appointment of TRAK & Associates as Statutory Auditors for five years.
• Special: Regularize Divaker Nandanam as Non-Executive Independent Director.
• Special: Regularize Sheeza Abbas as Non-Executive Independent Director.
• Special: Regularization of Ramakrishna Avadhanam as Whole Time Director.
• Special: Re-appointment of Chandaka Janardhanrao as Whole Time Director.
• Special: Raise funds via debentures up to Rs 30 crore with security.
• Special: Alter Object Clause of Memorandum of Association.
• Special: Approve capital-raising through permissible methods.
• Voting results pending; to be disclosed within 2 working days.

Director changes

• Divaker Nandanam regularized as Non-Executive Independent Director.
• Sheeza Abbas regularized as Non-Executive Independent Director.
• Ramakrishna Avadhanam regularized as Whole Time Director.
• Chandaka Janardhanrao re-appointed as Whole Time Director.

Auditors

• M/S TRAK & Associates appointed as Statutory Auditors for five-year term.

AGM Details

• Date and day: 14 September 2026 (Monday).
• Time: 11:00 AM; Mode: Physical; Venue: Hyderabad.
• Conclusion: 11:40 AM; Quorum: 6 members present.
• Remote e-voting available Sep 10–13; ballot at AGM.

Key Resolutions

• Ordinary: Adopt annual financial statements for year ended 31 March 2026.
• Ordinary: Re-appoint Chandaka Janardhanrao as Whole-Time Director.
• Ordinary: Appoint M/S TRAK & Associates as Statutory Auditors for five years.
• Special: Regularize Divaker Nandanam as Non-Executive Independent Director.
• Special: Regularize Sheeza Abbas as Non-Executive Independent Director.
• Special: Regularize Ramakrishna Avadhanam as Whole-Time Director.
• Special: Re-appoint Chandaka Janardhanrao as Whole-Time Director.
• Special: Raise funds via private placement of up to INR 30 crore NCDs, secured.
• Special: Alter Object Clause of Memorandum of Association.
• Special: Approve raising capital through permissible methods.

Book Closure Details

• Book closure: 07 Sep 2026 to 13 Sep 2026 (inclusive) for the 16th AGM.

Financial highlights

• Total Income ₹2,206.26 lakh; down from ₹4,009.56 lakh.
• Profit after tax ₹22.13 lakh; down from ₹39.92 lakh.
• EPS (Basic) ₹0.40 for FY2025-26.
• Dividend: no dividend proposed.

Capital structure & equity

• Rights issue: 11,23,200 shares at ₹80; ₹898.56 lakh raised.
• Bonus issue: 27,87,200 shares; paid-up capital ₹557.44 lakh.
• Total equity higher after rights and bonus issues.

Debt & liquidity

• Long-term borrowings repaid; balance sheet deleveraged.
• Debt-to-equity ratio falls to 0.02x.
• Cash and bank balances ₹129.21 lakh at year-end.

Governance & directors

• Divaker Nandanam appointed Non-Executive Independent Director.
• Sheeza Abbas appointed Non-Executive Independent Director.
• Ramakrishna Avadhanam appointed Whole Time Director.
• Chandaka Janardhanrao re-appointed as Whole Time Director.

Audits & controls

• Statutory Auditor: TRAK & Associates appointed for five years.
• Secretarial Auditor: JNG & Co. LLP re-appointed.

Operations & outlook

• Revenue split: Agro ₹472.03 lakh; E-commerce ₹1,734.04 lakh.
• Total revenue from operations ₹2,206.07 lakh.
• Outlook: deleveraging completed; capital redeployment planned.

Governance disclosures

• Related party transactions are arm's length; no material transactions.
• SME listing on BSE; listing fees paid.

Risk & compliance

• Internal controls are adequate; no material weaknesses reported.
• Secretarial audit flagged administrative filing gaps; remedial steps planned.

AGM details

• Date and time: September 14, 2026 at 11:00 AM
• Mode: physical meeting in Hyderabad
• Register closure: Sep 7–13, 2026

Ordinary business

• Receive, consider, and adopt annual financial statements and reports
• Reappoint Chandaka Janardhanrao as Whole Time Director for five years
• Appoint TRAK & Associates as Statutory Auditors for five years

Special business

• Regularize Divaker Nandanam as Non-Executive Independent Director for five-year term
• Regularize Sheeza Abbas as Non-Executive Independent Director for five-year term
• Regularize Ramakrishna Avadhanam as Whole Time Director for five-year term
• Re-appoint Chandaka Janardhanrao as Whole Time Director for five-year term
• Raise funds via up to INR 30 crore secured NCDs with 18% coupon
• Debenture trustee appointed and related security documents authorized
• Alter MOA to include agricultural products and renewable energy activities
• Authorize capital raising up to Rs 100 crore via multiple modes

Governance changes

• Divaker Nandanam appointed Non-Executive Independent Director for five-year term from January 20, 2026
• Sheeza Abbas appointed Non-Executive Independent Director for five-year term from August 18, 2026
• Ramakrishna Avadhanam appointed Whole Time Director for five-year term from August 18, 2026
• Chandaka Janardhanrao re-appointed Whole Time Director for five-year term from August 25, 2026
• Vani Kanuparthi term completed; no director retirement by rotation at ensuing AGM
• Remuneration for Whole Time Directors may be varied within Schedule V

Key Decisions

• Reappointment of Mr. Chandaka Janardhanrao as Whole Time Director approved, subject to shareholder approval.
• Appointment effective 25 August 2026 for a five-year term.
• Revised AGM notice to seek approval for reappointment and Aug 18, 2026 additional transactions.
• Mr. Chandaka Janardhanrao designated as Executive Director and Whole Time Director.
• Profile: experienced management consultant; associated with Anubhoothi Jewellers LLP.
• Not debarred from holding director office per SEBI.
• Nomination and Remuneration Committee recommended the reappointment.