Times Green Energy (India) Ltd

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.

Management changes

• Independent Director appointed: Sheeza Abbas appointed as Independent Director, effective August 18, 2026, for 5-year term.
• Shareholder approval required; Board approved appointment on August 18, 2026.
• Profile: BA; management-oriented professional with real estate, wealth management, financial services, and hospitality experience.
• Not related to any director.
• Term: 5 years from 18 August 2026; subject to shareholder approval.
• Additional Executive Director appointed: Ramakrishna Avadhanam designated as Whole-Time Director.
• Effective date: August 18, 2026; term: 5 years, subject to shareholders' approval.
• Profile: Ramakrishna Avadhanam, media and entertainment management professional with two decades' experience.
• Not related to any director; not debarred by SEBI order.

Board actions

• Board approved raising of equity capital via permissible mode, subject to shareholder approval at AGM.
• Alteration of MOA object clause to enable renewable energy generation and related activities.

Audit appointment

• Appointed TRAK and Associates as Statutory Auditors from 16th to 21st AGM, subject to shareholder approval.

New director appointments

• Appointment of Ms. Sheeza Abbas as Non-Executive Independent Director, subject to shareholder approval.
• Appointment of Mr. Ramakrishna Avadhanam as Whole-Time Director, subject to shareholder approval.

Director terminations

• Expiry of terms of Bhambal Ram Meena and Sripati Susheela; not continued, ceasing Aug 25, 2026.

Governance documents

• Draft Board Report, MD&A for FY2025-26 and AGM notice with Scrutinizer appointment.

Fund-raising details

• Total proposed equity issuance not exceeding Rs. 100 crore under SEBI ICDR.

Key approvals and actions

• Equity capital raise up to Rs 100 crore via permissible modes, subject to AGM approval.
• Alteration of MOA to expand renewable energy generation and related activities.
• Reconstitution of Board Committees approved.

Governance reporting and AGM materials

• Draft Board Report for FY2025-26 approved with annexures.
• MD&A for FY2025-26 and annexures approved.
• Draft AGM notice and appointment of Scrutinizer approved.

Auditors and director changes

• Statutory Auditor TRAK and Associates appointed for five years, subject to shareholder approval.
• Ms. Sheeza Abbas appointed Additional Non-Executive Independent Director, till ensuing AGM, subject to approval.
• Mr. Ramakrishna Avadhanam appointed Additional Director and Whole-Time Director, till approval.
• Bhambal Ram Meena ceases as Non-Executive Non-Independent Director, effective 25 Aug 2026.
• Sripati Susheela ceases as Non-Executive Independent Director, effective 25 Aug 2026.

Regulatory disclosures and annexures

• Annexures A–G summarize fund-raising, MOA changes, auditor, and director cessations.

Meeting Details

• Board meeting scheduled for Tuesday, August 18, 2026.
• Time not disclosed.
• Location: Corporate Office, Hyderabad.

Key Agenda Items

• Raising of equity capital through permissible mode.
• Draft AGM notice and appointment of Scrutinizer.
• Alteration in object clause of Memorandum of Association.
• Appointment of statutory auditors.
• Appointment of Ms. Sheeza Abbas as Non-Executive Independent Director.
• Appointment of Ramakrishna Avadhanam as Whole-Time Director.
• Expiry of Bhambal Ram Meena's term; not to continue/re-appoint.
• Expiry of Ms. Sripati Susheela's term; not to continue/re-appoint.
• Any other business with permission of Chair.

Other Notes

• Trading window closed from 13 August 2026 to 20 August 2026.