Veer Energy & Infrastructure Ltd

Veer Energy & Infrastructure Ltd – Closure of trading window (routine notice).

AGM details

• Date and time: 23-09-2026, 12:00–12:10 PM.
• Mode: video-conference participation noted.
• Record date: 16-09-2026.
• Shareholders on record date: 22,297.
• Attendees via video: Promoters 4, Public 75.
• Total resolutions passed: 4.

Key resolutions

• Resolution 1 (Ord): Adopt audited financial statements and Board and Auditors reports.
• Resolution 2 (Ord): Re-appointment of Bhavin S. Shah by rotation.
• Resolution 3 (Special): Re-appointment of Bhavin S. Shah as Non-Executive.
• Resolution 4 (Special): Re-appointment of Krupa Jain as Whole-time Director.

Voting results

• Resolution 1 passed; near-unanimous support.
• Resolution 2 passed; overwhelming support.
• Resolution 3 passed; overwhelming support.
• Resolution 4 passed; overwhelming support.

Dividend

• Dividend proposal/declared: not mentioned.

Director changes

• Bhavin S. Shah re-appointed by rotation as Director.
• Bhavin S. Shah re-appointed as Non-Executive Director.
• Krupa Jain appointed as Whole-time Director.

Auditors

• Auditors continued; remuneration not disclosed.

Material related party transactions

• No material related party transactions disclosed.

Other material approvals

• No other material approvals reported.

AGM Details

• AGM held on September 23, 2026 at 12:00 IST via VC/OAVM.
• Mode: VC/OAVM.
• Total 79 members attended in person.
• NSDL facilitated remote e-voting and on-site e-voting.

Resolutions

• Adopt audited financial statements for the year ended March 31, 2026.
• Appoint a director in place of the retiring director by rotation.
• Re-appointment of the director as Non-Executive Director, liable to retire by rotation.
• Re-appointment of Krupa Jain as Whole-Time Director (Special).

AGM and AR access

• AGM scheduled for Sept 23, 2026 at 12:00 IST via VC/OAVM.
• AR 2025-26 available online at veerenergy.net; exact path provided.
• Web-link with AR details to non-registered members by cut-off date.
• KYC reminder per SEBI circular; demat/nomination formats on site.
• Physical holders to update PAN, address, mobile, bank details, and nomination.
• Electronic payment eligibility for physical folios lacking updates from Apr 1, 2024.

KYC/compliance for physical holders

• SEBI circular mandates updating PAN, address, mobile, bank details, and nomination for physical holders.
• Payments to un-updated physical folios restricted to electronic mode post-Apr 1, 2024.
• Reminder to update email addresses to enable receipt of important documents.
• Green initiative emphasized; queries to be handled via company website.

Financial highlights

• Revenue from operations: ₹45.49 Cr in 2025-26 vs ₹103.23 Cr in 2024-25.
• Total income: ₹81.24 Cr in 2025-26 vs ₹136.64 Cr in 2024-25.
• EBITDA ₹9.53 Cr; depreciation ₹6.99 Cr; finance cost ₹0.06 Cr.
• PAT after tax ₹19.53 Lakh in 2025-26.
• EPS ₹0.13 per share (basic/diluted).
• Net worth ₹62.97 Cr at 31 Mar 2026; ₹64.21 Cr prior year.
• Dividend not recommended for year ended 31 March 2026.
• No borrowings; gearing 0%.
• Cash and cash equivalents ₹1.01 Cr at year-end.
• Operating cash flow negative ₹1.78 Cr; net year cash flow ₹0.85 Cr.
• Tax disputes: Income tax ₹6.92 Cr; GST ₹0.29 Cr; no provision.

Operations & business

• Single segment: Infrastructure; wind energy projects in India.
• Operations confined to India; no overseas subsidiaries.
• Renewable energy growth aids long-term opportunities.
• Plan to expand wind infrastructure and improve efficiency.

Governance & board

• Board comprises six directors: two executive, one woman, three independent.
• Audit Committee has three independent directors.
• Bhavin Shah reappointed Non-Executive Director for five years from 30-Dec-2026.
• Krupa Jain reappointed Whole-Time Director for five years from 30-Dec-2026; ₹2.92 L p.a.
• Annexures I & II cover director independence and remuneration policy.
• Related party transactions disclosed; all in ordinary course; RPT policy on website.
• Secretarial and statutory audits: no qualifications.

Capital structure & liquidity

• Equity share capital ₹149.63 Cr; 14,962,935 shares of ₹10.
• Promoter Yogesh M. Shah holds 22.80%.
• No borrowings; gearing 0%.
• Cash & cash equivalents ₹10.13 million at year-end.
• Related party deposits: MD ₹2.00 Cr; Veer Health ₹2.50 Cr; carrying amounts ₹1.76 Cr and ₹1.95 Cr.
• Remuneration to MD ₹12.78 L; WD ₹6.73 L; Company Secretary ₹3.00 L.
• Related party sales to Veerhealth Care Limited ₹2.50 Cr.
• Dematerialisation: 99.99% of shares.
• AGM: 46th AGM on 23 Sep 2026; VC/OAVM; book closure 17-23 Sep 2026.

Audit & compliance

• Auditor: Jayesh R Shah & Co; five-year tenure ending at 47th AGM; no qualification.
• Secretarial auditor: Nidhi Shah & Associates; no qualification.
• Internal controls: adequate; no material weaknesses observed.
• Contingent liabilities include tax disputes; no provision recognized.
• Compliance certificates and MD/CFO certification included.

Shareholders & disclosures

• 46th AGM scheduled for Sep 23, 2026; VC/OAVM; Notice on company website.
• Book closure: 17-23 Sep 2026.
• Scrip code 503657; BSE listing; 99.99% dematerialised.
• Promoter shareholding: Yogesh M. Shah 22.80%; Krupa Jain 1.42%.

Risks & outlook

• Outlook: wind energy remains a key growth area in India.
• Risks: regulatory changes; external policy shifts; credit risk.
• Management aims to leverage renewable energy opportunities with efficiency improvements.

Bhavin Shah – Re-appointment as Non-Executive Director

• Change: Re-appointment as Non-Executive Director.
• Effective from 30 December 2026 for five years until 29 December 2031.
• Reason: Recommended by Nomination & Remuneration Committee; subject to AGM approval.
• Profile: M.Com; 15+ years in production/procurement; MD of Veerhealth Care.
• Relationship: Brother of Yogesh Shah, Managing Director.
• Shareholding (as of 30 June 2026): Nil.

Krupa Jain – Re-appointment as Whole-Time Director

• Change: Re-appointment as Whole-Time Director.
• Effective from 30 December 2026 to 29 December 2031 (five-year tenure).
• Reason: Recommended by Nomination & Remuneration Committee; subject to AGM approval.
• Profile: M.Com; PGDM; associated with the company for 10 years; handles finance and operations.
• Relationship: Daughter of Yogesh Shah; Promoter of the company.
• Shareholding (as of 30 June 2026): 2,12,304.

Meeting Details

• Date, time and location not disclosed in the provided chunk.

Dematerialisation processing and listing

• Securities received for dematerialisation during quarter ended 30 June 2026 were confirmed to the depositories.
• Securities in the certificates were listed on the stock exchanges where the earlier issues are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after due verification.
• The depositories' name was substituted as registered owner in the records within prescribed timelines.