Winro Commercial India Ltd

AGM and book-closure details

• AGM scheduled for 24 September 2026 via VC/OAVM.
• Book closure from 17 September to 24 September 2026, both days inclusive.
• E-voting cut-off date is 17 September 2026 for voting eligibility.
• Remote e-voting period runs 20 September 2026 09:00 IST to 23 September 2026 17:00 IST.
• Purpose: Annual General Meeting.

Independent Director Re-appointment

• Type of change: re-appointment of Mrs. Rupal Vora as Non-Executive Independent Director.
• Effective date and term: 14 February 2027 to 13 February 2032 (five years).
• Subject to shareholders' approval at the ensuing AGM.
• Reason: second consecutive five-year term.
• Profile: Ms. Rupal Anand Vora, legal professional with 35+ years' experience as director in listed and private entities.
• Relationships: not related to any director on the board.
• Debarment: not debarred by SEBI or other authorities.

Key board decisions

• Approved unaudited standalone and consolidated quarterly results for quarter ended 30 June 2026, including Limited Review Report.
• Approved Notice of the 43rd AGM to be held on 24 September 2026 via VC/OAVM.
• Approved Directors' Report with annexures for the year ended 31 March 2026.
• Re-appointed Mrs. Rupal Vora as Non-Executive Independent Director for a second five-year term, subject to member approval.
• Re-appointed Mr. Sandeep Kumar Kejariwal as Director in place of retirement-by-rotation, subject to member approval.
• Book closure from 17 September 2026 to 24 September 2026 for AGM.

Target overview

• Target: Adani Enterprises Limited, diversified infra and energy group with presence in India and abroad.
• Date of incorporation: 02-03-1993.
• Line of business spans airports, roads, water, data centers and more.
• Turnover: 2023-24 Rs 98,281.51 Cr; 2024-25 Rs 1,00,365.08 Cr; 2025-26 Rs 1,02,943.24 Cr.

Transaction details

• Acquirer: Winro Commercial (India) Limited, NBFC investing in shares and securities.
• Not a related party transaction; no promoter interest involved.
• Shares acquired: 3,46,860; post-issue stake: 0.04%.
• Share price: Rs 2,883 per share.
• Total cost of acquisition: Rs 99,99,97,380.
• Form of consideration: cash.
• Completion timeline: Allotment completed 7 July 2026.
• Regulatory approvals: Not applicable.
• Rationale: Investment by Winro as financial investor; outside main NBFC activity.

Target and investment details

• Target: Adani Enterprises Limited, diversified conglomerate with airports, roads, water, data centers, solar.
• Net worth Rs 62,778.98 Cr; turnover Rs 1,02,943.24 Cr (2025-26).
• Related party: Not a related-party transaction.
• Industry: Diversified infrastructure and energy segments.
• Purpose: Winro invests as a financial investor in Adani Enterprises.
• Regulatory: Not applicable.
• Timeline: Completion on or before 10 July 2026.
• Consideration: Cash.
• Cost: Total consideration Rs 99.99 Cr; price Rs 2,883 per share.
• Shares: 3,46,860 Equity Shares.
• Background: Incorporated 02.03.1993; presence in India and abroad.

Dematerialisation status

• No dematerialisation/rematerialisation requests were received during the period.
• Nil securities dematerialised; therefore, nothing to list on stock exchanges.