Nagpur Power Approves FY26 Financials and Board Reappointments at 30th AGM
During its 30th Annual General Meeting, Nagpur Power adopted its FY26 financials and re-appointed key directors, ensuring continuity in leadership.
The AGM approved both standalone and consolidated financial statements for FY26.
Nidhi Salampuria and Gautam Khandelwal were re-appointed to key positions on the board.
Voting results will be reported to BSE as per regulatory requirements.
Nagpur Power & Industries convened its 30th Annual General Meeting (AGM) on September 29, 2026, where significant decisions were made regarding the company's financials and board structure. The meeting, held via video conferencing, focused on adopting the audited standalone and consolidated financial statements for the fiscal year ending March 31, 2026. The proceedings lasted a brief six minutes, from 3:00 PM to 3:06 PM, and included participation from key directors and company officials.
The AGM's agenda featured the adoption of financial statements, which were presented without qualifications in the audit report, allowing shareholders to accept them without further discussion. The board also re-appointed Nidhi Salampuria as a director after her retirement by rotation and approved Gautam Khandelwal's re-appointment as Executive Chairman, reinforcing the company's leadership stability.
Voting for the resolutions was conducted through remote e-voting prior to the meeting, with an additional live e-voting window during the AGM for those who had not yet cast their votes. The results of the voting, including the Scrutinizer's Report from DSM and Associates, will be submitted to BSE Limited in compliance with Regulation 44(3) of the SEBI Listing Regulations, ensuring transparency and adherence to corporate governance standards.
The decisions made during the AGM are expected to have a significant impact on Nagpur Power's strategic direction. With Gautam Khandelwal taking on the role of Executive Chairman, the company is poised to pursue growth initiatives and capital expenditure plans outlined in the newly adopted financial statements. The clean audit report further positions Nagpur Power favorably for future fundraising activities, whether through debt or equity.
Looking ahead, stakeholders will be keenly observing how these leadership changes and financial strategies will influence the company's performance in the upcoming fiscal year. The next steps include the formal submission of voting results to BSE and the implementation of the strategic initiatives discussed during the AGM.
