Promax Power Ltd

Promax Power Ltd has announced its 9th Annual General Meeting (AGM) scheduled for September 30, 2026. The company has also released its Annual Report for the fiscal year 2025-26. The filing includes the notice of the AGM and the comprehensive annual report, which details corporate information, financial statements, director's reports, and auditor's reports. The AGM will be held at the company's registered office in Chandigarh.

Promax Power Ltd has issued a notice for its 9th Annual General Meeting (AGM) along with the Annual Report for the fiscal year 2025-26. This filing, made pursuant to SEBI (LODR) Regulations, 2015, includes the AGM notice and the comprehensive annual report. The report details corporate information, messages from leadership, the notice of the AGM, directors' report, committee policies, audit reports (secretarial and statutory), standalone financial statements, and logistical information for attending the AGM, including a route map and proxy form. The AGM is scheduled for September 30, 2026, at 11:00 a.m. IST at the company's registered office in Chandigarh. The company also highlighted its commitment to a 'Green Initiative' by encouraging members to register their email addresses for paperless communication.

Promax Power Ltd's Board of Directors met and approved the convening of the 9th Annual General Meeting (AGM) on September 30, 2026. Shareholders will have the facility for remote e-voting from September 27 to September 29, 2026, with a cut-off date of September 23, 2026. The Board also approved the appointment of M/s. Prachi Lad & Associates as Secretarial Auditors for five years, subject to member approval. Additionally, the Board's Report and the 9th Annual Report for FY 2025-2026 were approved. Reappointments of Mr. Vishal Bharadwaj as Managing Director and Mr. Sanjay Kumar as Non-Executive & Independent Director for five-year terms were also approved, pending shareholder consent at the AGM.

Promax Power Ltd has filed its Annual Report for FY 2025-26 and the Notice of its 9th Annual General Meeting (AGM) with the stock exchange. The filing, made pursuant to SEBI (LODR) Regulations, includes the Annual Report and the AGM Notice. The AGM is scheduled for September 30, 2026, at 11:00 a.m. IST in Chandigarh. The company is also promoting paperless compliance and encouraging members to register their email addresses for electronic communication.

Promax Power Ltd has announced its audited standalone financial results for the year ended March 31, 2026. The company reported revenue from operations of ₹7,073.12 lakhs and a profit of ₹55.67 lakhs for the year ended March 31, 2026. The Board of Directors approved these results in their meeting held on May 30, 2026.

Promax Power Ltd's Board of Directors approved the audited standalone financial results for the year ended March 31, 2026. The company reported revenue from operations of ₹7,073.12 lakhs and a profit of ₹55.67 lakhs for the year ended March 31, 2026. The Board Meeting, which commenced at 2:00 P.M., concluded at 3:30 P.M.

Promax Power Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the Standalone Audited Financial Results for the financial year 2025-26, which ended on March 31, 2026. The trading window remains closed until 48 hours after the declaration of the results.

Promax Power Ltd. announced the appointment of M/s. Manish Jain & Associates, Chartered Accountants, as the Statutory Auditors of the company. The appointment, effective from May 9, 2026, until the conclusion of the Annual General Meeting in 2026, was approved by the shareholders via Postal Ballot Resolution dated May 9, 2026. This decision follows the recommendation of the Audit Committee and aims to fill the Casual Vacancy in the office of Statutory Auditor.

Promax Power Ltd has clarified that all material information, including price sensitive information, has been disclosed within the stipulated time as per SEBI regulations. There are no pending announcements that could affect the price behavior of the scrip. The company will continue to make applicable disclosures as required. The movement in the share price is attributed to market conditions and is not connected to the company's management in any way.

Promax Power Limited has acquired 63.76% stake in Promax Solar One Hubli Private Limited for the purpose of development, ownership and operation of a 6.0 MW (AC) solar power project at Hipparagi, Karnataka. The acquisition, made on February 2, 2026, is a related party transaction but at arm's length. The target entity, Promax Solar One Hubli, is a newly incorporated SPV with no turnover. The acquisition does not require any regulatory approval other than those already obtained or to be obtained in the ordinary course of business.