Fujiyama Power Systems Ltd

Capital-raising plan and ESOP allocation

• Board approved QIP for equity shares up to ₹1,200 crore, subject to approvals.
• QIP Committee constituted to determine size, timing, price, allocations.
• Postal ballot to seek shareholder approval; notices to be circulated as required.

ESOP issuance and capital impact

• ESOP 2023: 4,11,587 equity shares issued at Rs 398.39 per share.
• Issued capital rises to Rs 30,73,13,349 with 30,73,13,349 shares.
• Shares issued rank pari passu with existing shares; listing filings to be completed.

Governance / Compliance

• Order dated Oct 13, 2026 imposed INR 3,00,000 penalty on the company.
• Penalties paid Oct 14, 2026 by company and JMDs; seized goods valued INR 2.52 Crores to be released.
• No material impact on financials; operations continue as usual.

AGM Details

• AGM held Sep 25, 2026; remote e-voting conducted; scrutinizer appointed.
• Results hosted on company and MUFG Intime India websites; scrutinizer report enclosed.

Resolutions and outcomes

• All resolutions set out in AGM notice passed.

Fujiyama Power Systems Limited trading window closed from Oct 1, 2026 until 48 hours after the unaudited financial results for the quarter and half year ending Sep 30, 2026.

agm details

• AGM conducted via VC/OAVM.
• Quorum present; all Directors attended.
• Voting windows: remote and on-site during AGM.
• Scrutinizer appointed for vote counting.
• Consolidated results to be announced within two working days.

resolutions

• Ordinary: adopt audited financial statements for the year.
• Ordinary: re-appointment of director by rotation.
• Ordinary: appointment of secretarial auditor.
• Ordinary: fix remuneration to cost auditors.
• Special: alteration of Articles of Association.
• Ordinary: fees for service of documents under Section 20.

directors & auditors

• Director re-appointment by rotation proposed.
• Statutory auditor's report had no qualification.
• Secretarial auditor appointment approved.

other material approvals

• Alteration of Articles of Association approved.

voting process

• Remote e-voting available; on-site voting during AGM.
• 15-minute post-meeting voting window.

Meeting Details

• Dates: Sep 28, 2026 to Oct 2, 2026.
• Event: Singapore non-deal roadshow with one-on-one and group meetings (in-person).
• Participants: Company management to participate.
• Purpose: Analyst/investor discussions during the non-deal roadshow.
• Materials: Schedule details will be available on the company website.

Meeting Details

• Plant visit for investors/analysts on Saturday, 26 September 2026; venues: Greater Noida and Dadri; time not disclosed.
• Followed by a management meet with analysts/investors.

Participants

• Key company participants: senior management team (roles not specified) to attend.

Purpose

• Purpose: plant visit and management meet to discuss investor relations with analysts.

Additional Notes

• No unpublished price-sensitive information is proposed to be shared.
• Details will be available on the company’s investor relations page.

Annual report and AGM notice distribution

• On Sep 2, 2026, dispatched by post to members with unregistered emails a link to FY2025-26 Annual Report.
• The communication includes access to the Annual Report and Notice for the 9th AGM via web-link.
• This action is carried out under Regulation 36(1)(b) of SEBI LODR.
• No change to governance or financials; disclosure pertains to member communications.

Overview

• Manufactures Solar Power Generating Systems and power electronics components; 100% turnover from solar solutions.
• Reporting boundary: FY2025-26; data limited to the current year since listing occurred in 2025.
• Listed on BSE and NSE, with listing in November 2025.

Key ESG Risks & Opportunities

• Renewables transition identified as growth opportunity; benefits from decarbonization focus.
• Energy efficiency and sustainable manufacturing viewed as opportunity; adoption of energy-saving tech.
• Technological innovation in solar products seen as opportunity to improve performance.
• Climate/regulatory compliance risk; mitigated by regulatory monitoring and cleaner technologies.
• Supply chain disruptions risk; mitigated by supplier diversification and long-term relationships.
• Workforce skill development in green technologies as opportunity for capacity building.
• CSR initiatives and community development present opportunities for stakeholder relations.
• Health and safety in manufacturing is risk; mitigated by ISO 45001, audits, and PPE.

Governance & Policy Highlights

• ESG Committee oversees implementation; includes CMD, CEO, CFO, plant heads.
• Policies include Code of Conduct, Whistle Blower, Related Party Transactions, ISO standards.
• Independent assessment conducted for ISO 14001 and ISO 45001; other processes internally reviewed.
• Compounding penalty of ₹1.60 million for secretarial audit non-compliance.
• Governance policies accessible via company governance web page; RTA handles grievances.

Social Responsibility & Workforce

• Total employees: 2,278 permanent; 3,122 workers; gender skew toward males.
• Board female representation: 16.7%; Key Management Personnel female representation: 25%.
• Turnover FY2025-26: permanent 25.8%; workers 35.0%.
• LTIFR: employees 0.87; workers 1.66; no fatalities reported.
• Comprehensive employee benefits: health/accident insurance, maternity/paternity benefits, day care.
• Digital grievance system with QR codes; 8-hour acknowledgment and prompt resolution.
• CSR focus on education, skill development, and community livelihoods.

Environmental Performance

• Total energy 129,235 GJ; renewables 5,146.66 GJ; rooftop solar at four units.
• Scope 1: 582.8 tCO2e; Scope 2: 23,281.33 tCO2e; total 23,864.13 tCO2e.
• Emissions intensity: 9.0 tCO2e per INR Cr turnover.
• Water withdrawal 61,130.46 KL; consumption 60,243.85 KL; water intensity 22.7 KL/turnover.
• Waste total 1,968.66 MT; 1,275.88 MT recycled; 692.78 MT reused; no incineration/landfilling.
• ISO 9001, 14001, 45001 certified; zero-liquid-discharge target; ETP/STP at other plants.
• EPR compliance for plastic, battery waste; CPCB registered; 1.4 GWh renewable energy usage.
• External assurance: Scope 1/2 emissions verified by Sustainability Actions Pvt Ltd.

Stakeholder Engagement & Complaints

• Key stakeholder groups: shareholders/investors, employees, suppliers, customers, communities.
• Engagement channels: investor calls, meetings, intranet, supplier meetings, dealer meets, community interactions.
• Complaints FY2025-26: employees 196; workers 0; customers 13 filed, 39 pending.
• Communities: no complaints; RTA handles shareholder grievances; data privacy/cybersecurity policy in place.
• No data breaches reported; 0 product recalls; cyber policy available on intranet.

Other Notable Metrics

• Related-party transactions: purchases 0.14% of total purchases; sales 0.13% of total.
• Exports constitute 1.46% of turnover; two trade associations affiliations.
• Training coverage: Board 100%; KMP 100%; employees 98%; workers 97% under NGRBC principles.
• RHS: Human rights policy, Whistle Blower policy; POSH framework; no bribery cases in FY2025-26.
• RPTs and governance disclosures available on company governance page.