IRM Energy Ltd

Dematerialisation processing status

• Dematerialisation requests during the quarter were confirmed to the depositories.
• Securities included in such certificates have been listed on the exchanges where earlier issues are listed.
• Dematerialisation certificates were mutilated and cancelled after due verification; depository name substituted as registered owner.

AGM Details

• AGM held on Sep 29, 2026 at 5:00 PM IST via VC/OAVM.
• Cut-off date for members: Sep 22, 2026; remote e-voting Sep 26–28, 2026.
• Meeting concluded at 5:36 PM IST.

Key Resolutions

• Adopt audited standalone and consolidated financial statements and reports.
• Declare final dividend on equity shares for FY2026.
• Reappoint Dr. Rajiv I. Modi as Director.
• Appoint M/s. Sorab S. Engineer & Co as Statutory Auditors.
• Ratify remuneration of Cost Auditors for FY2027.

Voting Results

• Adoption of financial statements – outcome not disclosed yet.
• Final dividend – outcome not disclosed yet.
• Director reappointment – outcome not disclosed yet.
• Statutory auditors appointment – outcome not disclosed yet.
• Cost auditor remuneration ratification – outcome not disclosed yet.

Dividend

• Final dividend on equity shares for FY2026.

Director Changes

• Dr. Rajiv I. Modi to be reappointed as Director.

Auditor Appointments

• M/s. Sorab S. Engineer & Co appointed as Statutory Auditors.

IRM Energy Limited — Trading Window closed from Oct 01, 2026 until 48 hours after the declaration of unaudited standalone and consolidated financial results for the quarter and half year ended Sep 30, 2026

Meeting Details

• Date and time: Monday, September 28, 2026, 11:00 a.m.–12:00 p.m. IST
• Type: Group, Virtual
• Event/organizer: Bharat Connect Conference: Rising Stars by Arihant Capital

Participants

• Company: Company Secretary & Compliance Officer

Purpose

• Investor/Analyst interaction during Bharat Connect Conference.

Purpose of Meeting

• Approval of Scheme of Amalgamation of Enertech Distribution Management Private Limited with IRM Energy Limited.

Key Resolutions

• Approve the Amalgamation Scheme and authorize the Board to implement and modify it as needed.

Voting Outcome

• Equity shareholders approved by majority; total votes in favor 31,706,618, against 295.
• Unsecured creditors approved unanimously; 36 votes in favor (117.65 Cr), 0 against.

Shareholder/Creditor Impact

• Post-merger capital structure and listing status to be as per scheme; exchange ratio not disclosed.

Next Steps

• Await NCLT Tribunal sanction and other regulatory approvals.
• Timeline for effectiveness not disclosed in filing.

Rating Action

• Long-term rating reaffirmed at Crisil AA-/Stable, outlook revised from Negative to Stable.
• Short-term rating reaffirmed at Crisil A1+.

Instruments / Facilities Rated

• Total bank loan facilities rated: Rs 700 crore.

Rating Agency

• Rating agency: Crisil Ratings Limited.

Rationale

• Outlook Stable reflects sustained operating improvement in FY2026 and Q1 FY2027.
• Net cash around Rs 205 crore as of 30 Jun 2026.
• Debt to EBITDA expected below 0.5–1x over the medium term.
• EBITDA per SCM rose to Rs 5.0 in FY2026 and Rs 10.5 in Q1 FY2027.
• Monopoly in awarded GAs provides revenue visibility; MWPs and gas pricing risks remain.
• Capex funded largely from internal accrual; external debt expected to stay minimal.
• Risks include project execution, gas availability and price volatility.

Outlook

• Stable.

Material Changes Since Last Rating

• Outlook revised from Negative to Stable; rating reaffirmed.

Key Financial Highlights

• FY2026 operating income Rs 1,160 crore; PAT Rs 53 crore; PAT margin 5.0%.
• Interest coverage 7.6x in 2026; 2025 PAT Rs 45 crore.
• Net cash around Rs 205 crore as of 30 Jun 2026.