Olectra Greentech Ltd

Appointment of SMP

• Mr. Surender Nath appointed Chief Operating Officer, Energy Division, SMP, effective Oct 15, 2026.
• Profile: 29 years in electric mobility, power transmission, insulators, telecom.
• Previous roles include ETO Motors, Andhra Polymers Group, Aditya Birla Insulators.
• Education: B.E. Mechanical Engineering; MBA Marketing.
• Relationships with other directors: Not Applicable.

Olectra Greentech Ltd – Trading Window Closure (routine)

AGM details

• Date and time: 26 September 2026, 12:00 IST.
• Mode: VC/OAVM.
• Voting entitlement cut-off: 19 September 2026.

Resolutions put to vote

• Resolution 1 (Ordinary): Adoption of annual financial statements.
• Resolution 2 (Ordinary): Dividend declaration.
• Resolution 3 (Ordinary): Appointment of Puritipati Venkata Krishna Reddy, retiring by rotation.
• Resolution 4 (Ordinary): Ratification of remuneration payable to EVS & Associates, Cost Auditors.
• Resolution 5 (Ordinary): Approving contracts with Evey Trans NSK and KAR.
• Resolution 6 (Ordinary): Approving guarantees and/or unsecured loans from MEIL and MEIL Holdings.
• Resolution 7 (Ordinary): Approving advance facility and corporate undertaking for Evey Trans entities.

Voting results

• Resolution 1: Passed with 100% in favour.
• Resolution 2: Passed with 99.96% in favour.
• Resolution 3: Passed with 95.51% in favour.
• Resolution 4: Passed with 100% in favour.
• Resolution 5: Passed with 99.99% in favour.
• Resolution 6: Passed with 99.82% in favour.
• Resolution 7: Passed with 99.37% in favour.

Dividend

• Dividend declaration approved.

Director changes

• Appointment of Puritipati Venkata Krishna Reddy as director.

Auditor appointments

• Remuneration for EVS & Associates, Cost Auditors ratified.

Material related party transactions

• Approval for entering into contracts with Evey Trans (NSK) Pvt Ltd and Evey Trans (KAR) Pvt Ltd.

AGM mode and date

• AGM held on 26 September 2026 via VC/OAVM; live streamed on CDSL platform.

Book Closure & Record Date

• Intimation of book closure for AGM and final dividend for the financial year ended 31 March 2026.
• Book closure from 20.09.2026 to 26.09.2026; record date 19.09.2026.
• Final dividend of 15% (Rs 0.60 per equity share of Rs 4) if approved.
• Dividend subject to shareholders' approval at the ensuing AGM.

Purpose & scope

• Subject: FY2025-26 BRSR.
• Submitted under Regulation 34; standalone disclosures.

Key ESG metrics

• EVs 85.69%, Insulators 14.31% of turnover.
• GHG: Scope1 185.36, Scope2 5805.7 tCO2e; total 5991.06.
• Water: groundwater withdrawals 104,251 KL; total water 104,251 KL.

Governance & compliance

• Penalty ₹2,57,484 by TGIIC for EV facility delay.
• Board: 7 directors, 2 women (29%).
• OHSMS ISO 45001 certified; covers employees and contractors.

Sustainability initiatives

• 1 MW solar power installation to increase renewable energy use.

Financial performance

• Revenue from operations: ₹2,312.17 crore; up 28% YoY.
• Adjusted EBITDA: ₹352.28 crore.
• PAT: ₹179.53 crore; highest-ever profitability.

Operational highlights

• 1,280 EVs delivered FY26; up 32%.
• Vehicles on road: 3,800+; Order book: 10,000+ buses.
• Production capacity: 2,500 units/shift; scalable to 5,000.

Capital deployment & dividends

• Final dividend: 15% (₹0.60 per share) for FY25-26.
• Record date: 19 Sep 2026; payout by 25 Oct 2026.
• Borrowings: ₹347.7 crore; Equity: ₹1225.7 crore; Capital: ₹1573.4 crore.

Governance & leadership

• MD appointment: Mahesh Babu Subramanian from 27 Sep 2025.
• Chairman: P.V. Krishna Reddy; Independent Directors on board.
• Board committees include Audit, NRC, Stakeholders, and Risk Management.

Related party transactions

• RPT with EVEY Trans NSK and KAR SPVs: ₹1,854 cr and ₹1,080 cr.
• RPT with MEIL/MHL: ₹800 cr and ₹600 cr.
• Audit Committee reviewed RPTs; arm's length; materiality threshold ₹231.21 cr.

ESG & CSR

• CSR spend ₹250.70 Lakhs; 2% of average net profit.
• GHG: Scope 1 185 tCO2e; Scope 2 5,806 tCO2e; total 5,991 tCO2e.
• Groundwater usage 104,251 kilolitres; water intensity 0.00000458.

Outlook & risks

• India's EV market supported by STUs; PM e-Drive framework.
• Risks: capital intensity; supply chain; STU payment cycles.
• Plan to expand into electric trucks and expand exports.

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Meeting Details

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