Promax Power Limited has announced key decisions made during its Board Meeting on September 7, 2026. The company approved the appointment of M/s. Prachi Lad & Associates as Secretarial Auditors for five years and reappointed Mr. Vishal Bharadwaj as Managing Director for a similar term. The Board also approved the Notice of the 9th Annual General Meeting (AGM) and the company’s annual report for FY2025-26.
Board Meeting Decisions for Promax Power Limited
Promax Power Limited has convened its Board Meeting on September 7, 2026, resulting in several significant approvals and decisions. The Board has resolved to convene the 9th Annual General Meeting (AGM) of the Company on Wednesday, September 30, 2026, at 11:00 a.m. The meeting will be held at the First Floor, SCO 69, Sector 38C, Chandigarh. In line with the Companies Act, 2013, shareholders will have the facility for remote e-voting from September 27, 2026, 9:00 a.m., to September 29, 2026, 5:00 p.m. The cut-off date for determining entitlement for remote e-voting is September 23, 2026.
Key Appointments and Reappointments
The Board, upon recommendation from the Audit Committee, has approved the appointment of M/s. Prachi Lad & Associates as the Secretarial Auditors for a term of five consecutive years, commencing from the financial year 2025-26 to 2029-30. This appointment is subject to shareholder approval at the ensuing AGM. Furthermore, Mr. Vishal Bharadwaj (DIN: 03133388) has been reappointed as the Managing Director for a period of five years, also pending member approval.
Additionally, Mr. Sanjay Kumar (DIN: 09293392) has been re-appointed as a Non-Executive & Independent Director for a term of five consecutive years, subject to member/shareholder approval at the 9th AGM.
Approval of Annual Reports and Board’s Report
The Board also considered and approved the Board’s Report along with all annexures for the Financial Year 2025-2026. The Notice of the 09th AGM and the 09th Annual Report of the company have also received the Board’s approval.
Brief Profile of Secretarial Auditors
M/s. Prachi Lad & Associates, practicing company secretaries, have been appointed. Ms. Prachi J. Lad, the proprietor, holds a B. Com and ACS qualification and possesses experience in Corporate Laws & Finance.
Brief Profile of Key Personnel
Mr. Vishal Bhardwaj, Managing Director (DIN: 03133388), holds a Diploma in Electronics & Communication Engineering and has extensive experience in project management for EPC of substations, transmission lines, and solar & wind power projects. His reappointment as MD is effective from May 30, 2026, for five years. He holds 81,54,960 equity shares, representing 32.62% of the company’s shareholding. He is married to Ms. Shweta Bhardwaj, a Director of the Company.
Mr. Sanjay Kumar (DIN: 09293392), Non-Executive Independent Director, holds an MBA from Punjab University. He possesses over 23 years of professional experience in international business, sales management, and trade development. His re-appointment is effective from September 05, 2026, upon completion of his current term.
Source: BSE
