EX-99.1 2 elva_ex991.htm PRESS RELEASE elva_ex991.htm

EXHIBIT 99.1

 

News for Immediate Release    

 

Electrovaya Announces Results of Annual Meeting of Shareholders

 

Toronto, Ontario – March 31, 2025 – Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ:ELVA) (TSX:ELVA), a lithium-ion battery technology and manufacturing company, is pleased to announce that all of the resolutions that shareholders were asked to consider at its 2024 Annual General Meeting held on March 28th, 2025 in Toronto, Ontario, were approved. The six directors named in the management information circular of the Company, being Dr. Sankar Das Gupta, Dr. Raj Das Gupta, Dr. James Jacobs, Dr. Carolyn Hansson, Mr. Kartick Kumar, and Mr. Steven Berkenfeld were each elected as directors by over 97% of the votes cast for and less than 3% of the votes withheld at the Meeting for each director individually. Detailed results of the vote are set out below:

 

Nominee

 

Votes For

 

 

Votes Withheld

 

 

Percentage of Votes For

 

 

Percentage of Votes Withheld

 

Dr. Sankar Das Gupta

 

 

 20,117,233

 

 

 

 133,617

 

 

 

 99.34 %

 

 

 0.66 %

Dr. Carolyn Hansson

 

 

 20,010,598

 

 

 

 240,252

 

 

 

 98.81 %

 

 

 1.19 %

Dr. James K. Jacobs

 

 

 20,185,600

 

 

 

 65,250

 

 

 

 99.68 %

 

 

 0.32 %

Mr. Kartick Kumar

 

 

 19,767,049

 

 

 

 483,801

 

 

 

 97.61 %

 

 

 2.39 %

Mr. Steven Berkenfeld

 

 

 20,012,770

 

 

 

 238,080

 

 

 

 98.82 %

 

 

 1.18 %

Dr. Raj DasGupta

 

 

 20,185,775

 

 

 

 65,075

 

 

 

 99.68 %

 

 

 0.32 %

 

MNP LLP, were re-appointed as the auditors of the Company.

 

Additional details are included in the report of voting results filed under the Company’s profile on SEDAR at www.sedar.com.

 

About Electrovaya Inc.

 

Electrovaya Inc. (NASDAQ:ELVA) (TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries and battery systems for energy storage and heavy duty electric vehicles based on its Infinity Battery Technology Platform. This technology offers enhanced safety and industry leading battery longevity. The Company is also developing next generation solid state battery technology at its Labs division. Headquartered in Ontario, Canada, Electrovaya has two operating sites in Canada and has acquired a 52-acre site with a 135,000 square foot manufacturing facility in New York state for its planned gigafactory. To learn more about Electrovaya, please explore www.electrovaya.com.