Meeting Details
The 17th Annual General Meeting was held on Monday, August 31, 2026, commencing at 11:03 a.m. IST and concluding at 12:15 p.m. IST. The meeting was conducted entirely through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) with the deemed venue being the company's registered office at Unit No. 301, 3rd Floor, Building 02, Southern Park, Saket, New Delhi – 110017.
Attendees
The meeting was attended by 49 members. The following Directors and Key Managerial Personnel attended through VC:
- Mr. Hitesh Chimanlal Doshi (Chairman and Managing Director) from Mumbai
- Mr. Viren Chimanlal Doshi (Director) from Mumbai
- Mr. Hitesh Pranjivan Mehta (Director) from Mumbai
- Mr. Jignesh Devchandbhai Rathod (Director and CEO) from China
- Ms. Anita Jaiswal (Independent Director) from Mumbai
- Mr. Jayesh Dhirajlal Shah (Independent Director) from Mumbai
- Mr. Mahesh Ramdas Chhabria (Independent Director) from Mumbai
- Mr. Nilesh Bhogilal Gandhi (Independent Director) from Switzerland
- Mr. Abhishek Pareek (CFO) from Mumbai
- Ms. Akalpita Harnish Patel (Company Secretary and Compliance Officer) from Mumbai
Invitees present included:
- Mr. Nitesh Musahib (Partner, S.G.C.O Co. LLP, Statutory Auditor) from Mumbai
- Mr. Aditya Shrinivasan (Partner, Mahajan & Aibara Chartered Accountant LLP, Internal Auditor) from Mumbai
- Ms. Priti Jajodia (Proprietor, Jajodia and Associates, Secretarial Auditor) from Mumbai
- Mr. Puneet Motwani (Proprietor, Puneet Motwani & Associates, Scrutinizer) from Mumbai
Resolutions Considered
The following five resolutions were considered at the meeting:
1. Ordinary Resolution: To consider and adopt the audited financial statements for FY ended March 31, 2026, and reports of board of directors and auditors
2. Ordinary Resolution: To appoint Mr. Hitesh Pranjivan Mehta (DIN: 00207506) who retires by rotation
3. Special Resolution: To approve appointment of Mr. Nilesh Bhogilal Gandhi (DIN: 03570656) as independent director for a second term of 5 years
4. Ordinary Resolution: To ratify remuneration payable to M/s N. Ritesh & Associates, Cost Auditors, for FY 2026-27
5. Ordinary Resolution: To approve material related party transactions for FY 2026-27
Voting Process and Procedures
The company provided remote e-voting facility to members to cast votes electronically on all resolutions. Additionally, members who participated in the meeting and had not cast votes through remote e-voting were provided facility to vote through electronic voting system during the meeting. The e-voting facility remained open for 15 minutes after the conclusion of the AGM proceedings.
Mr. Puneet Motwani, Practicing Company Secretary and Proprietor of M/s Puneet Motwani & Associates, was appointed as Scrutinizer to supervise both the remote e-voting and e-voting process during the meeting.
Compliance and Disclosure
The company confirmed compliance with the Companies Act, 2013 and SEBI Listing Regulations. The Annual Report for FY 2025-2026 comprising Board's Report, Auditors' Report and Management Discussion and Analysis Report was taken as read. The consolidated voting results were to be disseminated to stock exchanges and made available on the company's website (www.indosolar.co.in) and MUFG website (https://instavote.linkintime.co.in) within 2 working days from conclusion of the meeting.
Other Proceedings
The Chairman briefed members on company performance for FY 2025-2026 and acknowledged contributions from the Board, employees, and the advantage of being part of the Waaree Group. The CFO briefed members on financial performance for FY 2025-2026. Members registered as speaker shareholders were given opportunity to raise queries, which were addressed by the CFO.