Meeting Details

  • Date of Meeting: August 31, 2026
  • Meeting Type: 17th Annual General Meeting (AGM)
  • Meeting Format: Conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Meeting Time: 11:00 a.m. IST to 12:15 p.m. IST
  • Record Date: August 24, 2026
  • Total Shareholders on Record Date: 74,342

Attendance Details

  • Promoters/Promoter Group attending via VC: 1 shareholder
  • Public shareholders attending via VC: 48 shareholders
  • No shareholders present in person or through proxy

Voting Process and Methods

  • Remote e-Voting Period: August 27, 2026 (10:00 a.m.) to August 30, 2026 (5:00 p.m.)
  • Voting Service Provider: MUFG Intime India Private Limited (Registrar and Transfer Agent)
  • E-voting during AGM: Conducted electronically during the meeting
  • Scrutinizer: Puneet Motwani (Membership No. A38530), Proprietor of M/s. Puneet Motwani & Associates, appointed by the Board on July 23, 2026
  • Witness: Mr. Vikash Gupta (not employed by Company or MUFG)
  • Compliance: Process conducted in accordance with Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014

Resolution Details and Voting Outcomes

Resolution Item No. 1 - Ordinary Resolution

To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2026 and the reports of the Board of Directors and Auditors

  • Total Votes Polled: 31,219,321 (75.0398% of outstanding shares)
  • Votes in Favor: 31,208,094 (99.9640% of votes polled)
  • Votes Against: 11,227 (0.0360% of votes polled)

Category-wise Breakdown:

  • Promoter and Promoter Group: 31,173,505 votes (100.0000% in favor)
  • Public Institutions: 10,986 votes (100.0000% in favor)
  • Public Non-Institutions: 34,830 votes (67.7663% in favor, 32.2337% against)

Resolution Item No. 2 - Ordinary Resolution

To appoint Mr. Hitesh Pranjivan Mehta (DIN: 00207506) as a Director who retires by rotation

  • Total Votes Polled: 31,219,321 (75.0398% of outstanding shares)
  • Votes in Favor: 31,206,787 (99.9599% of votes polled)
  • Votes Against: 12,534 (0.0401% of votes polled)

Category-wise Breakdown:

  • Promoter and Promoter Group: 31,173,505 votes (100.0000% in favor)
  • Public Institutions: 10,986 votes (100.0000% in favor)
  • Public Non-Institutions: 34,830 votes (64.0138% in favor, 35.9862% against)

Resolution Item No. 3 - Special Resolution

To approve appointment of Mr. Nilesh Bhogilal Gandhi (DIN: 03570656) as an Independent Director for second term of 5 consecutive years

  • Total Votes Polled: 31,219,321 (75.0398% of outstanding shares)
  • Votes in Favor: 31,206,496 (99.9589% of votes polled)
  • Votes Against: 12,825 (0.0411% of votes polled)

Category-wise Breakdown:

  • Promoter and Promoter Group: 31,173,505 votes (100.0000% in favor)
  • Public Institutions: 10,986 votes (97.4877% in favor, 2.5123% against)
  • Public Non-Institutions: 34,830 votes (63.9707% in favor, 36.0293% against)

Resolution Item No. 4 - Ordinary Resolution

To ratify the remuneration payable to M/s N. Ritesh & Associates, Cost Auditors, for the Financial Year 2026-27

  • Total Votes Polled: 31,219,321 (75.0398% of outstanding shares)
  • Votes in Favor: 31,206,987 (99.9605% of votes polled)
  • Votes Against: 12,334 (0.0395% of votes polled)

Category-wise Breakdown:

  • Promoter and Promoter Group: 31,173,505 votes (100.0000% in favor)
  • Public Institutions: 10,986 votes (100.0000% in favor)
  • Public Non-Institutions: 34,830 votes (64.5880% in favor, 35.4120% against)

Resolution Item No. 5 - Ordinary Resolution

To Approve Material Related Party Transactions for the financial Year 2026-27

  • Total Votes Polled: 45,816 (0.1101% of outstanding shares)
  • Votes in Favor: 31,792 (69.3906% of votes polled)
  • Votes Against: 14,024 (30.6094% of votes polled)

Category-wise Breakdown:

  • Promoter and Promoter Group: 0 votes (abstained as interested party)
  • Public Institutions: 10,986 votes (100.0000% in favor)
  • Public Non-Institutions: 34,830 votes (59.7359% in favor, 40.2641% against)

Scrutinizer's Findings and Conclusions

  • All five resolutions were passed with requisite majority
  • No invalid votes or abstained votes were recorded
  • Foreign Portfolio Investors who did not submit additional disclosures as per SEBI Circular No. SEBI/HO/AFD/AFD-PoD-2/CIR/P/2023/148 dated August 24, 2023 had their voting rights restricted
  • The register was maintained electronically as required under Rules 20(4)(xiv) and 22(10) of Companies (Management and Administration) Rules, 2014
  • The company has no shares with differential voting rights

Compliance and Regulatory References

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies (Management and Administration) Rules, 2014
  • MCA General Circular No. 03/2025 dated September 22, 2025
  • SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024
  • SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
  • Secretarial Standard on General Meetings issued by ICSI

Additional Information

  • Company Symbol: WAAREEINDO
  • Factory: 3C/1eco Tech -11, Udyog Vihar, Greater Noida – 201306, Uttar Pradesh, India
  • The voting results and scrutinizer report were uploaded on the company website at www.indosolar.co.in