Company

Insolation Energy Limited

Scrip Symbol / Code

BSE: 543620, NSE: INA

Change in Director / Key Managerial Personnel

  • Nature of change: Appointment of Additional Director in the category of Non-Executive Independent Woman Director.
  • Name and DIN: Mrs. Usha Sharma (DIN: 00517955)
  • Effective date and tenure: Appointed with effect from 28th September, 2026, for a term of five consecutive years until 27th September, 2031, and shall not be liable to retire by rotation.
  • Brief profile: Holds a Bachelor of Science (Honours) degree in Chemistry from the University of Delhi, New Delhi. Joined the Indian Administrative Service (IAS) in 1985 and retired after a distinguished career spanning over 38 years. Undertook advanced courses in Public Administration and Financial Management from University of California, Berkeley, Financial Management from University of Cambridge, and Public Administration from Royal Academy of London. Held pivotal roles including Chief Secretary of Government of Rajasthan, Secretary of Department of Youth Affairs, Government of India, Director General of Archaeological Survey of India, and senior leadership roles in Tourism, Industries, Urban Development, and Handlooms. Recognized for administrative acumen, ethical leadership, and transformative initiatives such as paperless e-office governance, Chiranjeevi health insurance programme, Great India Travel Mart, Royal Rajasthan on Wheels, and India's e-Visa programme.
  • Eligibility: Confirmed not debarred from holding the office of Director by virtue of any Order passed by SEBI or any other authority, in accordance with stock exchange circulars.
  • Relationship: No relationship with any Director(s) and KMP(s) of the Company.
  • Previous KMP: Not disclosed in the disclosure.
  • Implications: As an Independent Director, potential governance implications include enhanced board diversity and oversight, but no specific financial or operational implications are mentioned.

Key Financial or Operational Approvals

Not applicable to this disclosure.

Strategic or Business Context

Not applicable to this disclosure.

Any Other Material Information

  • The appointment is subject to approval of shareholders and based on the recommendation of the Nomination and Remuneration Committee.
  • Disclosure includes annexure with detailed information as required under SEBI LODR Regulations and Master Circular.