Meeting Details

The consent of members was sought through a Postal Ballot, as decided by the Board of Directors in their meeting held on Monday, 25th May, 2026. The process was deemed a general meeting conducted via postal ballot. The results were declared on Friday, 3rd July, 2026, at C-02, New Aatish Market Extension, Mansarovar, Jaipur, Rajasthan. The resolutions were deemed passed on the same date, which was the last date for receipt of remote e-votes.

Summary of Proposed Resolutions

Two special resolutions were proposed:

1. Item No. 01: To approve the continuation of the directorship of Mr. Anil Kumar Gupta (DIN: 03573328) as a Non-Executive Independent Director. This was required as he was to attain the age of 75 years on 10th July, 2026, and his continuation needed shareholder approval under Regulation 17(1A) of the SEBI LODR.

2. Item No. 02: To approve amendments to the Insolation Energy Employee Stock Option Plan 2024 (ESOP 2024). The specific amendments are detailed in the explanatory statement annexed to the notice.

Voting Process and Methods

The voting was conducted entirely through a remote e-voting process managed by National Securities Depository Limited (NSDL). The Postal Ballot Notice and instructions were dispatched via email on Wednesday, 3rd June 2026, to members whose email addresses were registered as of the cut-off date, Friday, 29th May 2026. An advertisement informing of the dispatch was published in the 'Financial Express' (English) and 'Business Remedies' (Hindi) newspapers on Thursday, 4th June 2026. The remote e-voting period was from Thursday, 4th June 2026 (9:00 AM IST) to Friday, 3rd July 2026 (5:00 PM IST).

Key Voting Outcomes

Item No. 01: Continuation of Directorship

  • Total Valid Votes Cast: 147,090,961 shares
  • Votes in Favor: 147,019,422 shares (99.9514%)
  • Votes Against: 71,539 shares (0.0486%)
  • Invalid Votes: Not applicable (-

The resolution was passed as a special resolution.

Item No. 02: Amendment to ESOP 2024

  • Total Valid Votes Cast: 147,090,961 shares
  • Votes in Favor: 147,018,836 shares (99.9510%)
  • Votes Against: 72,125 shares (0.0490%)
  • Invalid Votes: Not applicable (-

The resolution was passed as a special resolution.

A detailed breakdown of votes by shareholder category (e.g., Promoters, Public, Institutions) was not provided in the source data.

Scrutinizer's Role and Findings

Mr. Akshit Kumar Jangid, a Practicing Company Secretary (FCS 11285, CP No. 16300) and partner of M/s. Pinchaa & Co., was appointed as the Scrutinizer to conduct the postal ballot in a fair and transparent manner. He submitted his report on 3rd July 2026, which formed the basis for declaring the results. The Scrutinizer concluded that both special resolutions were passed by the members with the requisite majority.

Compliance Confirmation

The entire process was conducted in compliance with:

  • Section 108 and 110 of the Companies Act, 2013.
  • Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014.
  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The Secretarial Standard on General Meetings (SS-2).
  • Various MCA General Circulars regarding e-voting (Nos. 14/2020, 17/2020, 22/2020, 33/2020, 39/2020, 10/2021, 20/2021, 3/2022, 11/2022, 09/2023, 09/2024, and 03/2025).