Date and Type of Meeting
The resolutions were passed through a postal ballot process. There was no physical meeting. The remote e-voting period commenced on Thursday, 04th June, 2026, at 09:00 A.M. (IST) and ended on Friday, 03rd July, 2026, at 05:00 P.M. (IST). The resolutions are deemed to have been passed on 3rd July, 2026.
Summary of Proposed Resolutions
Two special resolutions were proposed for shareholder approval via postal ballot:
1. Continuation of Directorship: To approve the continuation of Mr. Anil Kumar Gupta (DIN: 03573328) as a Non-Executive Independent Director of the Company.
2. ESOP Amendment: To approve the amendment to the Insolation Energy Employee Stock Option Plan 2024 ("ESOP 2024"/ "Plan").
The promoter/promoter group was not interested in the resolutions.
Voting Process and Methods
The voting was conducted entirely through a remote e-voting process. The company availed the services of National Securities Depository Limited (NSDL) to provide the e-voting facility. Notice was sent only in electronic form; no physical copies were dispatched. The cut-off date for determining shareholder eligibility was Friday, 29th May, 2026, on which there were 24,129 shareholders on record.
Key Voting Outcomes
Resolution 1: Continuation of Mr. Anil Kumar Gupta
- Total Votes Cast: 147,090,961
- Percentage of Votes Polled on Outstanding Shares: 66.7398%
- Votes in Favour: 147,019,422 (99.9514% of votes polled)
- Votes Against: 71,539 (0.0486% of votes polled)
Category-wise Breakdown for Resolution 1:
- Promoter & Promoter Group: 145,691,400 votes cast (99.9797% of their holding), all 145,691,400 (100%) in favor.
- Public Institutions: 973,021 votes cast (21.6899% of their holding), all 973,021 (100%) in favor.
- Public Non-Institutions: 426,540 votes cast (0.6077% of their holding), 355,001 (83.2281%) in favor and 71,539 (16.7719%) against.
Resolution 2: Amendment to ESOP 2024
- Total Votes Cast: 147,090,961
- Percentage of Votes Polled on Outstanding Shares: 66.7398%
- Votes in Favour: 147,018,836 (99.9510% of votes polled)
- Votes Against: 72,125 (0.0490% of votes polled)
Category-wise Breakdown for Resolution 2:
- Promoter & Promoter Group: 145,691,400 votes cast (99.9797% of their holding), all 145,691,400 (100%) in favor.
- Public Institutions: 973,021 votes cast (21.6899% of their holding), all 973,021 (100%) in favor.
- Public Non-Institutions: 426,540 votes cast (0.6077% of their holding), 354,415 (83.0907%) in favor and 72,125 (16.9093%) against.
Scrutinizer's Role and Findings
M/s. Pinchaa & Co., Company Secretaries, with Akshit Kumar Jangid (FCS 11285) as the partner, was appointed as the Scrutinizer. The scrutinizer's responsibility was to scrutinize the e-voting process in a fair and transparent manner using reports generated from the NSDL system. After the e-voting concluded, the votes were downloaded from the NSDL website in the presence of two witnesses, Ms. Krati Upadhyay and Ms. Ishita Sharma. The scrutinizer certified the results as detailed above and handed over all related records to the Company Secretary for safe custody.
Compliance Confirmation
The disclosure confirms compliance with Section 108 and Section 110 of the Companies Act, 2013, Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, SEBI LODR Regulations, and relevant MCA and SEBI circulars. The notice was dispatched electronically to all members as of the cut-off date.