Meeting Details

  • Date: Wednesday, September 30, 2026
  • Time: 03:00 PM to 04:03 PM (IST)
  • Location: Conducted through video conferencing/other audio visual means
  • Type of Meeting: Annual General Meeting (AGM)
  • Record Date: September 23, 2026
  • Total Shareholders on Record Date: 49,453

Shareholder Participation

  • Promoters/Promoter Group Present through VC: 4 members
  • Public Shareholders Present through VC: 60 members
  • Physical Attendance: 0 members (both promoters and public)

Proposed Resolutions and Implications

Seven resolutions were considered and passed:

Resolution 1: Ordinary Resolution

Description: To receive, consider and adopt: i) the Audited Standalone Financial Statements for FY ended March 31, 2026 with reports of Board of Directors and Auditors, and ii) the Audited Consolidated Financial Statements for FY ended March 31, 2026 with Auditors' report.

Resolution 2: Ordinary Resolution

Description: To appoint Mr. Mangal Chand Teltia (DIN: 00002186), Director who retires by rotation under Section 152 of Companies Act, 2013, for re-appointment.

Promoter Interest: Yes

Resolution 3: Ordinary Resolution

Description: To consider and ratify remuneration payable to the Cost Auditors for Financial Year 2026-27.

Resolution 4: Special Resolution

Description: To approve enhancement of borrowing limits under Section 180(1)(c) of Companies Act, 2013.

Resolution 5: Special Resolution

Description: To approve creation of charges on company assets to secure borrowings under Section 180(1)(a) of Companies Act, 2013.

Resolution 6: Special Resolution

Description: To approve enhancement of limits for making investments, extending loans, providing guarantees and creating securities under Section 186 of Companies Act, 2013.

Resolution 7: Special Resolution

Description: To consider and approve variation in terms of objects as stated in the prospectus.

Voting Process and Methods

  • Remote E-Voting Period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • E-Voting During AGM: Conducted on September 30, 2026
  • E-Voting Agency: National Securities Depository Limited (NSDL)
  • Voting Methods: Remote e-voting prior to meeting and e-voting during the meeting
  • Advertisement Published: In Financial Express (English) and Jansatta (Hindi) on September 8, 2026 and September 9, 2026

Key Voting Outcomes

Overall Participation

  • Total Outstanding Shares: 86,672,654
  • Total Votes Polled: 70,409,119 (81.2357% participation)
  • Invalid Votes: None across all categories

Resolution-wise Results

Resolution 1: Financial Statements Adoption
  • Total Votes in Favor: 70,408,987 (99.9998%)
  • Total Votes Against: 132 (0.0002%)
  • Members Voted in Favor: 2,320
  • Members Voted Against: 44
Resolution 2: Director Re-appointment
  • Total Votes in Favor: 13,301,819 (99.9990%)
  • Total Votes Against: 132 (0.0010%)
  • Members Voted in Favor: 2,316
  • Members Voted Against: 44
Resolution 3: Cost Auditor Remuneration
  • Total Votes in Favor: 70,408,987 (99.9998%)
  • Total Votes Against: 132 (0.0002%)
  • Members Voted in Favor: 2,320
  • Members Voted Against: 44
Resolution 4: Borrowing Limits Enhancement
  • Total Votes in Favor: 70,408,945 (99.9998%)
  • Total Votes Against: 174 (0.0002%)
  • Members Voted in Favor: 2,319
  • Members Voted Against: 45
Resolution 5: Creation of Charges
  • Total Votes in Favor: 70,408,944 (99.9998%)
  • Total Votes Against: 174 (0.0002%)
  • Members Voted in Favor: 2,318
  • Members Voted Against: 45
Resolution 6: Investment Limits Enhancement
  • Total Votes in Favor: 70,408,944 (99.9998%)
  • Total Votes Against: 175 (0.0002%)
  • Members Voted in Favor: 2,318
  • Members Voted Against: 46
Resolution 7: Variation in Prospectus Objects
  • Total Votes in Favor: 70,408,987 (99.9998%)
  • Total Votes Against: 132 (0.0002%)
  • Members Voted in Favor: 2,320
  • Members Voted Against: 44

Category-wise Voting Breakdown

Promoter and Promoter Group

  • Shares Held: 57,022,385
  • Votes Polled: 57,022,385 (100% participation)
  • All resolutions: 100% in favor, 0% against

Public Institutions

  • Shares Held: 6,277,712
  • Votes Polled: 5,992,048 (95.4496% participation)
  • All resolutions: 100% in favor, 0% against

Public Non-Institutions

  • Shares Held: 23,372,557
  • Votes Polled: 7,394,686 (31.6383% participation)
  • Resolution 1: 99.9982% in favor, 0.0018% against
  • Resolution 2: 99.9982% in favor, 0.0018% against
  • Resolution 3: 99.9982% in favor, 0.0018% against
  • Resolution 4: 99.9976% in favor, 0.0024% against
  • Resolution 5: 99.9976% in favor, 0.0024% against
  • Resolution 6: 99.9976% in favor, 0.0024% against
  • Resolution 7: 99.9982% in favor, 0.0018% against

Scrutinizer's Role and Findings

  • Name: CS Sandhya R. Malhotra
  • Firm: M/s. Manish Ghia & Associates
  • Qualification: Company Secretary
  • Membership Number: 6715
  • Appointment Date: September 7, 2026
  • Report Date: October 1, 2026

Findings: The scrutinizer confirmed that all voting processes were conducted fairly and transparently. The remote e-voting module was disabled by NSDL on September 29, 2026 after 5:00 PM, and votes were unblocked after the AGM conclusion in the presence of independent witnesses CS Bhavya Gala and CS Krishnan Subramanian. No invalid votes were found in either remote e-voting or e-voting during the AGM.

Compliance Confirmation

The company confirmed compliance with:

  • Section 108 of Companies Act, 2013
  • Rule 20 of Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Various MCA Circulars including General Circular No. 14/2020, 17/2020, 20/2020, 02/2021, 19/2021, 21/2021, 02/2022, 10/2022, 09/2023, and 03/2025

Additional Information

  • NSE Symbol: SOLARWORLD
  • Company Address: 501, Padma Palace, 86, Nehru Place, South Delhi, New Delhi-110019
  • The voting results were uploaded on the company website and NSDL website