Meeting Details

  • Date: Monday, 28th September, 2026
  • Time: 11:00 A.M. IST
  • Location: Conducted through Video Conferencing/Other Audio Visual Means
  • Deemed Venue: Registered Office at Plot No. 212/3 & 4, Phase II, IDA Cherlapally, Hyderabad - 500 051, Telangana, India
  • Type of Meeting: 20th Annual General Meeting

Proposed Resolutions and Implications

Six resolutions were proposed and approved:

1. Item No. 1: Ordinary Resolution to receive, consider and adopt the Audited Financial Statements for FY 2025-2026 with Board and Auditor reports

2. Item No. 2: Ordinary Resolution to re-appoint Shri. Manish Surana (DIN: 00014373) as director retiring by rotation

3. Item No. 3: Special Resolution to appoint Shri. Buvankar Shekarnath as Whole-time Director

4. Item No. 4: Ordinary Resolution for approval of Material Related Party Transactions (Promoters interested: Yes)

5. Item No. 5: Ordinary Resolution to ratify and approve remuneration of Cost Auditors for FY 2026-27

6. Item No. 6: Special Resolution to approve change in object clause of Memorandum of Association

Voting Process and Methods

  • Remote e-voting period: Thursday, September 24, 2026 (9:00 AM) to Sunday, September 27, 2026 (5:00 PM)
  • E-voting at AGM: Available for members who attended and hadn't voted remotely
  • Cut-off date: Monday, September 21, 2026
  • Scrutinizer: Mrs. Rakhi Agarwal, Practising Company Secretary (FCS-7047, CP No.-6270)
  • Voting agency: Kfin Technologies Limited (KFinTech)
  • Notice dissemination: Electronic mode to shareholders, published on company website (www.suranasolar.com), stock exchange websites (BSE, NSE), and KFinTech's e-voting portal
  • Newspaper advertisements: Business Standard (English) and Telugu Prabha (Telugu) on September 5, 2026

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 108,253
  • Total shares outstanding: 49,206,600 (sum of promoter 22,801,337 + public institutions 18,150 + public non-institutions 26,387,113)
  • Total votes polled: 21,722,236 shares (95.2674% of outstanding shares)
  • Shareholders attending meeting: 52 (2 promoters + 50 public)

Resolution-wise Results

1. Adoption of Financial Statements: 21,943,501 votes in favor (99.9991%), 196 against (0.0009%)

2. Re-appointment of Director: 21,935,899 votes in favor (99.9645%), 7,798 against (0.0355%)

3. Appointment of Whole-time Director: 21,935,897 votes in favor (99.9645%), 7,800 against (0.0355%)

4. Related Party Transactions: 213,553 votes in favor (96.4292%), 7,908 against (3.5708%)

5. Cost Auditor Remuneration: 21,943,399 votes in favor (99.9986%), 298 against (0.0014%)

6. Change in MOA Object Clause: 21,935,932 votes in favor (99.9646%), 7,765 against (0.0354%)

Category-wise Voting Breakdown

Promoter and Promoter Group (22,801,337 shares):

  • Voted exclusively through e-voting: 21,722,236 shares (95.2674% participation)
  • 100% voted in favor on all resolutions except related party transactions

Public Institutions (18,150 shares):

  • Minimal participation with 0 votes cast across all resolutions

Public Non-Institutions (26,387,113 shares):

  • E-voting participation: 221,350 shares (0.8393% of category)
  • Voting patterns varied by resolution, with highest opposition on related party transactions (3.57% against)
  • 3,129 votes abstained

Scrutinizer's Role and Findings

Mrs. Rakhi Agarwal was appointed scrutinizer by Board resolution dated August 29, 2026. Her responsibilities included:

  • Scrutinizing the remote e-voting and e-voting (Insta-Poll) process
  • Verifying votes cast "in favour" or "against" based on reports from KFinTech
  • Maintaining registers and records as required under Rule 20 of Companies (Management and Administration) Rules, 2014
  • The scrutinizer confirmed the voting process was conducted in a "fair and transparent manner"
  • Votes were unblocked and downloaded from KFinTech's system in presence of two independent witnesses

Compliance Confirmation

The disclosure confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and relevant rules
  • MCA Circulars: 10/2022, 2/2022, 21/2021, 2/2021, 20/2020, 17/2020, 14/2020
  • SEBI Circulars: SEBI/HO/CFD/CMD1/CIR/P/2020/79, SEBI/HO/CFD/CMD2/CIR/P/2021/11, SEBI/HO/CFD/CMD2/CIRP/P/2022/62, SEBI/HO/CFD/PoD-2/P/CIR/2023/4

Additional Information

  • Document reference: SSL/SECT/31/2026-27
  • Date of disclosure: 30th September, 2026
  • Voting results uploaded on company website: www.suranasolar.com