Key Quantitative Figures

The postal ballot process received a total of 16,10,14,843 valid votes.

  • Votes in favour of the resolution: 14,62,93,776 (90.857% of valid votes)
  • Votes against the resolution: 1,47,21,067 (9.143% of valid votes)

The total number of shareholders on the record date (12th June 2026) was 163,401.

The total number of outstanding shares was 43,41,63,470.

The total votes polled represented 37.0862% of the outstanding share capital.

Detailed Voting Breakdown by Shareholder Category:

Promoter & Promoter Group:

  • Shares held: 12,90,37,310
  • Votes polled: 12,90,37,310 (100% of shares held)
  • Votes in favour: 12,90,37,310 (100% of votes polled)
  • Votes against: 0 (0% of votes polled)

Public - Institutional Holders:

  • Shares held: 1,73,93,012
  • Votes polled: 1,53,79,677 (88.4245% of shares held)
  • Votes in favour: 6,78,488 (4.4116% of votes polled)
  • Votes against: 1,47,01,189 (95.5884% of votes polled)

Public - Non-Institutional Holders:

  • Shares held: 28,77,33,148
  • Votes polled: 1,65,97,856 (5.7685% of shares held)
  • Votes in favour: 1,65,77,978 (99.8802% of votes polled)
  • Votes against: 19,878 (0.1198% of votes polled)

Dates of Action

  • Record Date (Cut-Off Date): Friday, 12th June 2026
  • Board Meeting approving the proposal: 22nd June 2026 (as per Scrutinizer's Report) and 27th April 2026 (as per resolution text)
  • Dispatch of Postal Ballot Notice by email: Wednesday, 24th June 2026
  • Publication of advertisement in newspapers: Thursday, 25th June 2026
  • E-voting commencement: Thursday, 25th June 2026 (9:00 AM IST)
  • E-voting closure: Friday, 24th July 2026 (5:00 PM IST)
  • Scrutinizer's Report submitted: Saturday, 25th July 2026
  • Results announced and filing date: Monday, 27th July 2026
  • Reappointment effective from: Tuesday, 1st April 2026

Parties Involved

  • Subject of Resolution: Mr. Sohan Lal Agarwal (DIN: 00189898)
  • Scrutinizer: Mr. Abhijit Majumdar, Practicing Company Secretary (Membership No. A9804, Certificate of Practice No. 18995)
  • Voting Service Provider: National Securities Depository Limited (NSDL)
  • Regulatory Authorities: National Stock Exchange of India Limited, BSE Limited

Purpose and Rationale

The purpose was to seek shareholder approval through a special resolution for the re-appointment of Mr. Sohan Lal Agarwal as Managing Director of the company for a term of three years, effective from 1st April 2026. The reappointment was based on the recommendation of the Nomination and Remuneration Committee and the approval of the Board of Directors.

Financial and Operational Impact

The disclosure does not quantify any specific financial impact. The resolution includes a standard provision that if the company has no profits or inadequate profits in any financial year during the tenure, the remuneration payable shall be in accordance with Schedule V of the Companies Act, 2013.

Capital Structure Impact

No change to the company's capital structure is mentioned in this disclosure.

Additional Information

The Scrutinizer confirmed that the voting was conducted only through remote e-voting (no physical ballot forms were sent) in accordance with MCA Circulars. The results and the Scrutinizer's Report were to be hosted on the company's website (www.webelsolar.com) and NSDL's website (https://evoting.nsdl.com).