Meeting Details

  • Type of Meeting: Postal Ballot
  • Record Date: May 8, 2026
  • Voting Period: May 15, 2026 (9:00 AM IST) to June 13, 2026 (5:00 PM IST)
  • Total Shareholders on Record Date: 40,702
  • Scrutinizer: Sandhya R. Malhotra of M/s Manish Ghia & Associates (Membership No.: 6715)
  • Scrutinizer Appointment Date: May 1, 2026
  • Report Issuance Date: June 15, 2026

Proposed Resolutions and Implications

Special Resolutions (1-5):

1. Appointment of Mr. Rajiv Gupta (DIN: 09715290) as Independent Director

2. Appointment of Ms. Ritu Hastir (DIN: 11671118) as Independent Director

3. Appointment of Mr. Subhash Kumar Changoiwala (DIN: 00015235) as Independent Director

4. Appointment of Mr. Upendra Goyal (DIN: 11519908) as Independent Director

5. Alteration of Object Clause of Memorandum of Association

Ordinary Resolutions (6-13) - Material Related Party Transactions:

6. With Pioneer Facor IT Infradevelopers Private Limited (Corporate Promoter)

7. With Mr. Kartik Teltia (Promoter and Managing Director)

8. With Mr. Rishabh Jain (Promoter and Director)

9. With Mr. Sushil Kumar Jain (Promoter and Director)

10. With Mr. Mangal Chand Teltia (Promoter and Director)

11. Between ZNShine Solarworld Private Limited and Related Parties

12. Between Kartik Solarworld Private Limited and Related Parties

13. Between Solarworld BESS ONE Private Limited and Related Parties

Voting Process and Methods

  • Voting Method: Remote e-voting exclusively through NSDL
  • Service Provider: National Securities Depository Limited (NSDL)
  • Notice Dispatch: Completed electronically on May 14, 2026 to members with registered email addresses
  • Advertisement Published: Financial Express (English) and Jansatta (Hindi) on May 15, 2026
  • Vote Unblocking: Conducted in presence of CS Bhavya Gala and CS Prachi Trivedi (independent witnesses)

Key Voting Outcomes

Overall Participation:

  • Total Outstanding Shares: 86,672,654
  • Total Votes Polled: 43,346,122 shares (50.0113% participation)
  • Number of Shareholders Voting: 105 for most resolutions

Category-wise Breakdown:

Promoter and Promoter Group (57,005,885 shares):
  • Votes Polled: 29,260,443 shares (51.3288% participation)
  • 100% in favor for all resolutions where they voted
Public Institutions (10,262,425 shares):
  • Votes Polled: 6,744,276 shares (65.7182% participation)
  • 100% in favor for all resolutions
Public Non-Institutions (19,404,344 shares):
  • Votes Polled: 7,341,403 shares (37.8338% participation)
  • 99.9874% in favor for director appointments
  • 99.9879-99.988% in favor for related party transactions

Resolution-wise Results:

Special Resolutions (1-5):

  • Total votes in favor: 43,345,198 (99.9979%)
  • Votes against: 924 (0.0021%)
  • All passed with required 3:1 majority

Ordinary Resolutions (6-13):

  • Total votes in favor: 14,084,800 (99.9938%) for resolutions 6-8
  • Total votes in favor: 14,084,755 (99.9934%) for resolutions 10-13
  • Total votes in favor: 13,514,944 (99.9935%) for resolution 9
  • Votes against ranged from 879-924 shares (0.0062-0.0066%)
  • All passed with simple majority

Scrutinizer's Role and Findings

CS Sandhya R. Malhotra was appointed scrutinizer to ensure fair and transparent voting process. Her responsibilities included:

  • Scrutinizing the remote e-voting process conducted through NSDL
  • Verifying votes cast for and against each resolution
  • Matching shareholding data with Register of Members/Depositories
  • Confirming compliance with Companies Act, 2013 and SEBI LODR Regulations

The scrutinizer confirmed that all resolutions passed with requisite majority and recommended declaration of results.

Compliance Confirmation

The disclosure confirms compliance with:

  • Section 110 of Companies Act, 2013
  • Rules 20 and 22 of Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI LODR Regulations, 2015
  • Multiple MCA Circulars from 2020-2025 regarding e-voting procedures

Additional Information

  • NSE Symbol: SOLARWORLD
  • Corporate Office: 3rd Floor, A-45 to 50, Pioneer House, Sec-16, Noida-201301
  • Results available on company website (www.worldsolar.in) and NSDL website (www.evoting.nsdl.com)