Insolation Energy Limited has approved the continuation of Mr. Anil Kumar Gupta as a Non-Executive Independent Director beyond the age of 75 years. The Board of Directors approved the recommendation of the Nomination and Remuneration Committee during its meeting held on May 25, 2026. This decision allows Mr. Gupta to continue his tenure from July 10, 2026, the date he attains the age of 75, until the expiry of his current term on February 9, 2029, subject to shareholder approval.

The continuation is pursuant to Regulation 30 read with Regulation 17(1)A and Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The terms and conditions for this extension remain as approved by members via a resolution dated March 4, 2024. The appointment is contingent upon receiving the necessary approval from the shareholders of the company.

Key Appointment Details

Insolation Energy Limited has successfully concluded its postal ballot proceedings on 17th April, 2026, securing overwhelming shareholder approval for the appointment of Mr. Shreemat Pandey as Non-Executive Independent Director. The company announced the results following the completion of the remote e-voting process, demonstrating strong investor confidence in the proposed appointment.

Comprehensive Voting Results by Shareholder Category

The special resolution for Mr. Shreemat Pandey's appointment received exceptional support across all shareholder categories, with detailed breakdown showing varying participation levels:

The voting process was conducted entirely through remote e-voting via National Securities Depository Limited (NSDL) platform. Mr. Akshit Kumar Jangid, Practicing Company Secretary (FCS 11285, CP No. 16300) from M/s. Pinchaa & Co., served as the scrutinizer to ensure fair and transparent proceedings.

Timeline and Process Details

The postal ballot process followed a structured timeline in compliance with regulatory requirements:

The company ensured compliance with Ministry of Corporate Affairs (MCA) circulars and SEBI regulations throughout the process. Advertisement notifications were published in "Financial Express" (English Edition) and "Nafa Nuksan" (Hindi Edition) newspapers on 18th March, 2026.

Director Appointment Details

Mr. Shreemat Pandey (DIN: 00411662) has been appointed as Non-Executive Independent Director for a five-year term. The appointment specifics include:

Mr. Pandey has submitted the required declaration confirming his independence criteria under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI Listing Regulations.

Scrutinizer Report and Regulatory Compliance

The scrutinizer's report confirmed the integrity of the voting process, with votes downloaded from NSDL's e-voting platform in the presence of two independent witnesses - Ms. Krati Upadhyay and Mr. Mohit Asrani. The postal ballot was conducted pursuant to Section 108 and 110 of the Companies Act, 2013, along with applicable rules and SEBI Listing Regulations.

Company Secretary Nitesh Sharma (ACS: 66702) oversaw the compliance aspects and result dissemination as required under Regulation 44(3) of SEBI Listing Regulations. The process incorporated recommendations from the Nomination and Remuneration Committee and received Board approval.

The successful completion of this postal ballot demonstrates Insolation Energy Limited's commitment to corporate governance and shareholder engagement, with the overwhelming approval reflecting strong stakeholder confidence in the company's leadership decisions.