Insolation Energy Limited has granted 10,000 options to eligible employees under its Insolation Energy Employee Stock Option Plan 2024 (ESOP 2024) at an exercise price of ₹3.80 per option. The Nomination and Remuneration Committee approved the grant during its meeting on May 25, 2026. Additionally, the committee approved the cancellation of 46,250 options previously granted under the same plan.

The options are part of tranche 7 of a total grant of 20,00,000 options. The adjustment in the total number of options follows a record date of January 24, 2025, when the company's equity shares were split from ₹10 each to ₹1 each. Consequently, the number of shares granted under the plan was modified from 1,000 equity shares of ₹10 each to 10,000 equity shares of ₹1 each.

The vesting of these options will occur over a period of 30 months from the date of grant. The schedule allows for 25% of the options to vest at the end of 12 months, with subsequent 25% tranches vesting at 18, 24, and 30 months. Once vested, the options can be exercised within a period of 18 months from the vesting date.

The ESOP 2024 is compliant with the SEBI (SBEB) Regulations, 2021. The plan is designed to motivate employees who perform consistently, offering them an opportunity to participate in the company's performance and align their efforts towards long-term value creation. The options are available to employees of the company and its subsidiary, associate, and group companies.

ESOP Vesting Schedule

The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and read with the relevant SEBI Master Circular.

Insolation Energy Limited has appointed Mr. Anil Kumar Gupta as an Independent Director on the board of its unlisted material subsidiary, Insolation Green Energy Private Limited, effective May 25, 2026. The appointment strengthens the governance structure of the subsidiary entity. The decision was taken during a meeting of the Board of Directors held on May 25, 2026.

Appointment Details

The Board approved the appointment of Mr. Anil Kumar Gupta (DIN: 03573328) as a Non-Executive Independent Director. He will serve on the board of Insolation Green Energy Private Limited, which is a material subsidiary of Insolation Energy Limited. The appointment is effective immediately from the date of the board meeting.

Regulatory Compliance

The intimation was submitted under Regulation 30 read with Regulation 24(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was made to both BSE Limited and the National Stock Exchange of India Limited to ensure compliance with disclosure norms regarding material subsidiaries and key managerial appointments.