Insolation Energy Limited Concludes Postal Ballot for Director Appointment with Overwhelming Shareholder Support

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:

Category	Shares Held	Votes Polled	Polling %	Votes in Favor	Votes Against	Approval %
Promoter Group	145,707,001	145,699,000	99.99%	145,699,000	0	100.00%
Public Institutions	4,136,513	973,500	23.53%	973,500	0	100.00%
Public Non-Institutions	70,551,111	382,790	0.54%	168,240	214,550	43.95%
Total	220,394,625	147,055,290	66.72%	146,840,740	214,550	99.85%

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:

Key Milestone	Date	Details
Board Decision	12th February, 2026	Board approved postal ballot proceedings
Cut-off Date	13th March, 2026	Record date for eligible shareholders (13,994 shareholders)
Notice Dispatch	18th March, 2026	Email distribution to registered shareholders
E-voting Period	19th March - 17th April, 2026	Remote voting window (9:00 AM to 5:00 PM IST)
Result Declaration	17th April, 2026	Official announcement of voting outcomes

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:

Parameter	Details
Effective Date	5th February, 2026
Term Duration	Five consecutive years (until 4th February, 2031)
Category	Non-Executive Independent Director
Rotation Status	Not liable to retire by rotation
Initial Appointment	Additional Director by Board on 5th February, 2026

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.48%	+15.98%	+52.78%	+59.87%	+59.87%	+59.87%

Insolaton Energy Limited has issued a formal clarification to BSE Limited addressing concerns about significant movement in its stock price. The response came following an inquiry from the exchange's surveillance department dated April 13, 2026.

Company's Response to Exchange Inquiry

The company submitted its clarification on April 14, 2026, through Company Secretary and Compliance Officer Nitesh Sharma. In the formal communication, Insolaton Energy emphasized its commitment to transparency and regulatory compliance.

Parameter	Details
Exchange Query Date	April 13, 2026
Company Response Date	April 14, 2026
BSE Reference Number	L/SURV/ONL/PV/APJ/2026-2027/3714
Responding Officer	Nitesh Sharma (ACS: 66702)

Disclosure and Compliance Statement

The company reiterated its adherence to disclosure requirements under SEBI regulations. Insolaton Energy stated that it has consistently disclosed all material information bearing on its operations and performance, including necessary disclosures in accordance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Explanation for Price Movement

Regarding the stock price fluctuation, the company provided the following clarification:

No awareness of specific reasons for the recent significant price movement
Movement attributed to market-driven factors
Combination of various factors including prevailing market conditions
Emphasis that the company maintains full regulatory compliance

Regulatory Commitment

Insolaton Energy reaffirmed its commitment to ongoing compliance with listing regulations and other applicable laws. The company assured stakeholders of its continued adherence to all required compliances under the regulatory framework governing listed entities.