Insolation Energy Limited has issued a postal ballot notice seeking shareholder approval for a key board appointment through electronic voting. The company announced this development through a regulatory filing dated March 18, 2026, addressed to both BSE Limited and National Stock Exchange of India Limited.

Postal Ballot Details

The postal ballot notice, dated February 12, 2026, seeks member approval for the appointment of Mr. Shreemat Pandey (DIN: 00411662) as Non-Executive Independent Director. The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facility to its members.

Newspaper Advertisement Publication

Insolation Energy Limited published newspaper advertisements regarding the dispatch of postal ballot notice on March 19, 2026. The advertisements appeared in "Financial Express" (English Edition) and "Nafa Nuksan" (Hindi Edition), informing shareholders about the postal ballot notice dispatch completed on March 18, 2026.

Director Profile and Qualifications

Mr. Shreemat Pandey brings significant administrative and governance experience to the board. After completing B.tech in Electrical Engineering from IIT Kharagpur, he joined the Indian Administrative Service (IAS) in 1984. He recently retired after a distinguished career spanning over 35 years.

His extensive experience includes:

• About 8 years as Secretary/Principal Secretary to Chief Minister
• 10 years in all aspects of Power Sector including Chairman Rajasthan Electricity Regulatory Commission
• About 4 years in Information Technology and Communication
• Over 9.5 years as District Magistrate in challenging Districts of Rajasthan (Pali, Kota, Udaipur and Jaipur)

Appointment Details

Regulatory Compliance

The appointment requires approval through special resolution as per Section 149 of the Companies Act, 2013 and Regulation 17 and 25 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Pandey has submitted declarations confirming his independence criteria and compliance with all regulatory requirements.

The company has appointed Mr. Akshit Kumar Jangid (Membership No. F11285, CP No. 16300), Practicing Company Secretary from M/s. Pinchaa & Co., Jaipur, as the Scrutinizer for conducting the postal ballot process. The voting results will be announced within 2 working days of the e-voting conclusion and will be available on the company's website and NSDL's e-voting portal.

Voting Process

Members whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of March 13, 2026, are eligible to vote. The postal ballot notice has been sent electronically to members with registered email addresses. Physical copies will not be distributed in compliance with MCA circulars. The resolution, if approved by requisite majority, will be deemed passed on April 17, 2026.

Insolation Energy has successfully completed its migration from BSE SME Platform to the main board and achieved direct listing on the National Stock Exchange of India Limited (NSE). The company celebrated this significant milestone with a formal ceremony held in Jaipur on March 9, 2026, marking the commencement of trading for 22,03,94,625 equity shares on both exchanges.

Migration and Listing Completion

The company received final approvals from both exchanges through official communications. BSE granted approval through letter reference no. 20260306-9 dated March 6, 2026, while NSE provided approval through letter reference no. 038/2026 dated March 5, 2026. Trading commenced at 09:15 AM on March 9, 2026, with the official bell-ringing ceremony.

Celebration Ceremony Details

The NSE listing ceremony was attended by distinguished guests including Shri Heeralal Nagar Ji, Hon'ble Energy Minister of the Government of Rajasthan, as chief guest, and Shri Ramcharan Bohra Ji, Former Member of Parliament from Jaipur City, as special guest. The event commenced with the National Anthem, followed by a traditional lamp lighting ceremony.

Exchange Listing Specifications

BSE will list the shares in the 'B' Group category on its Mainboard Platform, while NSE will list them in the Capital Market segment under the Normal Market segment with rolling settlement. Both exchanges require compulsory demat trading with a market lot of 1.

Company Leadership Addresses

Shri Manish Gupta Ji, Chairman & Whole Time Director, delivered an inspiring address highlighting the company's journey and achievements. Shri Vikas Jain Ji, Managing Director, also addressed the gathering and shared views on the company's growth journey. NSE officials congratulated the company on achieving this milestone and acknowledged its contribution to the renewable energy sector.

Corporate Infrastructure and Operations

Insolation Energy Limited, established in 2015, operates as a leading solar panel manufacturer headquartered in Jaipur, Rajasthan. The company maintains five manufacturing facilities across India, including three state-of-the-art units in Jaipur and two facilities in Madhya Pradesh. The company's manufacturing infrastructure features advanced automation, cutting-edge robotics, and rigorous quality assurance systems.

Bigshare Services Private Limited serves as the company's Registrar and Transfer Agent, with Mr. Nitesh Sharma acting as Company Secretary and Compliance Officer. The successful migration and listing mark a significant milestone in the company's journey, demonstrating sustained growth trajectory and commitment to transparency and strong corporate governance.