Insolation Energy Ltd has secured a significant contract worth ₹558.29 crore through its wholly owned subsidiary, Insolation Green Energy Private Limited. The order was awarded by NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Limited, for the supply of Solar PV Modules. This development underscores the company's growing capabilities in the renewable energy sector and its ability to secure large-scale domestic projects.

Contract Details

The contract entails the supply of Solar PV Modules and is classified as a domestic order. The execution of the order is scheduled for the financial year 2026-27. The total consideration for the contract is ₹558.29 crore, inclusive of GST. The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Information

Insolation Energy Limited shareholders have approved the continuation of Mr. Anil Kumar Gupta as a Non-Executive Independent Director and authorized amendments to the company's Employee Stock Option Plan 2024 (ESOP 2024) through a postal ballot process. The voting, conducted via remote e-voting, concluded on July 03, 2026, with both special resolutions securing the requisite majority. The approvals ensure the retention of the director and provide flexibility to modify the ESOP scheme.

The Board of Directors had sought member consent on May 25, 2026, pursuant to Section 110 and 108 of the Companies Act, 2013, and relevant SEBI regulations. The remote e-voting period commenced on June 04, 2026, and closed on July 03, 2026. Mr. Akshit Kumar Jangid, Practicing Company Secretary and partner of M/s. Pinchaa & Co., was appointed as the Scrutinizer to oversee the process and ensure transparency.

Voting Results

The Scrutinizer's report confirmed that both resolutions were passed with overwhelming support. The results for the two items are detailed below:

Resolution Details

The first resolution grants consent for the continuation of Mr. Anil Kumar Gupta (DIN: 03573328) as a Non-Executive Independent Director until the expiry of his present term. This approval aligns with Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the recommendation of the Nomination and Remuneration Committee.

The second resolution authorizes amendments to the Insolation Energy Employee Stock Option Plan 2024. The changes, detailed in the explanatory statement, are subject to applicable provisions of the Companies Act, 2013, and the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The Board and the Nomination & Remuneration Committee are empowered to implement these modifications and determine eligibility for the plan.