Insolaton Energy Limited has confirmed that its promoters and promoter group did not create any encumbrance on their shareholdings during the Financial Year 2025-26. The disclosure, submitted to the stock exchanges, ensures compliance with regulatory requirements regarding substantial acquisition of shares and takeovers. This declaration provides clarity to investors regarding the status of shares held by key stakeholders during the specified period.

The filing was made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates that companies disclose any encumbrance created by promoters over the shares held by them. The confirmation indicates that no such direct or indirect encumbrance was made by the promoters, promoter group, or persons acting in concert during FY 2025-26.

The disclosure was signed by Manish Gupta and Vikas Jain on behalf of the promoters and promoter group of Insolaton Energy Limited. Copies of the declaration were forwarded to the Audit Committee and the Company Secretary of the company for their records.

Key Disclosure Details

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.