Sahaj Solar Limited has accepted the resignation of Sureshchandra Naharsinh Rao as Non-Executive Director, effective July 27, 2026. The departure, attributed to personal reasons, triggers a restructuring of two key board committees and coincides with the company’s decision to defer plans for raising long-term capital. The move alters the governance landscape ahead of the upcoming Annual General Meeting scheduled for August 24, 2026.

The resignation was formalized during a Board meeting held on July 27, 2026, in Ahmedabad. Mr. Rao confirmed that there are no other material reasons for his exit beyond those stated in his resignation letter. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III and SEBI Circular No. SEBI/ HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Committee Reconstitution

Following Mr. Rao’s exit, the Board approved the reconstitution of both the Nomination and Remuneration Committee and the Stakeholders Relationship Committee. Independent Director Niren Gautambhai Dalal was inducted into both bodies, assuming the chairmanship of the Stakeholders Relationship Committee.

The updated composition of the Nomination and Remuneration Committee is as follows:

Mr. Pramit Bharatkumar Brahmhatt, Managing Director, replaced Mrs. Parikh as a member of the Stakeholders Relationship Committee. The reconstituted committee now includes Mr. Dalal as Chairman, alongside Mr. Joshi and Mr. Brahmhatt.

Strategic Deferrals and AGM Details

The Board deferred the consideration and approval of a proposal for raising long-term funds. Management indicated that any future developments regarding capital raising would be intimated to stock exchanges upon approval. Concurrently, the Board approved the Annual Report and Directors’ Report for the Financial Year ended March 31, 2026 (FY26).

The 17th Annual General Meeting is scheduled for August 24, 2026, at 11:30 a.m., to be conducted via Video Conferencing or Other Audio-Visual Means. The cut-off date for remote e-voting eligibility is August 18, 2026. M/s. ALAP & Co. LLP, Company Secretaries, have been appointed as Scrutinizer for the e-voting process.

Sahaj Solar Limited has appointed new auditors to oversee its secretarial and cost compliance for the upcoming financial years, following a board meeting on July 04, 2026. The Board approved the engagement of M/s. ALAP & Co. LLP as the Secretarial Auditor for FY 2025-26 and M/s. Mayur Chhaganbhai Undhad and Co. as the Cost Auditor for FY 2026-27. These changes ensure the company maintains statutory compliance and robust governance frameworks.

The appointment of the new Secretarial Auditor follows the resignation of M/s. Richi Prerak and Associates, effective July 04, 2026. The former auditor cited prior professional commitments and an increased volume of other ongoing assignments as reasons for stepping down, noting that these factors limited their ability to dedicate the requisite time and resources.

Auditor Appointments

Based on the recommendation of the Audit Committee, the Board selected M/s. ALAP & Co. LLP, a Practicing Company Secretaries and Peer Reviewed Firm, to fill the secretarial audit role. For cost audit, the Board appointed M/s. Mayur Chhaganbhai Undhad and Co., Cost Accountants, to serve for FY 2026-27.

Key Details of Appointments

M/s. ALAP & Co. LLP is a corporate advisory firm led by Mr. Anand Lavingia and Ms. Ankita Patel, specializing in corporate laws, capital markets, and regulatory licensing. The Cost Auditor, M/s. Mayur Chhaganbhai Undhad and Co., brings over nine years of experience in cost accounting, cost audits, and management consultancy services across various industries.

The disclosures were made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting, which commenced at 5:30 P.M. and concluded at 6:00 P.M., was chaired by Managing Director Pramit Bharatkumar Brahmbhatt.