solar industries shareholders approved a final dividend of ₹11 per equity share for the financial year ended March 31, 2026, during the company’s 31st Annual General Meeting (AGM) held on August 11, 2026. The meeting, conducted via Video Conference/Other Audio Visual Means (VC/OAVM), also saw the reappointment of Milind Deshmukh as a Whole-time Director and the appointment of Reena Jha Tripathi as an Independent Director. The Board declared the dividend as part of its ordinary business resolutions, reflecting the company’s continued profitability and commitment to shareholder returns.

The AGM commenced at 11:30 a.m. and concluded at 12:40 p.m., with the deemed venue being the company’s registered office in Nagpur. Satyanarayan Nuwal, Chairman and Non-executive Director, chaired the proceedings. As on the record date of August 4, 2026, the company had 1,18,272 shareholders. A total of 65 shareholders participated in the meeting via video conference, comprising three from the promoter group and 62 from the public category. No shareholders attended in person or through proxies.

Key attendees included Manish Nuwal, Managing Director & CEO; Suresh Menon, Whole-time Director; Milind Deshmukh, Whole-time Director; and independent directors Ramesh Bhujang, Girija Balakrishnan, Viswanathan Lakshmanan, and Reena Jha Tripathi. Statutory auditors S R B C & Co. LLP and Gandhi Rathi & Co., along with secretarial auditor Vinod Kothari and Co., were also present. Khushboo Pasari, Company Secretary & Compliance Officer, informed members that the meeting adhered to the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resolutions Passed

Shareholders approved several ordinary and special resolutions. The audited standalone and consolidated financial statements for FY26 were adopted without qualification. In addition to the dividend declaration, Milind Deshmukh was reappointed as a Director retiring by rotation and subsequently as a Whole-time Director with revised remuneration terms. Reena Jha Tripathi was appointed as an Independent Director via a special resolution. The company also sought approval for alterations to its Articles of Association and ratified the cost auditor’s remuneration for FY26.

Remote e-voting was facilitated through National Securities Depositories Limited (NSDL), commencing on August 8, 2026, at 9:00 a.m. and ending on August 10, 2026, at 5:00 p.m. Tushar Pahade of T S Pahade & Associates served as the scrutinizer for the voting process. During the question-and-answer session, five shareholders raised queries regarding financial performance and future prospects, which were addressed by management. Satyanarayan Nuwal highlighted growth in revenue, profitability, and EBITDA margins during his address, emphasizing the company’s focus on sustainable growth and corporate governance.

Solar Industries India Limited has scheduled its 31st Annual General Meeting (AGM) for Tuesday, August 11, 2026, at 11:30 a.m. The meeting will be conducted through video conferencing or other audio-visual means, with the registered office in Nagpur deemed as the venue. The company has dispatched the Integrated Annual Report for the financial year 2025-26 electronically to members whose email addresses are registered, completing this process on July 20, 2026.

The Board of Directors has recommended a final dividend for the financial year 2025-26. To determine the members eligible for this dividend, the Register of Members and Share Transfer books of the company will remain closed from Wednesday, July 29, 2026, to Tuesday, August 11, 2026 (both days inclusive). Shareholders holding shares in dematerialized form as of the close of business on Tuesday, July 28, 2026, will be entitled to receive the dividend, which, if approved, will be paid on Thursday, August 20, 2026.

Members can exercise their voting rights through remote e-voting, which will commence on Saturday, August 8, 2026, at 9:00 a.m. and conclude on Monday, August 10, 2026, at 5:00 p.m. Only those members whose names are recorded in the Register of Members or Register of Beneficial Owners as of the cut-off date, Tuesday, August 4, 2026, are eligible to vote. Shri Tushar Pahade, Proprietor at M/s T. S. Pahade & Associates Company Secretaries, has been appointed as the Scrutinizer for the e-voting process.

The facility to attend the AGM via video conferencing is available through the NSDL e-voting system. Members who have already cast their votes via remote e-voting may attend the meeting but will not be eligible to vote again during the AGM. The company has also noted that dividend income is taxable in the hands of members, and tax deducted at source (TDS) will be applicable as per the provisions of the Income Tax Act, 1961.

Mrs. Khushboo Pasari, Company Secretary & Compliance Officer, signed the notice on behalf of the Board of Directors. The documents related to the businesses to be transacted at the AGM are available for inspection as per the procedure provided in the notice.