Solar Industries India Limited Announces Completion of Director Tenure

Solar industries India Limited has announced the completion of Shri Dinesh Kumar Batra's tenure as Non-Executive Independent Director, effective from the close of business hours on March 31, 2026. The company communicated this development to both the National Stock Exchange of India Limited and BSE Limited on April 01, 2026, in compliance with regulatory requirements.

Director Tenure Details

The announcement pertains to the completion of Batra's first term as a Non-Executive Independent Director of the company. Following the completion of his tenure, Shri Dinesh Kumar Batra ceased to be a Non-Executive Independent Director of Solar Industries India Limited.

Parameter:	Details
Director Name:	Shri Dinesh Kumar Batra
DIN:	08773363
Position:	Non-Executive Independent Director
Cessation Date:	March 31, 2026
Reason:	Completion of tenure (First Term)

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as required under the regulations, including references to recent SEBI circulars issued in November and December 2024.

Board Acknowledgment

The Board of Directors and Management of Solar Industries India Limited have placed on record their sincere appreciation for the contributions made by Shri Dinesh Kumar Batra during his association with the company over the years. The formal communication was signed by Khushboo Pasari, Company Secretary & Compliance Officer, and submitted to both stock exchanges where the company's shares are listed.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.87%	-1.51%	-5.99%	-5.08%	+14.04%	+882.28%

Board Appointment Details

The company's Board of Directors approved the appointment of Shri Kirit Ramesh Kamdar as Additional Director (Non-Executive Independent Director) through a Circular Resolution passed on March 31, 2026. The appointment was made based on the recommendation of the Nomination and Remuneration Committee.

Parameter:	Details
Director Name:	Shri Kirit Ramesh Kamdar
DIN:	06513347
Position:	Additional Director (Non-Executive Independent Director)
Effective Date:	April 01, 2026
Term Duration:	5 years (first term)
Approval Status:	Subject to shareholder approval

Professional Background and Expertise

Shri Kirit Ramesh Kamdar brings extensive professional credentials to Solar Industries' board. He is a qualified Chartered Accountant and Cost & Management Accountant with over 35 years of experience in tax advisory and financial management.

Kamdar's professional journey includes a significant tenure with Ernst & Young, where he was associated with a member firm from 2008 to 2023. His expertise spans multiple areas:

Corporate tax advisory and litigation
Direct tax advisory across various industries
Audit support and corporate governance
Risk assessment and corporate advisory
Financial management

He is also a member of the Bombay Chartered Accountants Society's Direct Tax Committee, demonstrating his active involvement in professional bodies and tax-related matters.

Regulatory Compliance and Independence

The appointment follows all regulatory requirements under SEBI (Listing Obligation & Disclosure Requirement) Regulations, 2015. Solar Industries confirmed that Kamdar is not debarred from holding the office of Director by SEBI or any other regulatory authority.

Importantly, the company disclosed that Shri Kirit Ramesh Kamdar is not related to any existing directors of the company, ensuring his independence as per corporate governance norms. The appointment is subject to shareholder approval as required by regulatory guidelines.

Strategic Significance

This appointment represents Solar Industries' commitment to strengthening its board with experienced professionals who can provide valuable insights into financial management and tax advisory matters. Kamdar's extensive background in corporate governance and risk assessment aligns well with the company's operational requirements in the explosives and industrial chemicals sector.

The addition of an independent director with strong financial and tax expertise is expected to enhance the board's oversight capabilities and contribute to the company's strategic decision-making processes.