Rights Issue Committee Decision

Solara Active Pharma Sciences Limited has announced the publication of newspaper advertisements regarding the second and final call on partly-paid rights shares, following the Rights Issue Committee meeting held on March 24, 2026. The pharmaceutical company published advertisements in Business Standard and Pratahkal newspapers on March 25, 2026, informing shareholders about the call details and record date.

Call Amount Structure

The committee has determined a comprehensive call amount structure for the partly-paid rights shares:

Record Date and Process Details

Key details of the rights share call process have been established:

Stock Exchange Communication

The formal announcement was communicated to both major stock exchanges where the company's shares are listed:

Corporate Governance and Compliance

The intimation was signed by Pooja Jaya Kumar, Company Secretary and Compliance Officer (ICSI Membership No. A57415), ensuring adherence to corporate governance protocols. The communication included detailed regulatory disclosures as required under SEBI guidelines, with the newspaper advertisements being made available on the company's official website for investor reference.

Share Transfer Window Notice

The company has also announced a special window for re-lodgement of transfer requests for physical shares, running from February 5, 2026, to February 4, 2027. This facility is available for shareholders whose transfer requests were rejected or returned due to document deficiencies before March 31, 2021, in compliance with SEBI circular requirements.

Solara Active Pharma Sciences Limited has successfully completed its postal ballot process for the appointment of Mr. Mohanraj Sanjeevi (DIN: 08420411) as Whole-time Director (Executive Director). The company formally communicated the voting results to BSE Limited and National Stock Exchange of India Limited on March 10, 2026, pursuant to Regulation 44 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Overwhelming Shareholder Support

The postal ballot results demonstrate exceptional shareholder confidence in the appointment, with the special resolution passed with requisite majority on March 06, 2026.

Category-wise Voting Pattern

The resolution received unanimous support from promoter and institutional categories, with minimal dissent from public non-institutional shareholders.

Official Compliance and Documentation

The scrutinizer's report was prepared by Preetnam Hebbar & Co., Company Secretaries, confirming the validity of the postal ballot process conducted entirely through remote e-voting in compliance with MCA General Circulars.

Appointment Details and Remuneration

Mr. Mohanraj Sanjeevi has been appointed as Whole-time Director for a period of three years, effective from January 01, 2026, to December 31, 2028, with a comprehensive remuneration package.

Additional benefits include insurance and social security benefits, encashment of un-availed earned leave, business travel expense reimbursements, company-sponsored car and driver for business purposes, ESOP grants, and corporate credit card facility as approved by the Board.

Voting Process Timeline

The postal ballot was conducted entirely through remote e-voting in compliance with regulatory requirements, with Central Depository Services (India) Limited providing the e-voting platform.