Kartik Teltia, promoter of solarworld energy solutions , has declared that he holds no encumbrances on his equity shares for the financial year ended March 31, 2026. This disclosure is significant as it confirms the promoter's shares are free from charges, providing clarity to shareholders regarding the status of his holdings during FY26.

The declaration was submitted to BSE Limited and the National Stock Exchange of India Ltd. in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Teltia confirmed that no encumbrances were made directly or indirectly on the shares held by him throughout the specified period.

Key Disclosure Details

The letter was addressed to the stock exchanges and the company's Audit Committee, requesting that the declaration be placed on record. This filing ensures transparency regarding the promoter's shareholding structure.

Solarworld Energy Solutions Limited has secured shareholder approval for the appointment of four independent directors and several material related party transactions through a postal ballot conducted via remote e-voting. The voting process, which commenced on May 15, 2026, and concluded on June 13, 2026, saw a total of 13 resolutions passed with the requisite majority. The approvals enable the company to induct new independent directors and formalize transactions with its promoters and subsidiaries.

Appointment of Independent Directors

Shareholders approved the appointment of four individuals as independent directors of the company. The resolutions were passed as special resolutions, requiring votes in favour to be more than three times the votes cast against.

A special resolution to alter the object clause of the Memorandum of Association of the Company was also approved, with 99.9979% of votes cast in favour.

Approval of Related Party Transactions

The postal ballot included eight ordinary resolutions approving material related party transactions. These transactions involve the company, its corporate promoter Pioneer Facor IT Infradevelopers Private Limited, and individual promoters including Mr. Kartik Teltia and Mr. Rishabh Jain. Additionally, resolutions were passed for transactions between the company's wholly-owned subsidiaries—ZNShine Solarworld Private Limited, Kartik Solarworld Private Limited, and Solarworld BESS ONE Private Limited—and the related parties.

For these ordinary resolutions, promoters and promoter group members did not vote as they were interested parties. The resolutions were passed based on votes from public institutions and non-institutional shareholders.

Scrutinizer's Report and Procedural Details

The scrutiny of the voting process was conducted by CS Sandhya R. Malhotra of M/s Manish Ghia & Associates. The remote e-voting facility was provided by National Securities Depository Limited (NSDL). The record date for determining shareholder eligibility was May 8, 2026. The scrutinizer confirmed that the votes cast in favour for all resolutions exceeded the required thresholds, declaring the resolutions passed.