Solex Energy has recommended a final dividend of ₹0.55 per equity share for FY26 and approved its listing on the Bombay Stock Exchange. The Board of Directors made these announcements following a meeting held on June 18, 2026.

The dividend recommendation is subject to shareholder approval at the upcoming Annual General Meeting. If approved, the payout will be dispatched within 30 days of declaration. The record date for determining eligibility will be intimated separately.

Listing and Corporate Actions

The Board approved the proposal to list existing equity shares on the Mainboard Platform of BSE Limited, subject to necessary regulatory approvals. This follows the company’s presence on the National Stock Exchange.

Solex Energy has scheduled its 12th Annual General Meeting for September 22, 2026. The meeting will address key corporate actions including the proposed dividend and enhanced borrowing limits.

What the Numbers Show

The proposed borrowing limit of ₹2,000 crore represents a substantial expansion in financial flexibility. This ceiling allows the company to raise funds from various sources, including banks and financial institutions, beyond its paid-up share capital and free reserves. The move aligns with the company's stated objectives to support capital expenditure and strategic investments.

Governance and Remuneration

The Board seeks approval for the re-appointment of Dr. Chetan Shah as Chairman and Managing Director for a further term of three years, commencing August 6, 2027. His remuneration is capped at ₹50 lakh per month, with total benefits not exceeding ₹6 crore per annum.

Mr. Piyush Chandak is also up for re-appointment as Whole-Time Director for three years starting September 1, 2027. His monthly CTC is set at ₹2.5 lakh, with an annual cap of ₹30 lakh on total remuneration and benefits.

Related Party Transactions

Shareholders will vote on material related party transactions with subsidiary Solex Green Energy Private Limited. The proposed aggregate value for FY27 is capped at ₹300 crore. These transactions include the sale and purchase of goods and services, expected to constitute 18.54% of the listed entity's annual consolidated turnover from the preceding year.

Voting Details

The remote e-voting period begins on September 19, 2026, at 9:00 am and ends on September 21, 2026, at 5:00 pm. The register of members will remain closed from September 16 to September 21, 2026.

Solex Energy has scheduled a meeting of its Board of Directors for Thursday, June 18, 2026. The agenda includes considering and recommending a dividend, if any, on equity shares for the financial year ended March 31, 2026.

The company notified the National Stock Exchange of India Ltd regarding the upcoming corporate action. This disclosure aligns with standard regulatory requirements for listed entities in India.

Regulatory Compliance

The intimation was issued pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates timely disclosure of board meetings where financial results or dividends are considered.

Trading Window Closure

In accordance with the company's Code of Conduct for Prevention of Insider Trading, framed under the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window is now closed.

Promoters, members of the promoter group, directors, designated persons, insiders, and their immediate relatives are prohibited from dealing in the equity shares of the company during this period.

The trading window will reopen only after 48 hours from the declaration of the outcome of the board meeting. This restriction ensures that material non-public information does not influence market transactions by connected parties.