Websol Energy System Limited has announced a postal ballot notice seeking shareholder approval for the re-appointment of Sohan Lal Agarwal as Managing Director of the company for a term of three years. The appointment is proposed to take effect from April 1, 2026, subject to the approval of the members. The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process, which serves as the sole mechanism for shareholders to record their assent or dissent.

The remote e-voting facility will be available from Thursday, June 25, 2026, at 9:00 A.M. IST until Friday, July 24, 2026, at 5:00 P.M. IST. Shareholders whose names appear in the Register of Members or Register of Beneficial Owners as of the cut-off date, Friday, June 12, 2026, are eligible to participate. The notice has been dispatched electronically to members with registered email addresses, and physical copies have not been issued.

Re-appointment Details

The Nomination and Remuneration Committee and the Board of Directors approved the re-appointment at their meetings held on April 27, 2026. Mr. Agarwal, who holds the DIN 00189898, was initially appointed as Managing Director for five years effective April 1, 2021. The new tenure extends his leadership until March 31, 2029. The Board recommends the resolution for approval, noting that Mr. Agarwal possesses over fifty years of experience, including approximately thirty-five years in the renewable energy sector.

Remuneration Structure

The explanatory statement outlines the remuneration proposed for the three-year term. The package is structured to comply with the Companies Act, 2013, and SEBI Listing Regulations.

In the event of loss or inadequate profits in any financial year, the Managing Director is entitled to minimum remuneration as per Schedule V of the Companies Act, 2013, subject to central government approval if required. The remuneration drawn for the financial year 2025-26 was reported as ₹7.51 Crores.

Governance and Disclosures

Mr. Abhijit Majumdar, a Practicing Company Secretary, has been appointed as the Scrutinizer to ensure the postal ballot process is conducted fairly. The scrutinizer will submit a report on or before Tuesday, July 28, 2026, following which the results will be declared. The resolutions, if passed by the requisite majority, will be deemed effective as of the closing date of the e-voting period.

Disclosures confirm that except for Mr. Sohan Lal Agarwal and his relatives, no other Director or Key Managerial Personnel is interested in the resolution. Ms. Sanjana Khaitan, Whole-Time Executive Director, is identified as the granddaughter of Mr. Agarwal. The company has also made available the necessary documents for inspection at its Registered Office and on its website.

Websol Energy System Limited announced the resignation of its Company Secretary & Compliance Officer, Raju Sharma, effective from the close of business hours on May 31, 2026. The resignation was submitted via a letter dated May 29, 2026, and is attributed to the officer's decision to pursue an alternate career opportunity outside the organization. The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The company informed the National Stock Exchange of India Limited and BSE Limited regarding the cessation of the Key Managerial Personnel. The communication, signed by Managing Director Sohan Lal Agarwal, confirmed that Sharma would be relieved effective May 31, 2026. The filing included the necessary details as prescribed under Part A of Schedule III of the SEBI regulations and the circular dated July 13, 2023.

Key Information

The following table outlines the specific details regarding the change in the company's compliance officer position:

The resignation letter addressed to the Board of Directors expressed gratitude for the support received during Sharma's tenure. The company accepted the resignation on May 30, 2026, marking the official end of his tenure as Company Secretary & Compliance Officer.