Insolation Energy Limited , a company currently listed on BSE's SME platform, has received unanimous shareholder approval for two significant corporate actions that could potentially enhance its market presence and accessibility to investors.

Key Developments

1. Migration to BSE Main Board: Shareholders have approved the migration of the company's equity shares from BSE's SME platform to the main board of BSE.

2. Direct Listing on NSE: Approval has been granted to apply for direct listing on the National Stock Exchange (NSE) main board.

Voting Details

The postal ballot voting, which concluded on October 10, 2025, saw 100% approval for both resolutions. Here's a breakdown of the voting results:

Process and Timeline

• The postal ballot process was conducted through remote e-voting from September 11 to October 10, 2025.
• Mr. Akshit Kumar Jangid served as the scrutinizer for the voting process.
• The results were declared by Chairman Manish Gupta on October 10, 2025.

Implications

These approvals mark a significant milestone for Insolation Energy Limited, potentially offering:

1. Increased visibility and liquidity for the company's shares
2. Access to a wider investor base
3. Enhanced prestige associated with main board listings

Additional Corporate Actions

Insolation Energy Limited has also made two other significant announcements:

1. Appointment of Independent Director: Mr. Rajiv Jain has been appointed as an Additional Director (Non-Executive Independent Director) for a term of 5 years, effective October 10, 2025, subject to shareholder approval.

2. Incorporation of Step-down Subsidiary: The company's wholly-owned subsidiary, Insolation Green Energy Private Limited, has incorporated a new wholly-owned subsidiary named GRHE Green Infra Private Limited on October 9, 2025. This new entity will serve as a special purpose vehicle for setting up solar power plants.

These developments collectively indicate Insolation Energy Limited's strategic moves towards expansion and strengthening its corporate governance structure.

Investors and market participants will be keenly watching the company's next steps as it prepares for potential listing on the main boards of BSE and NSE, which could significantly alter its market dynamics and investor accessibility.

Insolation Energy Limited has announced the appointment of Mr. Rajiv Jain as an Additional Director, designated as Independent Director, effective from 10th October, 2025. This strategic move, approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee, aims to strengthen the company's governance structure.

Key Appointment Details

Professional Background

Mr. Rajiv Jain brings a wealth of experience to Insolation Energy Limited, with over 42 years in governance, law enforcement, national security, and legal practice. His impressive career includes:

• Former Member of the National Human Rights Commission (NHRC), equivalent to a Supreme Court Judge
• Former Director of Intelligence Bureau (IB), equivalent to a Secretary to the Government of India
• Expertise in policy formulation, coordination, crisis management, conflict resolution, and corporate governance
• Accomplished arbitrator, mediator, and practicing advocate

Academic Qualifications

Mr. Jain's academic credentials include:

• MA in History
• BA (Hons.)
• Bachelor of Laws (LL.B.)
• Advanced Diploma in Management

Compliance and Independence

The company has confirmed that Mr. Rajiv Jain is not related to any of the Promoters, Members of the Promoter Group, or Directors of Insolation Energy Limited. Furthermore, he is not debarred from holding the office of Director by any regulatory authority, ensuring compliance with SEBI regulations.

This appointment underscores Insolation Energy Limited's commitment to enhancing its board with experienced professionals, potentially bringing valuable insights to the company's strategic direction and governance practices.