Solar Industries India Limited has issued a postal ballot notice to shareholders seeking approval for the appointment of a new Independent Director through remote electronic voting. The notice, dated January 23, 2026, was submitted to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of SEBI Listing Regulations.

Postal Ballot Details

The company has scheduled the voting process exclusively through remote e-voting, with no physical postal ballot forms being distributed to members. The key timelines and parameters for the postal ballot are outlined below:

Director Appointment Proposal

The postal ballot seeks shareholder approval for the appointment of Shri Ramesh Madhavrao Bhujang (DIN: 00194189) as an Independent Director of the company. The Board of Directors had initially appointed him as an Additional Director through a circular resolution dated December 3, 2025, based on the recommendation of the Nomination and Remuneration Committee.

Candidate Profile and Experience

Shri Ramesh Madhavrao Bhujang brings extensive experience in banking and financial services to the board. His professional background includes:

• Four decades of experience in Banking, Industrial Development, Project/Infrastructure Finance, and Economic Policies
• Masters Degrees in Economics from Bombay University (1976) and Development Management from AIM (1991)
• Previous roles at Industrial Development Bank of India (IDBI) for 12 years (1980-92)
• Co-Founding Professional at L&T Infrastructure Finance Limited (2006-2016)
• Experience as Independent Director in various companies

Voting Process and Compliance

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. CS Tushar S. Pahade (FCS No.: 7784 & COP No.: 8576) has been appointed as the Scrutinizer to conduct the postal ballot process. The voting will be conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations.

Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of January 16, 2026, and who have registered email addresses with their Depository Participants or the company's Registrar, MUFG Intime India Private Limited, are eligible to participate in the voting process.

Regulatory Requirements

The appointment follows SEBI Listing Regulations amendments effective from January 1, 2022, which require listed entities to obtain shareholder approval for board appointments within three months of the appointment date or at the next general meeting, whichever is earlier. The company has received the necessary notice under Section 160(1) of the Companies Act, 2013, and the candidate has provided required declarations regarding independence criteria and qualifications.

Solar Industries announced a significant milestone in its defence manufacturing journey with the visit of Hon'ble Raksha Mantri Shri Rajnath Singh to its subsidiary's facilities. The Defence Minister visited the manufacturing and testing facilities of Solar Defence and Aerospace Limited (SDAL), the company's wholly owned subsidiary, on January 18, 2026.

Facility Inauguration Details

During the high-profile visit, the Hon'ble Raksha Mantri inaugurated Solar Defence and Aerospace Limited's state-of-the-art Medium Calibre Ammunition Manufacturing facility located in Nagpur. This facility represents a significant addition to India's indigenous defence manufacturing capabilities.

Strategic Alignment with National Initiatives

The inaugurated facility forms part of Solar Industries' ongoing efforts to strengthen indigenous defence manufacturing capabilities. The facility directly supports the Government of India's key strategic initiatives:

• Atmanirbhar Bharat: Contributing to India's self-reliance goals in defence manufacturing
• Make in India: Enhancing domestic production capabilities in the defence sector

Company Briefing and Future Plans

During the visit, the Hon'ble Raksha Mantri received comprehensive briefings on multiple aspects of the company's operations and future strategy. The presentations covered:

• Defence product offerings and current capabilities
• Research and development initiatives in the defence sector
• Strategic growth plans for the defence and aerospace sector

Management Statement

Solar Industries reaffirmed its commitment to supporting the nation's vision for self-reliance in defence manufacturing and technological advancements. The company emphasized its dedication to contributing to India's defence capabilities through indigenous manufacturing and innovation.

The facility inauguration marks another step in Solar Industries' expansion within the defence and aerospace sector, demonstrating the company's role in strengthening India's defence manufacturing ecosystem through its subsidiary Solar Defence and Aerospace Limited.