Vikram Solar Limited has successfully concluded its postal ballot process with shareholders demonstrating overwhelming support for all three proposed resolutions. The company formally notified stock exchanges on February 24, 2026, confirming the completion of the remote e-voting process that concluded on February 20, 2026.

Postal Ballot Results and Overwhelming Approval

The remote e-voting process commenced on January 22, 2026 at 9:00 a.m. IST and concluded on February 20, 2026 at 5:00 p.m. IST. All three resolutions were passed with exceptional shareholder support, demonstrating strong confidence in the proposed management changes:

Director Appointment Details

Mr. Suresh Gopinathan Menon (DIN: 09721950) was appointed as a Non-Executive Non-Independent Director effective December 1, 2025. He holds a Master of Science degree in Physics from the University of Poona and a Master of Technology degree in Computer Science from IIT Madras. After a successful 36-year executive career with Tata Consultancy Services Ltd., he superannuated in May 2022 as Senior Vice President.

Mr. Joginder Pal Dua (DIN: 02374358) was appointed as an Independent Director for a five-year term from December 1, 2025 to November 30, 2030. He holds a degree in Law from Meerut University and Masters in Economics from Punjab University. He served Oriental Bank of Commerce for over 30 years and later served as Chairman & Managing Director of Allahabad Bank.

Ms. Neha Agrawal (DIN: 05321461) was re-appointed as Whole-Time Director for three consecutive years from March 22, 2026 to March 21, 2029. She brings over 14 years of experience in solar module manufacturing and currently heads strategy and international business operations for the company.

Detailed Voting Analysis by Category

The voting results demonstrated strong participation across all shareholder categories with a total of 241,027,691 votes polled representing 66.52% of outstanding shares:

Regulatory Compliance and Scrutinizer Report

The postal ballot process was conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. A. K. Labh, Practicing Company Secretary (Membership No: FCS 4848/ CP-3238) of M/s A K Labh & Co., served as the scrutinizer for the voting process and submitted his report on February 23, 2026. The company has made the voting results available on its website and stock exchange platforms as per regulatory requirements. The resolutions are deemed to have been passed on February 20, 2026, being the last date specified for the remote e-voting process.

Vikram Solar Limited has responded to a BSE inquiry regarding increased trading volume in its shares, clarifying that the company has no undisclosed material information that could impact stock performance. The response was submitted on February 23, 2026, addressing the exchange's surveillance query about unusual volume activity.

Regulatory Compliance Statement

Vikram Solar confirmed in its official communication that it has made all relevant disclosures to stock exchanges in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company specifically referenced compliance with Regulation 30, which governs material event disclosures.

Company's Position on Volume Increase

The solar equipment manufacturer stated it is not aware of any reason for the volume increase and does not possess any information or pending announcements that would require disclosure under Regulation 30. This regulation mandates companies to disclose events that may have a bearing on price or volume behavior in their securities.

Vikram Solar emphasized its commitment to maintaining the highest levels of corporate governance practices and disclosure standards. The company assured continued compliance with all SEBI LODR requirements, including timely disclosures as mandated under listing regulations.

Corporate Information

The communication was digitally signed by Company Secretary and Compliance Officer Sudipta Bhowal on February 23, 2026. Vikram Solar operates manufacturing facilities in Falta, West Bengal, and Chennai, Tamil Nadu, with its registered office located in Kolkata. The company maintains a toll-free customer service line and continues its operations in the solar energy equipment sector.