WAA Solar Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving the regularization of Mr. Prashant Kumar Gupta as Non-Executive Independent Director. The company announced the voting results on February 19, 2026, following the completion of the remote e-voting process.

Voting Results and Participation

The postal ballot attracted participation from 21 members representing 9,028,364 equity shares out of the company's total 13,266,764 shares, achieving a voting turnout of 68.05%. The resolution required a special resolution and received strong support across shareholder categories.

Category-wise Voting Breakdown

The voting results showed unanimous support from the Promoter and Promoter Group, while Public Non-Institutions demonstrated strong backing for the resolution.

Process Timeline and Compliance

The postal ballot process followed all regulatory requirements under the Companies Act, 2013, and SEBI regulations. Key timeline details include:

• Postal Ballot Notice Date: January 20, 2026
• Cut-off Date: January 16, 2026
• E-voting Period: January 20, 2026 (9:00 AM) to February 18, 2026 (5:00 PM)
• Total Shareholders on Record: 2,424

The company engaged National Securities Depository Limited (NSDL) to provide remote e-voting facilities through their website. Notice was distributed electronically to members with registered email addresses and published in newspapers including "Free Press Gujarat" and "Lokmitra" on January 20, 2026.

Scrutinizer's Confirmation

CS Haresh Kapuriya from KH & Associates, serving as the appointed scrutinizer, confirmed the validity of the voting process and results. The scrutinizer's report verified that all 9,028,364 votes cast through the e-voting system were valid, with no invalid votes recorded. The resolution was deemed passed with the requisite majority as per regulatory requirements.

Director Appointment Details

The approved resolution regularizes the appointment of Mr. Prashant Kumar Gupta (DIN: 11377977) as a Non-Executive Independent Director of the company. This appointment strengthens the company's board composition and governance structure, reflecting shareholders' confidence in the proposed leadership addition.

WAA Solar Limited , a key player in the solar energy sector, has issued a postal ballot notice seeking shareholder approval for the regularization of its recently appointed Independent Director. The company continues to strengthen its governance framework through strategic board appointments and transparent shareholder engagement.

Postal Ballot Notice and E-Voting Process

The company has issued a postal ballot notice dated January 19, 2026, under Regulation 30 of SEBI Listing Regulations, seeking member approval for regularization of Mr. Prashant Kumar Gupta's appointment as Non-Executive Independent Director. The key details of the postal ballot process are outlined below:

Director Appointment Details

The postal ballot seeks approval for regularization of Mr. Prashant Kumar Gupta's appointment, who was initially appointed by the Board of Directors. The appointment particulars are presented below:

Professional Background and Expertise

Mr. Prashant Kumar Gupta brings significant financial and compliance expertise to the board. His professional profile demonstrates relevant experience for the Independent Director role:

Scrutinizer and Compliance Framework

WAA Solar has appointed Mr. Haresh Kapuriya, Practicing Company Secretary and Partner of M/s. K H and Associates, as the Scrutinizer for conducting the postal ballot process. The company has engaged NSDL to facilitate remote e-voting, ensuring members can cast their votes electronically instead of physical postal ballot forms.

The postal ballot notice has been sent electronically to all eligible members whose email addresses are registered with the depositories (NSDL and CDSL) and the company's Registrar and Transfer Agent, Bigshare Services Private Limited. The results will be announced within two working days from the end of the e-voting period and will be communicated to BSE Limited and published on the company's website.

This governance initiative reflects WAA Solar's commitment to maintaining transparent board composition and ensuring proper regulatory compliance in the appointment of Independent Directors.