Solar Industries India Limited has announced that its subsidiary has secured significant export orders worth ₹589 crores for defence products from international clients. The company disclosed this major development through a regulatory filing, highlighting the growing strength of its defence export business.

Order Details and Execution Timeline

The export orders represent a substantial addition to the company's order book, with delivery scheduled over a 4-year period. The comprehensive nature of these orders underscores Solar Industries' subsidiary's growing presence in the international defence market.

Regulatory Compliance and Transparency

The company has fulfilled all regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Key Compliance Highlights

The regulatory filing provides comprehensive details about the order structure and compliance parameters:

Strategic Significance

This substantial order win demonstrates Solar Industries' subsidiary's capabilities in the defence sector and its ability to compete effectively in international markets. The 4-year execution timeline provides revenue visibility and strengthens the company's position in the global defence supply chain.

The announcement was signed by Suresh Menon, Director of Solar Industries India Limited, confirming the company's commitment to transparent communication with stakeholders and regulatory compliance.

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.