Indosolar Limited has announced the resignation of Mr. Shiv Kumar Agarwal from his position as Independent Director, effective from the close of business hours on January 28, 2026. The company informed both BSE Limited and National Stock Exchange of India Limited about this board composition change in compliance with regulatory requirements.

Resignation Details

Mr. Shiv Kumar Agarwal (DIN: 05176334) tendered his resignation due to other commitments and personal reasons. The resignation was formally communicated to the company on January 28, 2026 at 19:23 IST. According to the company's disclosure, Mr. Agarwal was not serving as Chairperson or Member of any committee of the company.

Regulatory Compliance

The announcement was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III. The company provided comprehensive details as required under the latest SEBI circulars, including SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Circular SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.

Director's Confirmation

In his resignation letter, Mr. Agarwal confirmed that there are no other material reasons for his resignation beyond those mentioned. The disclosure also noted that the director does not hold directorships in any other listed entities except Indosolar Limited. This confirmation aligns with regulatory requirements for transparency in director resignations.

Company Information

Indosolar Limited operates from its registered office at Unit No. 301, 3rd floor, Building 02, Southern Park, Saket, New Delhi-110017, with its factory located at 3C/1eco Tech -11, Udyog Vihar, Greater Noida – 201306, Uttar Pradesh. The company secretary and compliance officer, Ms. Akalpita Harnish Patel, signed the regulatory filing on January 29, 2026.

Indosolar Limited has issued a comprehensive postal ballot notice to its shareholders, seeking approval for significant corporate governance changes and strategic relocations. The notice, dated January 16, 2026, outlines two critical resolutions that require member approval through the electronic voting process.

Key Resolutions Under Consideration

The postal ballot encompasses two distinct resolutions that will shape the company's future governance structure and operational framework.

E-Voting Schedule and Process

The company has established a comprehensive electronic voting framework to facilitate shareholder participation in the decision-making process.

The Board of Directors appointed Puneet Motwani & Associates, a practicing company secretary firm from Mumbai, as the scrutinizer for conducting the e-voting process. MUFG Intime India Private Limited, formerly Link Intime India Private Limited, will provide the remote e-voting facility to shareholders.

Director Appointment Details

Dr. Jignesh Devchandbhai Rathod brings substantial expertise to the board, with over 18 years of experience in the solar manufacturing and renewable energy sector. Currently serving as Director – Operations at Waaree Energies Limited and designated as the future Chief Executive Officer, Dr. Rathod holds comprehensive qualifications including a Bachelor of Engineering from Gujarat University, an MBA for Working Executives from NMIMS Mumbai, and a Doctorate in Business Administration from Xavier Institute of Business Management Studies.

Registered Office Relocation Rationale

The proposed shifting of the registered office from Delhi to Maharashtra stems from strategic considerations following the Corporate Insolvency Resolution Process. Waaree Energies Limited, which holds 74.93% of Indosolar's equity share capital after the approved resolution plan implementation in April 2022, has its registered office in Mumbai, Maharashtra.

The relocation aims to achieve several operational benefits:

• Enhanced coordination between the holding company and subsidiary operations
• More efficient utilization of managerial time and resources
• Streamlined business conduct and cost optimization
• Seamless management coordination between both entities

Compliance and Regulatory Framework

The postal ballot process adheres to multiple regulatory requirements, including provisions under Sections 108 and 110 of the Companies Act, 2013, Companies (Management and Administration) Rules, 2014, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has ensured compliance with various MCA circulars, including circular no. 09/2024 dated September 19, 2024, and related notifications.

Shareholders can access the postal ballot notice through multiple channels, including the company website at www.indosolar.co.in , BSE website at www.bseindia.com , NSE website at www.nseindia.com , and the registrar's portal at https://instavote.linkintime.co.in . The notice provides comprehensive instructions for various categories of shareholders, including those holding securities in demat mode with NSDL or CDSL, and those maintaining physical share certificates.

The proposed resolutions, if approved, will be deemed passed on February 20, 2026, with results announced within the prescribed timeline and made available across all designated platforms for shareholder access.