Insolation energy Limited has submitted its Secretarial Compliance Report to BSE Limited for the period from 1st April 2024 to 31st December 2025. The submission was made on 28th January 2026 by Company Secretary Nitesh Sharma under Regulation 15 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Report Purpose and Scope

The Secretarial Compliance Report has been prepared specifically to meet the requirements applicable for Main Board migration. As an SME listed company, Insolation Energy Limited is exempt from compliance with corporate governance requirements outlined under Regulations 17 to 27 of SEBI (LODR) Regulations, 2015, making this submission for informational purposes.

Compliance Assessment

The report was certified by Loveneet Handa & Associates, a Practicing Peer Reviewed Company Secretary Firm (Peer Review Certificate No. 5316/2023). The certification covers compliance with multiple SEBI regulations and acts, including:

• Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018
• Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015
• Securities Contracts (Regulation) Act, 1956

Key Compliance Areas

The report confirms the company's adherence to various regulatory requirements during the review period:

No Violations Reported

The compliance report indicates no deviations from applicable regulations during the review period. The company has maintained full compliance with all SEBI regulations, circulars, and guidelines. No actions have been taken against the company, its promoters, directors, or subsidiaries by SEBI or stock exchanges.

Certification Details

The report was signed by Loveneet Handa, Proprietor of Loveneet Handa & Associates, with COP No. 10753 and M. No. 9055. The certification was issued on 23rd January 2026 from Delhi, with UDIN: F009055G003474374. The firm holds Peer Reviewed Certificate No. 5316/2023.

Migration Context

The report specifically mentions that it has been issued for the purpose of making application for migration of shares from BSE SME board to main board and direct listing/trading of shares to NSE. This indicates the company's strategic move towards broader market access and enhanced liquidity for its shareholders.

Insolation Energy Limited has achieved a significant milestone by receiving in-principle approval from BSE Limited to migrate its equity shares from the BSE SME Platform to the BSE Mainboard. The approval, dated January 23, 2026, represents a major step forward for the renewable energy company in accessing broader capital markets and enhanced liquidity for its shareholders.

Approval Details and Timeline

The BSE communicated its approval through letter reference no. LO/MG/PJ/IP/673/2025-26 dated January 23, 2026. This approval comes in response to Insolation Energy's application submitted on December 12, 2025, which was reviewed and approved by the Internal Regulatory Oversight and Review Group of the Exchange.

Compliance Requirements and Next Steps

To complete the migration process, Insolation Energy must fulfill several mandatory requirements within the 45-day validity period. The company needs to submit a comprehensive set of documents and complete specific formalities as prescribed by BSE.

The key requirements include:

• Letter of application for listing of shares on Main Board
• Information Memorandum in the format prescribed under Section 26 of the Companies Act 2013
• Listing Agreement as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Latest shareholding pattern as per SEBI circular no. CIR/CFD/CMD/13/2015 dated November 30, 2015
• Financial statements as per Regulation 33 of SEBI LODR Regulations, 2015

Financial Obligations

The migration process involves specific fee payments that the company must complete as part of the listing formalities.

Regulatory Compliance Framework

Upon successful migration to the BSE Mainboard, Insolation Energy will become subject to enhanced regulatory requirements. All provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 will become applicable from the first date of trading on the Main Board.

This includes comprehensive corporate governance provisions that will strengthen the company's governance framework and provide greater transparency to stakeholders. The enhanced regulatory environment will also provide investors with additional protections and disclosure requirements.

Current Status and Future Timeline

Company Secretary and Compliance Officer Nitesh Sharma confirmed that Insolation Energy is currently processing the final listing formalities as prescribed by the Exchange. The company has committed to keeping BSE informed about further developments, including the announcement of the effective date for mainboard trading.

The 45-day validity period provides a clear timeline for completion, after which the company can apply for extensions as per BSE checklist requirements if additional time is needed to complete the migration process.