News Stocks Solana Biofuels Limited Shareholders Approve Appointment of Two Independent DirectorsSolana Biofuels Limited Shareholders Approve Appointment of Two Independent Directors
Solana Biofuels Limited conducted its 1st EGM in FY 2025-26 on February 02, 2026, with shareholders unanimously approving the appointment of two Non-Executive Independent Directors. Mrs. Shravya Kondapalli and Dr. Divya Sunitha Raj Burra were appointed through special resolutions that received 100% support from voting shareholders. The meeting saw participation from 5 out of 7 total shareholders, with 44999000 votes cast entirely in favor of both resolutions through combined e-voting and physical polling processes.
*this image is generated using AI for illustrative purposes only.
Solana Biofuels Limited (formerly Southern Online Bio Technologies Limited) has successfully concluded its 1st Extraordinary General Meeting (EGM) in FY 2025-26, with shareholders unanimously approving key board appointments. The meeting, held on February 02, 2026, at the Anion Conference Room in Hyderabad, focused on strengthening the company's board structure through the appointment of two new independent directors.
Meeting Overview and Participation
The EGM witnessed strong participation from the company's shareholder base. Out of 7 total shareholders on the record date, 5 promoter and promoter group members attended the meeting in person, while no public shareholders were present.
| Parameter: | Details |
|---|---|
| Meeting Date: | February 02, 2026 |
| Total Shareholders on Record: | 7 |
| Promoter Group Attendance: | 5 (in person) |
| Public Attendance: | 0 |
| E-voting Period: | January 30 - February 01, 2026 |
Board Appointments Approved
Both resolutions on the agenda received unanimous support from shareholders. The appointments were structured as special resolutions, reflecting their significance for the company's governance framework.
Resolution 1: Appointment of Mrs. Shravya Kondapalli (DIN: 11378639) as Non-Executive Independent Director received complete shareholder backing.
Resolution 2: Appointment of Dr. Divya Sunitha Raj Burra (DIN: 03412586) as Non-Executive Independent Director was similarly approved without opposition.
Voting Results and Process
The voting process combined electronic voting and physical polling at the meeting venue. The comprehensive voting mechanism ensured maximum shareholder participation and transparency.
| Voting Method: | Votes Cast | Percentage |
|---|---|---|
| E-voting (Promoter Group): | 44997000 | 100% |
| Physical Poll: | 2000 | - |
| Total Votes: | 44999000 | 100% |
| Votes in Favor: | 44999000 | 100% |
| Votes Against: | 0 | 0% |
Regulatory Compliance and Documentation
The company maintained full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, particularly Regulation 44(3). Jineshwar Kumar Sankhala from P.S. Rao & Associates served as the scrutinizer, ensuring the voting process met all regulatory standards.
The e-voting facility was provided through Central Depository Services (India) Limited (CDSL), with the cut-off date set as January 24, 2026. All voting records and poll papers were properly sealed and handed over to the company secretary for safekeeping.
Company Leadership
Dr. Devaiah Pagidipati, Chairman & Managing Director (DIN: 05147621), signed the voting results submission to BSE Limited on February 03, 2026. The company operates from its registered office in Hyderabad, with manufacturing units in Telangana and Andhra Pradesh.
19
