Solar Industries India Limited has announced a major milestone in its defence sector expansion with the commencement of construction for a new Robotics and Unmanned Aerial Vehicle (UAV) manufacturing facility. The company's wholly owned subsidiary, Solar Defence and Aerospace Limited, conducted the Bhoomi Pujan ceremony on March 7, 2026, at the MIHAN Special Economic Zone in Nagpur.

Ceremony Details

The groundbreaking ceremony was graced by distinguished dignitaries, highlighting the strategic importance of this initiative. The following table outlines the key ceremony details:

Strategic Expansion into Defence Technologies

This facility represents a significant step in Solar Industries' strategic expansion into advanced defence technologies. The proposed manufacturing unit will focus on developing cutting-edge solutions that align with India's vision for self-reliance in defence manufacturing. The facility will concentrate on three key areas of development and production.

The manufacturing facility will specialize in the development and production of Unmanned Aerial Vehicles (UAVs), robotics platforms, and next-generation defence technologies. These capabilities are specifically aimed at strengthening indigenous defence manufacturing capabilities and reducing dependence on foreign technology.

Commitment to Indigenous Defence Manufacturing

The establishment of this facility underscores Solar Industries' commitment to supporting the nation's vision for self-reliance in defence manufacturing and technological advancements. The company's expansion into autonomous systems and robotics-enabled solutions positions it as a key player in India's defence manufacturing ecosystem.

The facility at MIHAN SEZ will contribute to the development of indigenous defence technologies, supporting the government's initiatives for strengthening domestic defence capabilities. This strategic move aligns with national priorities for technological advancement and self-sufficiency in critical defence sectors.

Solar Industries India Limited has successfully completed its postal ballot process for the appointment of an Independent Director, with the voting concluding on February 23, 2026. The company submitted the voting results and scrutinizer's report to stock exchanges on February 24, 2026, in compliance with regulatory requirements.

Postal Ballot Process Overview

The postal ballot was conducted exclusively through remote e-voting from January 24, 2026 to February 23, 2026. The process involved 1,15,072 shareholders as of the cut-off date of January 16, 2026. A total of 956 members participated in the electronic voting process through the platform provided by National Securities Depository Limited (NSDL).

Voting Results for Director Appointment

The special resolution for appointing Shri Ramesh Madhavrao Bhujang (DIN: 00194189) as an Independent Director received mixed responses across different shareholder categories. The overall voting pattern showed significant participation from institutional and promoter groups.

Regulatory Compliance and Appointment Status

Although the special resolution failed to achieve the requisite majority, the appointment remains valid under SEBI Listing Regulations. Regulation 25(2A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 provides specific provisions for Independent Director appointments.

The regulation stipulates that when a special resolution for Independent Director appointment fails to get requisite majority but:

• Votes cast in favour exceed votes cast against
• Public shareholders' favourable votes exceed opposing votes

Then the appointment shall be deemed to have been made under sub-regulation (2A). In this case, both conditions were satisfied, making Shri Ramesh Madhavrao Bhujang's appointment as Independent Director legally valid.

Scrutinizer's Report and Compliance

CS Tushar Pahade of T.S. Pahade & Associates served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report confirmed compliance with all applicable provisions of the Companies Act, 2013, and SEBI regulations. The company ensured proper notification through publications in Loksatta (Nagpur Edition) and Business Standard (All India Edition) on January 24, 2026.

The postal ballot notice was dispatched electronically to all eligible shareholders who had registered their email addresses with the company or depositories. The notice was also made available on the company's website and stock exchange platforms for transparency and accessibility.