Solar Industries India Limited , a prominent player in the Indian industrial sector, has announced a change to its board of directors. The company has appointed Shri Ramesh M. Bhujang as an Additional Director, designated as a Non-Executive Independent Director, for a term of two years.

Key Details of the Appointment

Professional Background of Ramesh M. Bhujang

Shri Ramesh M. Bhujang brings experience to Solar Industries India Limited, with over four decades of expertise in key financial sectors:

• Banking
• Infrastructure finance
• Industrial development

Previous Roles and Education

• Master's in Development Management from Asian Institute of Management |

The appointment of Shri Bhujang is a move by Solar Industries India Limited, potentially aimed at leveraging his experience in finance and development to guide the company's future growth and strategic decisions. His background in both domestic and international financial institutions could provide insights for the company's operations and expansion plans.

It's important to note that while the board of directors has approved this appointment, it remains subject to shareholder approval, as is standard practice for such high-level corporate appointments.

This addition to the board underscores Solar Industries India Limited's commitment to strengthening its governance structure with experienced professionals.

Solar Industries India Limited has announced the results of its postal ballot process for the appointment of two Independent Directors, with both appointments being deemed approved under special SEBI regulations despite not achieving the requisite majority in traditional voting.

Postal Ballot Results Overview

The e-voting process, conducted from November 18 to December 17, 2025, saw participation from 975 members out of 112,149 total shareholders as of the cut-off date of November 11, 2025. The company utilized National Securities Depository Limited (NSDL) services for the remote e-voting mechanism.

Voting Results for Director Appointments

Smt. Girija Balakrishnan (DIN: 06841071)

The voting results for the first resolution showed mixed support across different shareholder categories:

Shri Viswanathan Lakshmanan (DIN: 00193056)

The second resolution received similar voting patterns with slightly higher overall support:

SEBI Regulation 25(2A) Application

Although both resolutions failed to achieve the requisite majority for special resolutions, they qualified for approval under SEBI Listing Regulations 25(2A). This regulation allows independent director appointments to be deemed approved when:

• Votes in favour exceed votes against the resolution
• Public shareholders' votes in favour exceed votes against

Both appointments have been deemed approved under this provision, with CS Tushar Pahade, the appointed scrutinizer, confirming the validity of the process in his report dated December 18, 2025.

Director Profiles and Terms

Smt. Girija Balakrishnan brings over 31 years of experience in corporate laws, mergers and acquisitions, and foreign direct investments. Her term commenced from September 18, 2025.

Shri Viswanathan Lakshmanan contributes 42 years of leadership experience across financial services, information technology, and pharmaceuticals sectors. His term started from October 18, 2025.

Both directors have been appointed for five-year terms and will enhance the company's corporate governance structure with their diverse expertise in legal and cross-industry leadership domains.