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 , a prominent player in the industrial explosives sector, has initiated a postal ballot process to seek shareholder approval for the appointment of two new Independent Directors to its Board. This move, announced through a postal ballot notice, reflects the company's commitment to strengthening its corporate governance structure.

Key Appointments

The company is proposing to appoint two seasoned professionals as Independent Directors:

1. Smt. Girija Balakrishnan (DIN: 06841071): A legal expert with over 31 years of experience in corporate laws, mergers and acquisitions, and foreign direct investments.

2. Shri Viswanathan Lakshmanan (DIN: 00193056): A veteran with 42 years of leadership experience across various industries, including financial services, information technology, and pharmaceuticals.

Voting Process and Timeline

Solar Industries has outlined the following schedule for the e-voting process:

The company has engaged the services of National Securities Depository Limited (NSDL) to facilitate the remote e-voting process, ensuring a secure and transparent voting mechanism for shareholders.

Terms of Appointment

Both nominees are proposed to be appointed for a term of five years:

• Smt. Girija Balakrishnan's term would commence from September 18, 2025
• Shri Viswanathan Lakshmanan's term would start from October 18, 2025

The appointments are subject to shareholder approval through special resolutions.

Corporate Governance Implications

These appointments, if approved, are expected to bring diverse expertise to Solar Industries' Board. Smt. Balakrishnan's legal acumen and Shri Lakshmanan's cross-industry leadership experience could potentially enhance the company's strategic decision-making capabilities and regulatory compliance.

The move aligns with the recent amendments to SEBI Listing Regulations, which require listed entities to obtain shareholder approval for director appointments within three months or at the next general meeting, whichever is earlier.

Shareholders are encouraged to participate in the e-voting process to exercise their right in this important corporate governance matter. The outcome of this postal ballot could significantly influence the composition and expertise of Solar Industries' Board of Directors in the coming years.