Websol Energy System Limited has initiated a postal ballot to seek shareholder approval for the re-appointment of Ms. Sanjana Khaitan as Wholetime Director (Executive) for a three-year term. This move comes after the proposal was narrowly rejected at the company's Annual General Meeting held on September 29, 2025.

Key Details of the Proposal

Background and Qualifications

Ms. Khaitan, aged 28, brings a strong educational background to the role:

• Bachelor's degree in Commerce from Shri Ram College of Commerce, University of Delhi
• Postgraduate degree in Finance from Judge Business School, University of Cambridge

Contributions to Websol Energy System

Since joining the company, Ms. Khaitan has played a crucial role in:

• Executing Phase I: 600 MW Solar Cell Line and 550 MW Solar Module Line
• Implementing Phase II: Additional 600 MW Solar Cell Line

Her leadership has been instrumental from the dismantling of the old plant to the successful commissioning of new facilities.

Company's Future Plans

Websol Energy System has plans to establish:

• 4 GW Solar Cell Line
• 4 GW Solar Module Line

The Nomination and Remuneration Committee considers Ms. Khaitan's continued involvement critical for realizing these projects.

Voting Process

• Remote e-voting period: October 24, 2025 (9:00 A.M. IST) to November 22, 2025 (5:00 P.M. IST)
• Cut-off date for eligible shareholders: October 10, 2025
• E-voting services provided by: National Securities Depository Limited (NSDL)

Shareholders are encouraged to participate in the voting process to determine the future leadership of Websol Energy System.

Corporate Governance Considerations

The re-nomination of Ms. Khaitan, despite the previous rejection at the AGM, underscores the board's confidence in her abilities. However, it also raises questions about shareholder sentiment and the company's responsiveness to investor concerns. The outcome of this postal ballot will be a significant indicator of shareholder alignment with the board's vision for the company's future.

Websol Energy System Limited , a key player in the energy sector, has announced significant corporate governance changes following a board meeting held on October 17th, 2025. The company's Board of Directors has approved the re-appointment of Ms. Sanjana Khaitan as Whole-time Director, subject to shareholder approval.

Key Developments

1. Re-appointment of Whole-time Director

   • The board has approved the re-appointment of Ms. Sanjana Khaitan as Whole-time Director for a three-year term.
   • This decision is subject to shareholder approval through a postal ballot.

2. Postal Ballot

   • The company will conduct a postal ballot to seek shareholder approval for Ms. Khaitan's re-appointment through an ordinary resolution.

3. Equity Share Subdivision

   • Websol Energy System Limited expects to complete its equity share subdivision process by November 2025.

About Ms. Sanjana Khaitan

Board Meeting Details

The re-appointment of Ms. Khaitan aligns with Regulation 17 (1C) (b) of SEBI (LODR) Regulations, 2015. This move suggests the company's confidence in her leadership and her potential contribution to Websol Energy System's future growth and operations.

The upcoming postal ballot for shareholder approval and the planned equity share subdivision indicate that Websol Energy System is taking proactive steps in its corporate governance and capital structure management. These actions may have implications for the company's ownership structure and potentially its market valuation.

Investors and stakeholders will be keenly watching these developments, particularly the outcome of the postal ballot and the completion of the share subdivision process. These changes could potentially impact the company's governance structure and market dynamics in the coming months.