Insolation Energy Ltd

AGM details

• AGM held on 28 September 2026 at 3:00 PM IST via VC/OAVM.
• Record date: 21 September 2026; 32,703 shareholders on record.

Resolutions and outcomes

• Adopt audited standalone and consolidated financial statements for FY ended 31 March 2026.
• Result: Passed with about 99.95% in favour.
• Re-appoint Ekta Jain as Director by rotation.
• Result: Passed with about 99.86% in favour.
• Re-appoint Manish Gupta as Director by rotation.
• Appoint ARS & Company as Statutory Auditors; fix remuneration.
• Result: Passed with about 99.92% in favour.
• Ratify remuneration payable to Cost Auditors for 2026-27.
• Re-appoint Manish Gupta as Whole Time Director for five years.
• Result: Passed with about 99.28% in favour.
• Re-appoint Vikas Jain as Managing Director for five years.
• Special resolution: Charge/hypothecation/mortgage on assets up to Rs 5000 crores.
• Result: Passed with about 99.11% in favour.

Director changes

• Ekta Jain re-appointed as director by rotation.
• Manish Gupta re-appointed as Director and Chairman (WTD) for five years.
• Vikas Jain re-appointed as Managing Director for five years.

Auditors and remuneration

• Statutory Auditor ARS & Co appointed in place of Badaya & Co.
• Remuneration for ARS & Co to be fixed.
• Cost Auditors remuneration ratified for FY 2026-27.

AGM details

• Held on 28 September 2026 at 3:00 PM via VC/OAVM.
• Remote e-voting from 23–27 September 2026; e-voting during AGM conducted.
• Meeting concluded at 3:44 PM; quorum present.

Key resolutions

• Resolution 1 (Ordinary): Adopt audited standalone and consolidated financial statements for the year.
• Resolution 2 (Ordinary): Re-appoint Ekta Jain as director.
• Resolution 3 (Ordinary): Re-appoint Manish Gupta as director.
• Resolution 4 (Ordinary): Appoint ARS & Company as statutory auditors; remuneration fixed.
• Resolution 5 (Ordinary): Ratify remuneration of Cost Auditors.
• Resolution 6 (Ordinary): Re-appoint Manish Gupta as Whole-Time Director for five years.
• Resolution 7 (Ordinary): Re-appoint Vikas Jain as Managing Director for five years.
• Resolution 8 (Special): Authorize charge on assets up to Rs 5000 crores.

Voting results

• Voting results to be declared later; not disclosed in AGM summary.

Share Capital / ESOP Update

• The Nomination and Remuneration Committee approved allotment of 46,750 equity shares under ESOP 2024.
• Issued share capital increases to 22,04,98,625 from 22,04,51,875.
• Date of issue of shares: 28 September 2026.
• Exercise price per share: Rs. 3.8; premium: Rs. 2.8 per share.
• Total issued shares after issue: 22,04,98,625; ISIN: INE0LGX01024.

ESOP Grant Details

• Nomination and Remuneration Committee approved grant of 106,500 ESOPs under ESOP 2024 at Rs 3.80 per option.
• Total grant size: 2,000,000 options; tranche 9.
• Vesting 1–5 years from grant date; 18-month exercise period from vesting.

Appointment of Addl Independent Woman Director

• Appointment of Mrs. Usha Sharma as Addl Director, Non-Executive Independent Woman Director, effective 28 Sept 2026.
• Term: five-year, 28 Sept 2026 to 27 Sept 2031; eligible for re-appointment.
• Subject to shareholder approval; not liable to retirement by rotation.
• Not debarred from holding director office by SEBI or other authorities.
• Profile: IAS officer since 1985; former Chief Secretary, Rajasthan; BA Chemistry, Delhi University.
• No relationship with any director or KMP.

Director appointment and related approvals

• Appointment of Mrs. Usha Sharma as Additional Director (Non-Executive Independent Women Director) for five years.
• Effective from 28 September 2026.
• Subject to shareholders' approval.
• Remuneration payable to Non-Executive Directors by way of commission or otherwise, subject to shareholders' approval.
• Notice of Postal Ballot.

Insolation Energy Ltd — Trading Window closed from 01 October 2026 till 48 hours after the declaration of the Unaudited Financial Results for the quarter and half year ending on 30 September 2026

Meeting details

• Non-deal roadshow on 26 August 2026; no time disclosed.
• In-person group meeting for a non-deal roadshow in Mumbai.
• Event: Non-Deal Roadshow.
• Company representatives (roles not specified) participated.

Purpose

• Investor interaction; UPSI not discussed.