Indosolar Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 29, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
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Indosolar Limited held its 16th AGM on August 29, 2025, via video conferencing, and all 6 resolutions were passed with overwhelming majority (over 99.99% in favour). The resolutions included adoption of FY25 audited financial statements, re-appointment of Mr. Viren Chimanlal Doshi (retiring by rotation), appointment of Mr. Shiv Kumar Agarwal as Independent Director (special resolution), approval of Cost Auditor remuneration for FY26, appointment of M/s Jajodia & Associates as Secretarial Auditor for 5 years (FY26–FY30), and approval of Material Related Party Transactions. Voting turnout was strong at about 89.73% of outstanding shares for most resolutions, with promoters (holding 3.73 crore shares) voting fully in favour. However, for the Material RPT resolution, promoters abstained from voting (as they are interested parties), and only about 0.14% of outstanding shares (public non-institutions) voted, with 99.84% in favour.
This is a routine compliance filing confirming AGM outcomes; all key business and governance resolutions were approved, providing clarity on board continuity and auditor appointments. The Material RPT approval with very low public voting participation (only public non-institutions voted) is worth noting, as the decision was effectively driven by a small pool of public shareholders.