Indosolar Limited has submitted the Exchange a copy of Srutinizers report of Postal Ballot along with a copy of minutes.
WAAREEINDO · price
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Indosolar Limited has announced the results of its postal ballot concluded on July 15, 2025, with both resolutions passed by shareholders. The first resolution (ordinary) approved the appointment of Mr. Amit Ashok Paithankar (DIN: 02435057) as Non-Executive Director, while the second (special) approved the appointment of Mr. Mahesh Ramchand Chhabria (DIN: 00166049) as Independent Director. Out of 41,603,691 total shares, 39,584,290 votes (95.15%) were polled, with 99.9994% voting in favor of both resolutions. Promoter group, holding 39,523,505 shares, voted 100% in favor, while public non-institutions polled 60,785 shares with about 99.59% in favor. Puneet Motwani & Associates acted as the scrutinizer for the remote e-voting process.
Both director appointments have received overwhelming shareholder approval, signalling strong support for the company's board composition. This is a routine governance matter with negligible impact on stock price, though the addition of a new Independent Director strengthens board oversight.