AGM results: all 8 resolutions passed, new auditor and Rs 5,000 cr borrowing limit approved
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Insolation Energy held its 11th AGM on Sept 28, 2026 with all 8 resolutions passing. FY26 audited financials were adopted with 99.95% approval. Statutory auditor was changed from M/s. Badaya and Co to M/s. ARS and Company (99.92% in favour). Manish Gupta was re-appointed as Chairman and Vikas Jain as Managing Director, each for 5 more years, with 99.28% approval. Shareholders also cleared a Special Resolution allowing charges on company assets up to Rs 5,000 crores (99.11%). Around 30 percent of institutional investors voted against the two director re-appointments and the borrowing limit resolution.
Routine AGM business completed. New auditor onboarded, top management retained, and a large borrowing headroom of Rs 5,000 cr cleared, hinting at future expansion or debt plans.