INA · price
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The board of Insolation Energy approved migrating the company's equity shares from the BSE SME platform to the main board of BSE, along with a direct listing on the main board of NSE. A postal ballot notice was issued, likely to seek shareholder approval for the migration. Holani Consultants has been appointed as merchant banker to manage the migration and NSE listing process. Additionally, M/s. Bhawika Ramnani & Co. has been appointed as Secretarial Auditor for five years (FY2025-26 to FY2029-30), subject to AGM approval. The board also noted the Monitoring Agency Report from CARE Ratings on the use of proceeds from the earlier preferential equity issue for the quarter ended 30th June 2025.
Migrating from the SME platform to the main boards of BSE and NSE is generally a positive step for shareholders, as it brings wider visibility, potential inclusion in more indices, and improved liquidity. However, the move requires shareholder approval through the postal ballot and regulatory clearances before it becomes effective.