E-voting Result and Scrutinizer Report of the Postal Ballot
INA · price
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Insolation Energy Ltd concluded a Postal Ballot on 10th October 2025, where shareholders approved two special resolutions with 100% votes in favour. Resolution 1 approves the company's migration of its equity shares from the BSE SME platform to the BSE main board. Resolution 2 approves the company applying for direct listing of its equity shares on the main board of NSE. Out of 22,03,43,000 total shares, 15,76,72,000 shares (71.56%) were polled, and every single vote was cast in favour of both resolutions with zero dissent. Promoters (holding 14,56,25,500 shares, about 66% of equity) voted unanimously in favour. There were 8,847 shareholders on record as of the 5th September 2025 cut-off date.
This is a significant milestone for Insolation Energy as it transitions from the BSE SME platform to the main board and also seeks NSE listing. Main board migration typically brings higher liquidity, broader institutional participation, better index inclusion prospects, and enhanced visibility, which are generally positive signals for shareholders and the stock price over the medium term.