Insolation Energy Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
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Insolation Energy Limited's shareholders approved the appointment of Mr. Shreemat Pandey as a Non-Executive Independent Director through a postal ballot conducted between 19 March and 17 April 2026. The special resolution received overwhelming support, with 146,840,740 votes in favour (99.85%) against just 214,550 votes against (0.15%) out of 147,055,290 total votes polled. Promoter and promoter group voted unanimously in favour (145,699,000 votes, 100%). However, public non-institutional shareholders showed notable dissent, with 56.05% voting against the resolution (214,550 out of 382,790 votes polled in that category). The scrutinizer, M/s Pinchaa & Co., confirmed the voting was conducted fairly via NSDL's e-voting platform.
The appointment of Mr. Shreemat Pandey as Independent Director is now effective, strengthening the board's independence. However, the significant opposition from non-institutional public shareholders (56% against) signals some retail investor concern that may weigh on sentiment despite the overall passage.