Please find enclosed herewith a copy of Notice of Postal Ballot (''Notice'') of Insolation Energy Limited (''the Company'') dated 23rd October, 2025, along with the explanatory statement ....
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Insolation Energy Limited has issued a Postal Ballot notice for shareholder approval on six special business items via e-voting from October 30 to November 28, 2025. Key resolutions include: (1) appointment of Mr. Rajiv Jain (DIN: 11247215) as Non-Executive Independent Director for a 5-year term (Oct 10, 2025 to Oct 9, 2030); (2) authorization to borrow up to Rs. 5,000 Crores under Section 180(1)(c); (3) authorization to create charges/mortgages on company assets up to Rs. 5,000 Crores; (4) authorization to give loans, guarantees, or securities up to Rs. 5,000 Crores under Section 185 to eight specified entities including Insolation Green Energy Pvt Ltd, Insolation Green Infra Pvt Ltd, and several MGVI Green Infra group companies; (5) general authorization for loans, guarantees, and investments up to Rs. 5,000 Crores under Section 186; and (6) amendment to Articles of Association to remove the common seal clause. The cut-off date for eligibility is October 24, 2025, with results expected within two working days after voting concludes.
The proposed Rs. 5,000 Crore borrowing limit and related inter-corporate lending to multiple group entities (including MGVI Green Infra companies) signals aggressive expansion plans likely tied to renewable energy project execution, which could significantly increase leverage. Shareholders should evaluate whether this scale of capital raising and intra-group financial support is justified by the company's growth outlook, as it represents a substantial increase in the company's borrowing and lending capacity.