Postal ballot results: two special resolutions passed with around 99.95% approval
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Insolation Energy announced results of its postal ballot that closed on 3rd July, 2026. Both special resolutions were approved by shareholders with about 99.95% votes in favour. Resolution 1 approves continuation of Mr. Anil Kumar Gupta as Non-Executive Independent Director. Resolution 2 approves amendment to the ESOP 2024 employee stock option plan. About 14.71 crore shares were polled, equal to 66.74% of outstanding shares across 24,129 shareholders. Promoters voted unanimously, while public non-institutional shareholders showed about 17% dissent on both resolutions.
Director's term is secured and ESOP 2024 amendment is cleared, allowing the company to proceed with employee stock grants as planned. Low public dissent unlikely to move the stock.