Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, Please find enclosed ....
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Insolation Energy Limited has issued a postal ballot notice seeking shareholder approval for two special resolutions. Resolution 1 seeks consent to migrate the company's equity shares from BSE's SME platform to BSE's Main Board. Resolution 2 seeks approval to apply for direct listing and trading on the Main Board of NSE. The company has been listed on the BSE SME platform since 10th October, 2022, and becomes eligible for main board migration after completing three years on 10th October, 2025. The paid-up equity share capital is Rs. 22,03,43,000, comprising 22,03,43,000 equity shares of face value Rs. 1 each. E-voting will begin on 11th September, 2025 at 09:00 AM and end on 10th October, 2025 at 05:00 PM, with NSDL providing the e-voting facility. Both resolutions need non-promoter shareholder votes in favor to be at least twice the votes against, per SEBI ICDR Regulation 277.
If approved, the migration to BSE Main Board and direct NSE Main Board listing should broaden investor reach, improve liquidity, and increase visibility among retail and institutional investors, which could positively influence trading volumes for existing shareholders.