Pursuant to Regulation 30 read with the Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015 as amended from time to time we enclose ....
INA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Insolation Energy Ltd announced the results of its Postal Ballot conducted via remote e-voting between 30th October and 28th November 2025. All six special resolutions were passed with overwhelming shareholder approval, with votes in favour exceeding 99.84% on every item. The resolutions cover: (1) appointment of Mr. Rajiv Jain (DIN: 11247215) as a Non-Executive Independent Director for a five-year term from October 2025 to October 2030; (2) and (3) authorisation for the Board to borrow up to Rs. 5,000 crores and create charges on company assets up to the same limit under Sections 180(1)(c) and 180(1)(a); (4) and (5) authorisation to extend loans, guarantees, securities and investments up to Rs. 5,000 crores under Sections 185 and 186, including to eight named group/subsidiary companies such as Insolation Green Energy, Insolation Green Infra, and several MGVI Green Infra entities; and (6) alteration to the Articles of Association to remove the common seal clause, aligning with the Companies Act, 2013. Voting was conducted through NSDL's e-voting platform with Mr. Akshit Kumar Jangid acting as Scrutinizer.
Shareholders have cleared the way for the company to raise up to Rs. 5,000 crores in debt and deploy capital across related entities, signalling potential aggressive expansion or capital restructuring plans. The new independent director and AOA changes are routine governance updates and are unlikely to move the stock on their own.