Pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, results on the Business transacted through Postal Ballot Notice dated 14th ....
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Insolation Energy Ltd has announced the results of a postal ballot conducted via remote e-voting, with the last date of voting being 10th October 2025. Two special resolutions were put to vote and both were passed unanimously with 100% approval. The first resolution approves the migration of the company's equity shares from the BSE SME platform to the BSE main board. The second resolution approves making an application for direct listing/trading of equity shares on the main board of the National Stock Exchange (NSE). Total votes polled stood at 15.77 crore shares out of 22.03 crore outstanding (71.56% participation), with promoters (14.56 crore shares) and public shareholders (1.18 crore shares) both voting 100% in favour. No votes were cast against either resolution.
This is a positive development for shareholders, as migration from the SME platform to the BSE main board and a potential NSE listing typically brings better liquidity, broader investor visibility, and eligibility for institutional and FII investment. Shareholders may benefit from improved price discovery and re-rating potential once the migration and NSE listing are completed.