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 23rd ....
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Insolation Energy Ltd has announced the results of its postal ballot concluded on 28th November 2025, with all 6 special resolutions approved by shareholders. The resolutions include the appointment of Mr. Rajiv Jain (DIN: 11247215) as a Non-Executive Independent Director, and key financial authorizations allowing the company to borrow up to Rs. 5,000 crores, create charges on assets up to the same limit, and give loans, guarantees, or make investments under Sections 185 and 186 of the Companies Act. A housekeeping amendment to delete the common seal clause from the Articles of Association was also passed. All resolutions received over 99.84% votes in favor, with promoters (holding about 14.56 crore shares) voting 100% in favor across all items. Out of 11,634 shareholders on the cut-off date, around 66% of total outstanding shares (22.03 crore) were polled through remote e-voting.
Shareholders have cleared a significant borrowing and investment headroom of up to Rs. 5,000 crores, giving the company strong financial flexibility for expansion, acquisitions, or debt funding. The board appointment strengthens independent oversight, while the AOA amendment is a routine compliance update. Overall, the near-unanimous approval signals strong promoter and institutional support, though retail public shareholders showed meaningful dissent (38-48%) on borrowing and loan-related resolutions, suggesting some minority concern about leverage.