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 26th ....
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Awaiting price reaction for this filing.
Insolation Energy Ltd conducted a postal ballot (notice dated 26th May 2025) to seek shareholder approval for appointing Dr. Subir Bikas Mitra (DIN: 08321265) as a non-executive Independent Director. E-voting closed on 4th July 2025, with 6,460 shareholders on record as of 30th May 2025. A total of 148,468,500 shares were polled, representing 67.38% of total outstanding shares (220,343,000). The resolution was passed with overwhelming support — 99.98% of votes in favour and just 30,000 votes (0.02%) against. Promoters voted 100% in favour, public institutions voted 100% in favour on polled shares, and public non-institutions voted 98.71% in favour.
This is a routine corporate governance update with no material financial impact. The near-unanimous approval reflects strong shareholder confidence in the board appointment, and the stock price is unlikely to react meaningfully.