Resignation of Mrs. Priya Bansal as Non-Executive Director w.e.f 29th May, 2026.
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The Board of Solarium Green Energy Ltd accepted the resignation of Mrs. Priya Bansal as Non-Executive Director effective May 29, 2026, citing personal reasons. Concurrently, Mrs. Aditi Goyal was appointed as an Additional (Non-Executive) Director from the same date, subject to shareholder approval at the next General Meeting. Notably, Mrs. Goyal is the spouse of Mr. Ankit Garg, the Chairman & Managing Director of the company. The company also reported strong FY2026 financial results with standalone revenue from operations of ₹36,815.10 Lakhs (up 60% YoY) and profit before tax of ₹2,654.70 Lakhs. However, basic EPS declined to ₹9.81 from ₹11.65 in the previous year. The statutory auditors issued an unmodified opinion on the financial statements. All IPO funds (₹10,504.24 Lakhs) have been fully utilized as per the allocated purposes.
The appointment of the CMD's spouse to the board raises potential governance concerns and may attract regulatory scrutiny. While financial performance remains strong, the family-connected appointment and director resignation could create uncertainty among institutional investors regarding board independence.