We wish to inform you that notice of the 3rd AGM of the company will be held on Friday, September 05,2025 at 04:00 P.M. The notice of AGM is attached herewith.
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Solarium Green Energy Limited has called its 3rd AGM for Friday, September 5, 2025, at 4:00 PM via video conferencing. Ordinary business includes adopting the FY25 audited standalone and consolidated financial statements, re-appointing Chairman & Managing Director Ankit Garg (who retires by rotation), and re-appointing M/s. Abhishek Kumar & Associates as statutory auditors for a 4-year term until the 7th AGM in 2029. Special business seeks shareholder approval to let the Board borrow up to Rs. 500 crore beyond paid-up capital and free reserves, and to create charges on company assets as security. The notice also seeks ratification of the ESOP-2024 scheme, extension of ESOP benefits to subsidiary employees, and a proposal to increase the ESOP pool size from 3 lakh to 8 lakh options (face value Rs. 10 each). Finally, shareholders will vote on paying up to Rs. 8 lakh per month as remuneration to Mr. Nikhil Bansal, husband of Director Mrs. Priya Bansal, for the role of Senior Advisor – Strategy & Growth. E-voting runs September 2–4, 2025, with August 29, 2025 as the cut-off date.
Investors should watch three areas: (1) the Rs. 500 crore borrowing ceiling, which signals potential expansion or capex plans that could increase debt; (2) the proposed ESOP pool expansion from 3 lakh to 8 lakh shares, which may dilute existing shareholders if options are exercised; and (3) the related-party remuneration to a director's spouse, which minority shareholders may want to scrutinize for fairness.