Solarworld Energy Solutions Limited has informed the Exchange regarding Outcome of Board Meeting held on May 01, 2026.
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The Board of Directors of Solarworld Energy Solutions Limited met on May 1, 2026 and approved the appointment of four new Additional Independent Directors: Mr. Rajiv Gupta (former CEO of NTPC Green Energy), Ms. Ritu Hastir (logistics and shipping professional), Mr. Subhash Kumar Changoiwala (Chartered Accountant with 42 years experience), and Mr. Upendra Goyal (former Executive Director Finance at ONGC). All four appointments are for a 5-year term as Non-Executive Independent Directors, subject to shareholder approval. The Board also approved alteration of the Memorandum of Association by deleting food products business clauses and inserting new sub-clauses under Sections 179, 180, 185, and 186 of the Companies Act, 2013. A postal ballot will be conducted for shareholder approvals.
Addition of four experienced independent directors strengthens board governance and independence. The MOA alteration indicates a strategic shift away from food products business toward energy and infrastructure sectors.