Solarworld Energy Solutions Limited has informed the Exchange regarding Outcome of Board Meeting held on May 01, 2026.
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The board appointed four new Additional Independent Directors effective May 1, 2026. Mr. Rajiv Gupta is a former CEO of NTPC Green Energy with 35 years in power and renewable energy. Ms. Ritu Hastir brings logistics and shipping industry experience. Mr. Subhash Kumar Changoiwala is a Chartered Accountant with 42 years in accounts, finance and taxation. Mr. Upendra Goyal is a former Executive Director (Finance) at ONGC with four decades of finance and corporate governance expertise. All four appointments are for a 5-year term as Independent Directors, subject to shareholder approval. The board also approved alteration of the Memorandum of Association to delete food products business clauses and insert new clauses under the Companies Act, with shareholder approval to be sought via postal ballot.
Appointment of four experienced independent directors strengthens board governance and adds deep expertise in energy, finance and corporate governance. This restructuring may boost investor confidence and improve strategic oversight.