Solex Energy Limited has informed the Exchange regarding Outcome of Board Meeting held on August 26, 2025.
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Solex Energy's Board of Directors met on August 26, 2025 (1:00 p.m. to 1:55 p.m.) and approved several key items. The Board noted the resignation of M/s HRK & Co., Chartered Accountants as Statutory Auditors effective August 23, 2025, citing increased professional workload and internal realignment of resources. To fill the casual vacancy, M/s Maheshwari & Co. (a 1969-established, peer-reviewed firm empaneled with CAG, RBI, and SFIO) was appointed, with a proposal for a 5-year term running from the 11th AGM to the conclusion of the 16th AGM, subject to shareholder approval. The Board approved the 11th AGM notice for September 29, 2025 at 11:00 a.m. via video conferencing, and appointed M/s RPSS & Co. as scrutinizer for the e-voting process. The Board also fixed a record date for the final dividend eligibility (to be intimated separately) and reviewed and revised the Code of Fair Disclosure of Unpublished Price Sensitive Information (UPSI).
The auditor change appears non-contentious, as the outgoing firm cited workload constraints rather than any disagreement. The incoming auditor, Maheshwari & Co., is a well-established and credentialed firm. Shareholders should watch for the forthcoming intimations on book closure, cut-off date, and the record date for the final dividend. The 11th AGM is set for September 29, 2025.