Voting Results and Scrutinizer''s Report
Awaiting price reaction for this filing.
Solana Biofuels held its 1st EGM of FY 2025-26 on February 2, 2026, where two special resolutions were approved unanimously with 100% votes in favour. Both resolutions were for appointing new Non-Executive Independent Directors: Mrs. Shravya Kondapalli (DIN: 11378639) and Dr. Divya Sunitha Raj Burra (DIN: 03412586). All 44,999,000 votes polled on each resolution were in favour, with zero votes against and no invalid votes. The company has only 7 shareholders on record date, and the promoter group holds the entire 45,000,000 share capital — so all voting came from the promoter side. The scrutinizer (P.S. Rao & Associates) confirmed both resolutions were passed with the requisite majority.
The board gains two new independent directors, a step toward strengthening corporate governance and meeting listing-norm requirements. However, the extremely closely-held structure means retail/public shareholders had no participation at all, so this event reflects board formalisation rather than a meaningful shareholder vote.