Announced Mon, 27 Jul · 16:46 IST
Postal Ballot approves re-appointment of Managing Director for 3 years
Management Changes View source PDF
WEBELSOLAR · price
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Price reaction · full curve 14 horizons · vs prior close
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₹99.05
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₹99.49
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AI summary
Shareholders approved the re-appointment of Mr. Sohan Lal Agarwal as Managing Director for 3 years starting April 1, 2026 via postal ballot. Of 16.10 crore valid votes, 14.63 crore (90.86%) voted in favour and 1.47 crore (9.14%) voted against. Promoter group voted 100 percent in favour. Public non-institutional holders largely opposed (95.59 percent against), while institutional holders backed it (99.88 percent in favour). Resolution passed as special resolution.
Likely market impact
Continuity at top management confirmed. Sohan Lal Agarwal retained as MD for 3 more years from April 2026.