Websol Energy shareholders approve resolutions, reject director reappointment

Websol Energy System Limited announced the results of its 35th Annual General Meeting (AGM) held on September 29, 2025. Shareholders approved Resolution No. 1, 3, 4, 6 and 8, while Resolution No. 2 and 7 failed.

The ordinary resolution to receive and adopt the audited financial statements for the year ended March 31, 2025, passed with 99.99% votes in favour from all categories of shareholders. The special resolution to approve the sub-division/split of equity shares also passed with 99.91% votes in favour. Additionally, the special resolution to alter the capital clause of the Memorandum of Association of the company received 99.98% votes in favour. The ordinary resolution for the appointment of a secretarial auditor also passed with 99.04% votes in favour.

However, the ordinary resolution for the reappointment of Sanjana Khaitan as a director failed, with 53.51% of votes cast against it. Similarly, the ordinary resolution for the re-appointment of Sanjana Khaitan as whole-time director (executive director) also failed, with 54.55% of votes against it. The special resolution to approve the revision of remuneration for Sohan Lal Agarwal, managing director, was approved with 94.65% votes in favour. The remote e-voting period commenced on September 26, 2025, and concluded on September 28, 2025, with an overall voter turnout of 27.42% of outstanding shares.