Insolation Energy shareholders approve key resolutions, including new director and borrowing up to INR 5,000 crores

Insolation Energy Limited announced on November 28, 2025, that its shareholders have approved all six special resolutions outlined in the postal ballot notice dated October 23, 2025. The resolutions are deemed passed as of the last day of remote e-voting, November 28, 2025.

The resolutions included the appointment of Mr. Rajiv Jain as a non-executive independent director, authorization to borrow up to INR 5,000 crores, and authorization for charge/hypothecation/mortgage/lien on company assets up to INR 5,000 crores. These measures passed with significant shareholder support, reflecting strong confidence in the company's strategic direction.

Further approvals included authorization for the board of directors to provide loans, guarantees, or securities under section 185 of the Companies Act, 2013, and to provide loans, guarantees, securities, or make investments under section 186 of the Companies Act, 2013. The alteration to the Articles of Association regarding the deletion of the common seal clause also received shareholder consent. All resolutions passed with over 99.8% of votes in favor from the total votes polled.