InSolare Energy Limited: Shareholder Communication – Notice of 17th Annual General Meeting

InSolare Energy Limited has announced that the 17th Annual General Meeting (AGM) of the Company will be held on Tuesday, 9th September 2025 at 11:00 A.M. IST at Hotel ITC Welcome, Ashram Road, Ahmedabad and also through Video Conferencing/Other Audio-Visual Means (VC/OAVM).

The following key matters have been placed before shareholders for consideration and approval:

Ordinary Business

1. Adoption of the audited standalone and consolidated financial statements of the Company for the year ended 31st March 2025, along with the reports of the Board of Directors and Auditors thereon.

2. Re-appointment of Mr. Sunit Dharamveer Tyagi (DIN: 01025709), Managing Director, who retires by rotation and offers himself for re-appointment.

Special Business
3. Regularisation of Mr. Gajanan Vithal Gandhe (DIN: 02023395) as Non-Executive Independent Director of the Company for a term of five consecutive years up to 25th December 2029.
4. Regularisation of Mrs. Pooja Bahry (DIN: 01091905) as Non-Executive Independent Director of the Company for a term of five consecutive years up to 22nd January 2030.
5. Increase in the Authorised Share Capital of the Company from ₹1.8 crores to ₹30 crores and consequential amendment to the Memorandum of Association.
6. Sub-division of equity shares from face value of ₹10 per share to ₹2 per share, effective from the record date of 12th September 2025.
7. Issue of bonus shares in the ratio of 7:1, i.e. seven fully paid-up equity shares of ₹2 each for every one fully paid-up equity share of ₹2 held, by capitalising reserves up to ₹11 crores.
8. Approval for borrowings over and above the limits specified under Section 180(1)(c) of the Companies Act, 2013, up to an overall limit of ₹1000 crores.

The Board has stated that these proposals are aligned with the Company’s strategy of strengthening governance, augmenting its capital base, enhancing shareholder value, and preparing for a potential Initial Public Offer (IPO) in the near future.