Solar Industries India Limited: Voting Results on Director Appointments Announced
Solar Industries India Limited has announced the voting results and scrutinizer's report concerning a postal ballot process. The postal ballot, which involved remote e-voting from November 18, 2025, t...
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Why is Solar Industries India Limited in the news today?
Solar Industries India Limited (SOLARINDS) is in the news due to the outcome of the voting is neutral. while the directors are deemed appointed due to specific regulatory provisions (regulation 25(2a)), the initial resolutions did not receive a direct majority vote, indicating a mixed shareholder response.
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Solar Industries India Limited: Voting Results on Director Appointments Announced
December 18, 2025, 07:40 AM
Solar Industries India Limited has announced the voting results and scrutinizer's report concerning a postal ballot process. The postal ballot, which involved remote e-voting from November 18, 2025, to December 17, 2025, sought shareholder approval for two key agenda items: the appointment of Smt. Girija Balakrishnan and Shri Viswanathan Laxmanan as Independent Directors.
Although both resolutions for the appointment of these directors did not receive the requisite majority as a simple 'Yes/No' vote, they are deemed to have been passed under Regulation 25(2A) of the SEBI Listing Regulations. This is because the votes cast in favor exceeded those against, and critically, the votes cast by public shareholders in favor also exceeded those against. Consequently, both Smt. Girija Balakrishnan and Shri Viswanathan Laxmanan are considered appointed as Independent Directors of the company.
The total number of shareholders on the cut-off date of November 11, 2025, was 1,12,149. The voting process was conducted electronically, and the results were compiled and reported by the appointed scrutinizer, CS Tushar Pahade, on December 18, 2025.
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