In the meeting of the Board of Directors of Insolation Energy Limited held on 15th May, 2026, the Board considered and approved the Monitoring Agency Report regarding the utilization of proceeds from the funds raised through the Preferential issue of equity shares for the quarter ended 31st March, 2026. The meeting, which commenced at 12:14 P.M. and concluded at 12:27 P.M., also noted that the allotment of equity shares under the Insolation Energy Employee Stock Option Plan 2024 will be considered in an upcoming meeting.

Insolation Energy Limited, incorporated in 2015 and based in Jaipur, Rajasthan, is a prominent player in the solar energy sector. The company specializes in manufacturing high-efficiency solar panels, including TOPCon, Bifacial, and Monofacial modules. Guided by visionary entrepreneurs Mr. Manish Gupta and Mr. Vikas Jain, the company has grown significantly, transitioning from the BSE SME platform to the main boards of BSE and NSE in March 2026. Insolation Energy maintains a robust business model supported by a wide dealer-distribution network, direct EPC sales, and job work services for solar module manufacturing.