Surana Solar Appoints Buvankar Shekarnath as Additional Director, Approves AGM Notice
Surana Solar's Board approved the 20th AGM notice for September 28, 2026. Shri Buvankar Shekarnath was appointed Additional Director cum Whole-time Director for three years from August 29, 2026. The Board also approved the proposed sale of land and alteration of the Memorandum of Association to explore AI data center businesses.
The appointment of a new director and the strategic decision to enter the AI data center business are significant, but their full impact will depend on future execution and shareholder approval.
The appointment of a new director and the approval for exploring new business ventures in AI data centers are positive developments for the company's future growth.
Surana Solar Limited (formerly Surana Ventures Limited) announced key outcomes from its Board Meeting held on August 29, 2026. The Board approved the notice for the 20th Annual General Meeting (AGM), scheduled for Monday, September 28, 2026, at 11:00 AM IST, to be conducted via Video Conferencing (VC)/Other Audio-Visual Means (OAVM).
The Board also approved the Board's Report, Corporate Governance Report, and Management Discussion and Analysis Report related to the AGM. Monday, September 21, 2026, was fixed as the cut-off date for e-voting eligibility, and the book closure dates for the 20th AGM were set from Tuesday, September 22, 2026, to Monday, September 28, 2026.
Furthermore, Mrs. Rakhi Agarwal was appointed as the Scrutinizer for the e-voting process. A significant development was the approval of Shri Buvankar Shekarnath's appointment as Additional Director cum Whole-time Director for a period of three years, effective August 29, 2026, subject to shareholder approval. Shri Shekarnath, with over 30 years of experience in various industries, is not related to any other Director on the Board.
The Board also considered and approved the proposed sale of the company's land located in Raviryala Village, Maheshwaram Mandal, Ranga Reddy District, Telangana. The purchaser has not yet been finalized. Additionally, the company approved a proposal to alter its Memorandum of Association to include business opportunities in Artificial Intelligence (AI) Data Centres, cloud computing, and related digital infrastructure, subject to shareholder and regulatory approvals.
The Board Meeting commenced at 12:30 PM and concluded at 1:00 PM IST.
A plain-language summary of a public exchange filing by Surana Solar Limited. Read the original for the full detail.