s01AR Saf et y • Qual it y • Reliab il it y Jul y 30 ,20 20 To , The Execut ive Direct or Li sti ng Depart ment BSE Li mi ted Fl oor no.25, PJ Tower s, Dal al Str eet Mumbai - 400001. Scrip Code: 532725 To , The Execut ive Direct or Li sti ng Depart ment Nati onal Stock Ex changeof Indi a Limi ted Ex change Pl aza, Bandr a Kur l a Compl ex , Bandr a (E), Mumbai - 400001. Trading Symbol: "SOLARINDS" Re: Cessat ionof of f ice of Mr. Kail ash Chandra Nuwal ( DIN: 00374378) as Execut ive Direct or and Vice Chairman of Solar Indust ries India Limit ed. Mr . Kai l ash Chandra Nuwal's (DIN: 00374378), Ex ecuti v e Di r ector and Vi ce Chai r manof Sol ar Industries Indi a Limited has vac ated officeof Di r ec tor wi th effect fr om November 7, 2019. Hi s vacati on i s on account operati on of l aw ar i si ng due to failur e to make appr opr i atedi sclosur es as ex pl ai ned bel ow. 1. Non-di sclosur eby Mr . Kailash Chandra Nuwal 's (DIN: 00374378) of hi s shar ehol di ng and di r ector shi p i n one AG Tec hnol ogi es Pr i v ate Limited i n the cor rec t/ compl ete for mat, ei ther on the date of becomi ng a di r ector ther eof and whenhe facilitated a Rent Agr eement between Sol ar Industries Indi a Li mi ted and AG Tec hnol ogi es Priv ate Li mi ted, whi c h wer e (and conti nue to be) rel ated part i es as per Regul ati on 23 (1) of the Sec ur i ti es and Ex change Boar dof Indi a (Li sti ng Obligati ons and Di sclosur e Requi r ements) Regul ati ons,2015. 2. In addi ti on to the above, Mr . Kailash Chandr a Nuwal's act of facil itati ng a rel ated par ty tr ansacti on wi thout pr i or approval of the Audi t Commi ttee was i n vi ol ati on of Regul ati on 23 (2) of the Securiti es and Ex change Boar d of Indi a (Li sti ng Obli gati ons and Di sclosur e Requi r ements) Regul ati ons, 2015. 3. The acts and omi ssi ons, as menti oned i n Serial Nos. 1 and 2 ar e vi ol ati on of Secti ons 184(1) and 184(2) of the Compani es Act, 2013 read wi th Rul e 9 of Sola r Indus trie s India Limite d Regd . Offi ce : "So lar " Ho use, 14 , Kach i met , Amr avat iRo ad, Nag p ur -440023, INDIA ( +91) 712-6634555/ 567 (+91)712 -2500200-201 solar@solargroup. com CIN: L74999MH19 95PLC085878 @@ www.solargroup .com