The dispute in the promoter family of Nagpur-based Solar Industries India with nearly a ₹35,000 crore market value has taken a new turn.
Four special resolutions, including on the appointment of an independent director and alteration of the company’s articles of association, moved at the annual general meeting of the industrial explosives and ammunition manufacturer last week, were defeated amid a fight between two brothers: Satyanarayan and Kailash Chandra Nuwal.
