Key Financial Results (₹ in Lakhs)

Quarterly Performance:

  • Q4 FY26 (Audited): Revenue from Operations: 10,976.95; Net Profit: 1,401.71
  • Q3 FY25 (Unaudited): Revenue from Operations: 3,873.79; Net Loss: (273.84)
  • Q4 FY25 (Audited): Revenue from Operations: 8,483.24; Net Profit: 831.03

Annual Performance:

  • FY26 (Audited): Revenue from Operations: 31,092.29; Net Profit: 2,242.73
  • FY25 (Audited): Revenue from Operations: 18,568.86; Net Profit: 1,163.42

Earnings Per Share (₹ 10 face value):

  • FY26: Basic & Diluted EPS: 15.97
  • FY25: Basic & Diluted EPS: 8.28
  • Q4 FY26: Basic & Diluted EPS: 9.98

Financial Position as of March 31, 2026 (₹ in Lakhs)

Assets:

  • Total Assets: 17,744.90
  • Non-current Assets: 12,605.61 (Property, Plant and Equipment: 4,223.43; Capital Work-in-progress: 7,933.13)
  • Current Assets: 5,139.30 (Inventories: 979.17; Trade Receivables: 1,062.66)

Equity and Liabilities:

  • Total Equity: 4,187.92 (Equity Share Capital: 1,404.33; Other Equity: 2,783.59)
  • Non-current Liabilities: 7,551.18 (Financial Liabilities/Borrowings: 7,389.71)
  • Current Liabilities: 6,005.80 (Financial Liabilities/Borrowings: 3,199.77)

Cash Flow Statement (₹ in Lakhs)

FY26:

  • Net Cash from Operating Activities: 2,101.66
  • Net Cash Used in Investing Activities: (10,237.57)
  • Net Cash from Financing Activities: 8,141.01
  • Net Increase in Cash and Cash Equivalents: 5.10

FY25:

  • Net Cash from Operating Activities: 2,296.43
  • Net Cash Used in Investing Activities: (1,761.66)
  • Net Cash Used in Financing Activities: (598.12)
  • Net Decrease in Cash and Cash Equivalents: (63.36)

Significant Corporate Development

The Scheme of Amalgamation between Citizen Solar Limited (transferee company) and Citizen Solar Private Limited (transferor company) was approved by Hon'ble NCLT on March 25, 2026, and intimated to ROC via form INC-28 on April 7, 2026.

Key terms:

  • Appointed date: April 1, 2023
  • Accounted using Pooling of Interest Method under Appendix C of Ind AS 103
  • Financial statements restated for all periods from appointed date
  • Results of all quarters restated and may not match previous published figures

Related Party Transactions Disclosure

Unsecured Loans to Key Management Personnel (Closing Balance):

  • Harsh Jain: ₹50,00,000
  • Omprakash Jain: ₹1,05,25,000
  • Ravindra Jain: ₹32,25,000
  • Tansukhrai Jain: ₹35,00,000
  • Technotrends Marketing Private Limited: ₹66,50,000

Documents Submitted:

1. Audited Standalone Financial Results for quarter and year ended March 31, 2026

2. Audit Report issued by Statutory Auditors

3. Declaration pursuant to Regulation 33(3)(d) regarding unmodified audit opinion

4. Disclosure of Related Party Transactions pursuant to Regulation 23(9)

5. Statement on Impact of Audit Qualifications (if applicable)

Board Approval:

Results approved by Board of Directors at meeting held on May 28, 2026 (12:00 Noon to 05:30 P.M.)

Business Segment

The company is engaged in manufacturing of "Solar Panels," which is the only operating segment as per Ind AS 108.

Financial Results Publication

The financial results are being made available on the company website and published in newspapers as per applicable SEBI LODR Regulations provisions.