Key Quantitative Figures

Standalone Financials (₹ in Lakhs):

  • Q2 FY26 (Sep 2026): Revenue from operations ₹27.06, Other income ₹4.74, Total income ₹31.80, Net profit ₹12.90, EPS ₹0.13
  • Q1 FY26 (Jun 2026): Revenue from operations ₹24.96, Net loss ₹32.60, EPS (₹0.33)
  • H1 FY26: Total income ₹56.76, Net loss ₹19.71, EPS (₹0.20)
  • Comparative Periods: Q2 FY25 net loss ₹3.80, H1 FY25 net loss ₹16.68, FY26 audited net loss ₹25.10

Consolidated Financials (₹ in Lakhs):

  • Q2 FY26: Revenue from operations ₹320.86, Other income ₹4.74, Total income ₹325.60, Net profit attributable to owners ₹27.38, EPS ₹0.27
  • Q1 FY26: Revenue from operations ₹839.18, Net loss attributable to owners ₹25.62, EPS (₹0.26)
  • H1 FY26: Total income ₹1,164.78, Net profit attributable to owners ₹1.75, EPS ₹0.02
  • Comparative Periods: Q2 FY25 net profit ₹56.93, H1 FY25 net profit ₹16.49, FY26 audited net profit ₹14.01

Assets and Liabilities (Standalone as at 30.09.2026, ₹ in Lakhs):

  • Total assets: ₹1,261.44 (vs. ₹1,061.96 as at 31.03.2026)
  • Inventories: ₹189.60 (vs. ₹0)
  • Trade receivables: ₹0.04 (vs. ₹0)
  • Cash and cash equivalents: ₹51.44 (vs. ₹13.59)
  • Other financial assets: ₹322.39 (vs. ₹321.50)
  • Equity share capital: ₹1,000.00 (unchanged)
  • Other equity: (₹45.19) (vs. (₹25.49))
  • Trade payables: ₹234.82 (vs. ₹17.40)

Cash Flows (Standalone H1 FY26, ₹ in Lakhs):

  • Net cash used in operating activities: (₹37.93)
  • Net cash from investing activities: ₹82.38
  • Net cash used in financing activities: (₹6.60)
  • Net increase in cash: ₹37.85

Dates of Action

  • Board meeting date: November 7, 2026 (3:30 PM to 4:15 PM)
  • Financial period ended: September 30, 2026
  • Limited review report date: November 7, 2026

Parties Involved

  • Subsidiary: Solarfusion Renewables Private Limited (wholly owned)
  • Statutory Auditors: Bhatter & Company (FRN: 131092W)

Related Party Transactions (H1 FY26)

  • Lexora Global to Solarfusion Renewables: Loan of ₹64,316.00 (opening balance ₹32,100,000.00, closing balance ₹32,164,316.00)
  • Solarfusion Renewables to Vinubhai Nanjibhai Vekaria: Loan taken, balance reduced from ₹51,057,652.00 to ₹31,907,652.00
  • Solarfusion Renewables to Manan Pavankumar Trivedi: Two loan accounts with balances of ₹1,193,844.00 and ₹72,591.00
  • Lexora Global investment in Solarfusion equity shares: ₹41,250,000.00 (unchanged)

Financial Impact

Financial results show improved standalone performance in Q2 FY26 with net profit of ₹12.90 lakhs compared to net loss in Q1 FY26. Consolidated results also show profitability in Q2 FY26. The company has increased inventories and trade payables significantly compared to previous period.

Capital Structure Impact

No change in paid-up equity share capital (₹1,000.00 lakhs). Other equity decreased to (₹45.19) lakhs from (₹25.49) lakhs due to H1 FY26 net loss.

Notes and Qualifications

  • Financial results prepared in accordance with Ind AS 34
  • Company operates in single reportable segment: Trading
  • Subsidiary Solarfusion Renewables operates through branches in Gujarat (Rajkot), Maharashtra (Solapur) and Andhra Pradesh (Visakhapatnam)
  • No exceptional items during the periods presented
  • Statutory auditors issued unqualified limited review reports for both standalone and consolidated results