Board Meeting Details

The Board of Directors meeting was held on Monday, 26th August, 2026. The meeting commenced at 03:26 PM and concluded at 04:20 PM.

Key Board Decisions Approved

Financial Results & Reporting

1. Considered and adopted the Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026

2. Approved Annual Financial Results for year ended March 31, 2026 and half year ended March 31, 2026

3. Approved Directors Report and its Annexures for Financial Year 2025-26

Annual General Meeting

4. Decided to hold 10th Annual General Meeting on 28th September, 2026 at 11:30 AM

5. Approved convening of 10th AGM through Video Conferencing/Other Audio-Visual Means and approved draft Notice

Appointments & Regularizations

6. Appointment of Mr. Rupinder Singh Bhatia, Company Secretaries in Practice, as Secretarial Auditor for five consecutive financial years from FY 2026-27

7. Appointment of Mr. Rupinder Singh Bhatia as scrutinizer for e-voting process at AGM

8. Appointment of M/s. TANDON BRIJ & CO., Chartered Accountants as Internal Auditor for FY 2026-27

9. Appointment/designation of Company Secretary as Compliance Officer under SEBI (Prohibition of Insider Trading) Regulations, 2015

10. Identification and designation of Designated Persons under SEBI (Prohibition of Insider Trading) Regulations, 2015

11. Regularisation of Mr. Ronak Jhuthawat (DIN-06899496) as Independent Director (appointed as Additional Director w.e.f November 11, 2025 for 5 years, subject to shareholder approval)

12. Appointment/designation of Mr. Shubham Agarwal (Chief Financial Officer) for overseeing accounting and financial reporting compliance responsibilities

13. Re-appointment of Mr. Vishal Vasantrao Kokadwar (DIN: 07962440) as Non-Executive Director who retires by rotation

Financial Performance Highlights

Standalone Financial Results (Year Ended March 31, 2026)

  • Revenue from Operations: ₹563.60 lakhs (Previous year: ₹460.14 lakhs)
  • Other Income: ₹23.18 lakhs (Previous year: ₹12.44 lakhs)
  • Total Income: ₹689.21 lakhs (Previous year: ₹461.38 lakhs)
  • Total Expenses: ₹494.62 lakhs (Previous year: ₹405.72 lakhs)
  • Profit Before Tax: ₹71.30 lakhs (Previous year: ₹55.67 lakhs)
  • Tax Expense: ₹17.41 lakhs (Current Tax: ₹17.95 lakhs, Deferred Tax: ₹(0.54) lakhs)
  • Profit After Tax: ₹53.90 lakhs (Previous year: ₹31.66 lakhs)
  • Earnings Per Share: ₹6.70 (Basic/Diluted) (Previous year: ₹5.22)

Consolidated Financial Results (Year Ended March 31, 2026)

  • Revenue from Operations: ₹5,822.25 lakhs
  • Other Income: ₹23.18 lakhs
  • Total Income: ₹5,845.44 lakhs
  • Total Expenses: ₹5,067.16 lakhs
  • Profit Before Tax: ₹778.27 lakhs
  • Tax Expense: ₹252.01 lakhs (Current Tax: ₹179.46 lakhs, Deferred Tax: ₹72.55 lakhs)
  • Profit After Tax: ₹526.27 lakhs
  • Profit Attributable to Shareholders: ₹526.57 lakhs
  • Earnings Per Share: ₹6.54 (Basic/Diluted)

Subsidiaries Performance (Year Ended March 31, 2026)

  • Oneindig Jodhpur Solar Private Limited: Total Assets ₹0.99 lakhs, Revenue ₹0.00, Net Profit ₹0.31 lakhs
  • Ziya Solar Energies Four Private Limited: Total Assets ₹1,201.50 lakhs, Revenue ₹88.56 lakhs, Net Loss ₹(12.64) lakhs
  • Ziya Solar Energies Three Private Limited: Total Assets ₹1,143.64 lakhs, Revenue ₹97.63 lakhs, Net Profit ₹0.37 lakhs

IPO Completion Details

The Company successfully completed its Initial Public Offer of fresh equity shares:

  • 28,80,000 equity shares of face value ₹10 each
  • Issued at premium of ₹86 per share
  • Total issue size: ₹27,64,80,000.00
  • Fully subscribed
  • Shares allotted on 4th August 2026
  • Proceeds of ₹2,764.80 lakhs received, in process of utilization as per IPO objects

Auditor Information

  • Statutory Auditor: Raj Gupta & Co., Chartered Accountants
  • Audit Partner: Geetanjali Nagpal (Membership No. 532274)
  • Auditor's report dated: 26th August 2026
  • Clean audit opinion provided for both standalone and consolidated financial results

Key Financial Position (Standalone as at March 31, 2026)

  • Total Equity and Liabilities: ₹6,027.28 lakhs
  • Total Assets: ₹6,027.28 lakhs
  • Non-current Assets: ₹489.35 lakhs
  • Current Assets: ₹5,537.93 lakhs
  • Share Capital: ₹804.42 lakhs
  • Reserves & Surplus: ₹1,272.04 lakhs

Cash Flow Statement (Standalone FY26)

  • Net cash used in operating activities: ₹(1,054.47) lakhs
  • Net cash used in investing activities: ₹(367.15) lakhs
  • Net cash from financing activities: ₹1,453.06 lakhs
  • Net increase in cash: ₹31.40 lakhs
  • Cash and cash equivalents at year-end: ₹74.85 lakhs

Important Notes to Financial Results

1. Financial results prepared in accordance with Accounting Standards under Companies Act, 2013 and SEBI LODR Regulations

2. Company exempted from adoption of Ind AS as listed on SME Exchange

3. Engaged in single business segment, no separate segmental information presented

4. Half year results for March 31, 2026 are balancing figures between audited full year and unaudited half year ended September 30, 2025

5. Corresponding previous periods figures regrouped/reclassified for comparability

Annexure Details

Annexure-1: Secretarial Auditor Appointment

  • Mr. Rupinder Singh Bhatia appointed as Secretarial Auditor for 5 years (FY2026-27 to 2030-31)
  • Practicing company secretary with 26 years experience
  • Not related to any directors

Annexure-2: Internal Auditor Appointment

  • M/s. TANDON BRIJ & CO., Chartered Accountants (Firm Registration No. 000067N)
  • Appointed for FY 2026-27
  • Firm with 40+ years experience in auditing and assurance
  • Not related to any directors

Annexure-3: Compliance Officer Designation

  • Mr. Sumit Das appointed as Company Secretary and Compliance Officer
  • Membership No: A44223
  • 8+ years experience in secretarial operations

Annexure-4: Independent Director Profile

  • Mr. Ronak Jhuthawat (DIN: 06899496) appointed as Independent Director for 5 years from November 11, 2025

Annexure-5: CFO Designation

  • Mr. Shubham Agarwal designated for overseeing accounting and financial reporting compliance

Annexure-6: Director Re-appointment

  • Mr. Vishal Vasantrao Kokadwar (DIN: 07962440) re-appointed as Non-Executive Director
  • 18+ years experience in project management and corporate finance
  • Not related to any directors