Disclosure Context
Regulatory filing submitted to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding outcomes of the Board Meeting held on July 15, 2026.
Board Meeting Details
- Date: Wednesday, 15th July, 2026
- Time: Commenced at 04:15 P.M. and concluded at 05:35 P.M.
Business Transacted
1. Financial Results Approval
The Board considered and approved:
- Unaudited Standalone Financial Results for quarter ended June 30, 2026
- Unaudited Consolidated Financial Results for quarter ended June 30, 2026
- Both results accompanied by Limited Review Reports from auditors
2. Corporate Office Establishment
Approved establishment and commencement of Corporate Office with effect from July 14, 2026, at:
P-212 B, Gate No. 2, Lodhika GIDC, Rajkot, Metoda, Gujarat, India – 360021
3. Independent Director Appointment
Appointed Mr. Hitesh Kantilal Bhansali (DIN: 07772001) as Independent Director for a term of 5 consecutive years, subject to shareholder approval.
4. Committee Reconstitution
Approved reconstitution of the following committees with immediate effect:
- Audit Committee
- Nomination and Remuneration Committee
- Stakeholders' Relationship Committee
Detailed Financial Performance
Standalone Financial Results (₹ in Lakhs)
| Particulars | 30.06.2026 | 31.03.2026 | 30.06.2025 | Year Ended 31.03.2026 |
| Revenue from operations | 9,373.56 | 7,029.54 | 4,519.76 | 15,711.79 |
| Other Income | - | 29.60 | 11.15 | 15,774.08 |
| Total Revenue | 9,373.56 | 7,059.14 | 4,530.91 | 17,213.45 |
| Total Expenses | 6,590.42 | 4,492.10 | 4,395.85 | 11,754.69 |
| Profit before Tax | 2,783.13 | 2,567.04 | 135.06 | 4,019.39 |
| Current Tax | 700.00 | - | 34.03 | 4,019.39 |
| Deferred Tax | - | - | 0.02 | - |
| Profit for the period | 2,083.13 | 2,567.04 | 101.01 | 4,019.39 |
| Paid up Equity Share Capital | 368.68 | 250.70 | 198.00 | 250.70 |
| Basic EPS (₹) | 5.65 | 10.24 | 0.51 | 16.03 |
| Diluted EPS (₹) | 5.65 | 10.24 | 0.51 | 16.03 |
Consolidated Financial Results (₹ in Lakhs)
| Particulars | 30.06.2026 | 31.03.2026 | 30.06.2025 | Year Ended 31.03.2026 |
| Revenue from operations | 9,451.03 | 7,667.64 | 10,332.69 | 24,085.24 |
| Other Income | 0.76 | 50.10 | 47.93 | 368.33 |
| Total Revenue | 9,451.80 | 7,717.74 | 10,380.63 | 24,453.57 |
| Total Expenses | 6,659.86 | 4,907.31 | 9,635.51 | 19,199.99 |
| Profit before Tax | 2,791.94 | 2,810.44 | 745.12 | 5,253.57 |
| Current Tax | 702.20 | - | 34.03 | - |
| Deferred Tax | - | - | (1.93) | - |
| Profit for the period | 2,089.74 | 2,810.44 | 713.02 | 5,253.57 |
| Paid up Equity Share Capital | 368.68 | 250.70 | 198.00 | 250.70 |
| Basic EPS (₹) | 5.67 | 11.21 | 3.60 | 20.96 |
| Diluted EPS (₹) | 5.67 | 11.21 | 3.60 | 20.96 |
Independent Director Appointment Details
- Name: Mr. Hitesh Kantilal Bhansali
- Reason: Appointment as Independent Director
- Term: 5 consecutive years commencing from 15th July, 2026
- Qualification: Commerce Graduate with extensive experience in general management, business strategy development, and marketing
- Relationships: Not related to any Director of the Company
- Regulatory Status: Not debarred from holding director office by SEBI or any statutory authority
Auditor Review
A H Mandaliya & Associates (FRN: 146705W) provided limited review reports for both standalone and consolidated financial results, concluding that nothing came to their attention suggesting material misstatement or non-compliance with disclosure requirements under Regulation 33 of SEBI LODR Regulations.
Segment Information
The company operates in only one segment: "Renewable Energy Sector Solar Cell Products"
Subsidiary Information
Consolidated results include financials of Nexgenix Solar Manufacturing Private Limited, a subsidiary of the company.
Notes to Financial Results
- Results approved by Audit Committee and Board of Directors in meetings held on July 15, 2026
- Previous period figures have been regrouped to confirm to current period classification