Board Meeting Details
A meeting of the Board of Directors was held on Thursday, 8th October 2026, commencing at 05:00 PM and concluding at 05:57 PM.
Key Decisions
1. Considered and approved the Unaudited Standalone and Consolidated Financial Results (with Limited Review Reports) for the quarter and half year ended 30th September 2026.
2. Approved shifting of Registered Office from the jurisdiction of the Registrar of Companies, Mumbai (Maharashtra) to the State of Gujarat (under the jurisdiction of the ROC, Gujarat), subject to shareholder approval via special resolution and relevant authorities' approvals.
Standalone Financial Performance (Rs. in Lakhs)
Quarter Ended 30.09.2026:
- Revenue from operations: ₹9,373.56
- Total revenue: ₹9,373.56
- Total expenses: ₹6,590.42
- Profit before tax: ₹2,783.13
- Current tax: ₹700.00
- Net profit: ₹2,083.13
- Basic EPS: ₹5.65
- Diluted EPS: ₹5.65
Half Year Ended 30.09.2026:
- Revenue from operations: ₹12,561.16
- Total revenue: ₹12,561.16
- Total expenses: ₹9,529.48
- Profit before tax: ₹3,031.67
- Current tax: ₹757.00
- Deferred tax: ₹1.92
- Net profit: ₹2,274.67
- Basic EPS: ₹6.17
- Diluted EPS: ₹6.17
Comparative Figures (Year Ended 31.03.2026):
- Revenue from operations: ₹15,711.79
- Net profit: ₹4,019.39
- Basic EPS: ₹16.03
Consolidated Financial Performance (Rs. in Lakhs)
Quarter Ended 30.09.2026:
- Revenue from operations: ₹9,451.03
- Other income: ₹0.76
- Total revenue: ₹9,451.80
- Total expenses: ₹6,659.86
- Profit before tax: ₹2,791.94
- Current tax: ₹702.20
- Net profit: ₹2,089.74
- Basic EPS: ₹5.67
- Diluted EPS: ₹5.67
Half Year Ended 30.09.2026:
- Revenue from operations: ₹12,693.12
- Other income: ₹0.92
- Total revenue: ₹12,694.05
- Total expenses: ₹9,696.24
- Profit before tax: ₹2,997.81
- Current tax: ₹757.00
- Deferred tax: ₹1.92
- Net profit: ₹2,238.89
- Basic EPS: ₹6.07
- Diluted EPS: ₹6.07
Balance Sheet Position (Standalone as at 30.09.2026)
- Total assets: ₹8,881.02 lakhs
- Non-current assets: ₹6,636.03 lakhs (including investments ₹6,316.42 lakhs)
- Current assets: ₹2,244.99 lakhs (including trade receivables ₹1,700.92 lakhs)
- Total equity: ₹8,571.26 lakhs
- Share capital: ₹368.68 lakhs
- Reserves and surplus: ₹8,202.58 lakhs
- Current liabilities: ₹309.76 lakhs
Cash Flow Statement (Standalone H1 FY27)
- Net cash used in operating activities: ₹(550.08) lakhs
- Net cash from financing activities: ₹531.60 lakhs (mainly proceeds from share issue ₹531.67 lakhs)
- Net decrease in cash: ₹(18.48) lakhs
- Cash equivalents at end: ₹0.41 lakhs
Subsidiary Information
- Nexgenix Solar Manufacturing Pvt Ltd is the subsidiary company with 99% equity stake
- Consolidated results include financial results of this subsidiary
- Goodwill on consolidation: ₹4,597.19 lakhs
Auditor Review
- Limited review conducted by A H Mandaliya & Associates (FRN: 146705W)
- Review performed in accordance with SRE 2410
- No material misstatements identified in the financial results
Additional Information
- No investor complaints received during the quarter ended 30-Sep-2026
- Figures prepared in accordance with Indian Accounting Standards (Ind AS)
- Company operates in single segment: "Renewable Energy Sector Solar Module Products"
- Paid-up equity share capital: ₹368.68 lakhs (face value ₹10 per share)
Registered Office Shift
- Current registered office: A-308, Rustomjee Central Park, Andheri Kurla Road, Chakala, Andheri East, Mumbai, Maharashtra - 400069
- Proposed shift to Gujarat under jurisdiction of ROC Gujarat
- Requires shareholder approval via special resolution
- Consequential amendment to Clause II of Memorandum of Association required