The Board transacted the following businesses:

1. Approved the Un-Audited standalone financial results for the quarter ended September 30, 2026.

2. Noted the Limited review report of the auditors on the standalone results for the quarter ended September 30, 2026.

Copies of both the financial results and the limited review report were enclosed with the filing.

Un-Audited Standalone Financial Results (Q2 FY27)

The financial results are presented in INR Lakhs.

Income Statement Highlights (Quarter Ended September 30, 2026):

  • Revenue from Operations: ₹81.19 (Previous Quarter Q1 FY27: ₹68.22; Year-ago Quarter Q2 FY26: ₹83.30)
  • Other Income: ₹0.06 (Previous Quarter Q1 FY27: ₹10.54; Year-ago Quarter Q2 FY26: ₹0.00)
  • Total Income: ₹81.25 (Previous Quarter: ₹78.76; Year-ago: ₹83.30)
  • Purchase of Stock in Trade: ₹41.52 (Previous Quarter: ₹70.41; Year-ago: ₹80.45)
  • Employee Benefit Expense: ₹5.20 (Previous Quarter: ₹7.04; Year-ago: ₹7.79)
  • Finance Costs: ₹1.64 (Previous Quarter: ₹1.59; Year-ago: ₹2.69)
  • Profit/Loss before tax: (₹25.03) loss (Previous Quarter: (₹8.58) loss; Year-ago: (₹20.43) loss)
  • Net Profit after Tax: (₹25.03) loss (Previous Quarter: (₹8.58) loss; Year-ago: (₹20.43) loss)
  • Earnings Per Share (EPS) - Basic & Diluted: (₹0.48) (Previous Quarter: (₹0.16); Year-ago: (₹0.39))

Half-Yearly Performance (Ended September 30, 2026):

  • Revenue from Operations: ₹149.41 (HY FY26: ₹161.90)
  • Total Income: ₹160.01 (HY FY26: ₹167.07)
  • Net Profit after Tax: (₹33.61) loss (HY FY26: (₹38.62) loss)
  • EPS - Basic & Diluted: (₹0.64) (HY FY26: (₹0.73))

Balance Sheet Snapshot (As of September 30, 2026):

  • Paid-up Equity Share Capital: ₹526.26 Lakhs (Face value INR 10; unchanged from March 31, 2026)
  • Other Equity: (₹423.47) (March 31, 2026: (₹387.86))
  • Total Equity: ₹102.79 (March 31, 2026: ₹138.40)
  • Total Assets: ₹1,427.49 (March 31, 2026: ₹1,668.62)
  • Non-Current Assets: ₹108.88 (March 31, 2026: ₹20.62)
  • Current Assets: ₹1,318.61 (March 31, 2026: ₹1,406.87)
  • Inventories: ₹136.70 (March 31, 2026: ₹169.41)
  • Trade Receivables: ₹541.18 (March 31, 2026: ₹656.03)
  • Cash and Cash Equivalents: ₹0.87 (March 31, 2026: ₹0.50)
  • Total Liabilities: ₹1,324.70 (March 31, 2026: ₹1,530.22)

Cash Flow Statement (Half-Year Ended September 30, 2026):

  • Net Cash from Operating Activities: (₹77.97)
  • Net Cash from Investing Activities: ₹86.78 (primarily from proceeds from disposal of property, plant and equipment)
  • Net Cash from Financing Activities: (₹8.44) (primarily from repayment of long-term borrowings and interest paid)
  • Net Increase in Cash: ₹0.37
  • Cash and Cash Equivalents at End of Period: ₹0.87 (Beginning of Period: ₹0.50)

Notes to the Financial Statements

1. The statement is prepared in accordance with Indian Accounting Standards (Ind AS).

2. The company's main business is the sale of solar systems and trading of goods, with no reportable segments as per Ind AS 108.

3. The financial results were reviewed by the statutory auditors, DGMS & Co. Chartered Accountants, in compliance with Regulation 33. The results were reviewed by the Audit Committee and approved by the Board on November 14, 2026.

4. Previous period figures have been regrouped/restated for comparability.

5. The results have been filed with the stock exchanges and are available on their websites and the company's website (www.splsolar.in).

Auditor's Limited Review Report

DGMS & Co. Chartered Accountants issued a limited review report on the financial results. Based on their review, conducted in accordance with Standard on Review Engagement (SRE) 2400, nothing has come to their attention that causes them to believe that the statement contains any material misstatement or has not disclosed the information required by SEBI LODR Regulations.