Board Meeting Details

The Board Meeting commenced at 11:00 AM and concluded at 11:30 AM on July 25, 2026.

Key Decisions and Approvals

1. Financial Results Approval

  • Approved and taken on record the un-audited financial results for the quarter ended June 30, 2026
  • Compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Financial results reviewed by Audit Committee and Statutory Auditors

2. Chief Financial Officer Appointment

  • Appointed Buvankar Shekarnath as Chief Financial Officer effective from July 25, 2026

3. Land Conversion Application

  • Approved application submitted under Hyderabad Industrial Lands Transformation Policy (HILTP)
  • For conversion of industrial land to multi-use development
  • Land details: Survey Nos. 212/2 to 212/4, admeasuring 14,671 square yards (12,267.99 square metres)
  • Location: Phase-II, I.D.A. Cherlapally, Ghatkesar Mandal, Medchal-Malkajgiri District
  • 10% of conversion fees already paid, balance to be paid by applicant

Financial Results for Quarter Ended June 30, 2026

Income Statement Highlights (₹ in lakhs)

  • Total Income: ₹2,350.60
  • Other Income: ₹635.54
  • Total Expenses: ₹1,713.53
  • Cost of material consumed: ₹1,387.07
  • Changes in inventories: ₹77.68
  • Employee benefits expense: ₹54.19
  • Finance Cost: ₹0.50
  • Depreciation: ₹55.33
  • Other expenses: ₹138.77
  • Profit before tax: ₹637.07
  • Tax expenses: ₹93.00
  • Current tax: ₹94.83
  • Deferred tax: ₹(1.83)
  • Profit for the period: ₹544.07
  • Earnings Per Share (Basic): ₹1.11
  • Earnings Per Share (Diluted): ₹1.11

Comparative Financial Performance

  • Q1 FY27 Profit: ₹544.07 lakhs vs Q1 FY26: ₹19.80 lakhs (significant improvement)
  • Q1 FY27 EPS: ₹1.11 vs Q1 FY26: ₹0.04

Capital Structure

  • Paid up Equity Share Capital: ₹2,460.33 lakhs
  • Other Equity: Not quantified in disclosure

Segment-wise Performance (₹ in lakhs)

Segment Revenue

  • Solar Products: ₹1,715.06
  • Renewable Energy: ₹1.64
  • Total Segment Revenue: ₹1,716.70

Segment Results

  • Solar Products: ₹61.51
  • Renewable Energy: ₹0.82
  • Total Segment Results: ₹62.33

Segment Assets

  • Solar Products: ₹4,258.05
  • Renewable Energy: ₹29.94
  • Total Segment Assets: ₹4,288.99
  • Unallocable Corporate Assets: ₹3,015.34
  • Total Assets: ₹7,304.33

Segment Liabilities

  • Solar Products: ₹905.83
  • Total Segment Liabilities: ₹905.83
  • Unallocable Corporate Liabilities: ₹93.40
  • Total Liabilities: ₹999.24

Auditor's Review

  • Limited Review conducted by Luharuka & Associates, Chartered Accountants
  • Review performed pursuant to Regulation 33 of SEBI LODR Regulations, 2015
  • Based on Standard on Review Engagement (SRE) 2410
  • No material misstatements identified in the financial results
  • Financial results prepared in accordance with Indian Accounting Standards (IND AS)

Additional Information

  • Document signed by Narender Surana, Chairman (DIN: 00075086)
  • Reference to previous letter: SSL/SECT/12/2026-27 dated July 18, 2026