Regulatory Compliance Response

Date of Communication: September 02, 2026

Nature of Query: The National Stock Exchange of India raised a query regarding discrepancies in the Standalone Financial Results for the quarter ended June 30, 2026, specifically pertaining to signatory requirements under Regulation 33(2)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Clarification:

  • The company confirmed that the Standalone Financial Results for Q1 FY27 (quarter ended June 30, 2026) were signed by Shri Neelkamal Vrajlal Siraj (Director, DIN: 00021986) who was duly authorized by the Board of Directors at its meeting held on August 13, 2026.
  • This authorization was necessitated due to the absence/non-availability of the Chairperson and Managing Director.
  • The company submitted a certified true copy of the Board Resolution authorizing Shri Neelkamal Vrajlal Siraj to sign the financial results, confirming compliance with Regulation 33(2)(b).

Regulatory Compliance: The document explicitly references compliance with Regulation 33(2)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and includes the certified board resolution as evidence of proper authorization procedures.

Financial Results Details:

The Q1 FY27 (quarter ended June 30, 2026) financial results show:

  • Revenue from Operations: ₹320.37 lakhs (compared to ₹305.82 lakhs in Q1 FY26)
  • Other Income: ₹38.68 lakhs (compared to ₹71.50 lakhs in Q1 FY26)
  • Total Income: ₹359.05 lakhs (compared to ₹377.32 lakhs in Q1 FY26)
  • Total Expenses: ₹308.60 lakhs (compared to ₹368.71 lakhs in Q1 FY26)
  • Profit before Tax: ₹50.45 lakhs (compared to ₹90.04 lakhs in Q1 FY26)
  • Profit after Tax: ₹44.06 lakhs (compared to ₹60.81 lakhs in Q1 FY26)
  • Earnings per Share (Basic): ₹0.38 (compared to ₹0.53 in Q1 FY26)

Additional Financial Information:

  • The company operates in Generation of Power from Renewable Sources as its only business segment
  • No Subsidiary/Associate/Joint Venture companies as of June 30, 2026
  • Exceptional items include interest received on debtors written off in previous periods
  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS)
  • Results reviewed by Audit Committee and approved by Board of Directors on August 13, 2026
  • Statutory auditors Batliboi & Purohit issued an unmodified limited review report

Topic Tags: Regulatory Response, Financial Results Clarification, SEBI Compliance, Board Authorization, Quarterly Results