Indosolar Limited Approves FY2026 Financial Results and Key Board Appointments
Indosolar Limited announced several key governance updates and approved its financial performance for the fiscal year ending March 31, 2026, following its Board of Directors meeting held on April 20, 2026. The company approved the standalone audited financial results for the quarter and the full year ended March 31, 2026.Governance and Key Appointments
During the board meeting, the company took steps to strengthen its leadership and compliance structure. The board approved the appointment of Mr. Nilesh Bhogilal Gandhi (DIN: 03570656) as an additional Non-Executive, Independent Director, effective April 20, 2026. This appointment is subject to approval by the company's members at the subsequent general meeting.Furthermore, the board approved Mr. Abhishek Pareek’s appointment as the Chief Financial Officer and Key Managerial Officer, also effective April 20, 2026.
In matters of auditing, the following appointments were made for the financial year 2026-2027:
- Internal Auditor: M/s Mahajan & Aibara Chartered Accountant LLP was appointed as the internal auditor.
- Cost Auditor: The appointment of M/s N Ritesh and Associates as cost auditor was approved, subject to the final approval of the shareholders.
The details regarding these appointments and the respective profiles are presented below:
| Particulars | Mr. Nilesh Bhogilal Gandhi | Mr. Abhishek Pareek | M/s Mahajan Aibara Chartered Accountant LLP | M/s N Ritesh and Associates Cost Accountants |
|---|---|---|---|---|
| Role | Additional Independent Director | CFO and Key Managerial Personnel | Internal Auditor | Cost Auditor |
| Date of Appointment | April 20, 2026 | April 20, 2026 | Reappointed for 2026-2027 | Reappointed for 2026-2027 |
| Profile Summary | Global business strategist with experience in setting up and managing treasury departments. | Chartered Accountant with 18+ years of experience in banking, trade finance, budgeting, and forex treasury management. | A 40-year-old boutique firm specializing in Risk Consulting and risk based Internal and Operational audits. | A professional firm established in 2008 with extensive experience in cost audit, cost accounting, and management consultancy. |
Financial Performance Highlights
The company’s financial data shows significant growth in its operations. In the Statement of Audited Financial Results, the total income for the year ended March 31, 2026, stood at 68,136.54 Lakhs, a sharp increase compared to the 32,474.56 Lakhs recorded in the previous year. Profit after tax reached 24,659.91 Lakhs for the fiscal year 2026, compared to 5,478.19 Lakhs in 2025.The total assets of Indosolar Limited reached 34,440.30 Lakhs as of March 31, 2026, up from 24,076.25 Lakhs in the previous year.
The company's cash flow generation remained robust:
- Net cash generated from operating activities for the year ended March 31, 2026, was 7,837.03 Lakhs, compared to 8,505.36 Lakhs in the prior year.
- The net increase in cash and cash equivalents for the year was (1,193.87) Lakhs, compared to 1,210.41 Lakhs in 2025.
Financial Position Comparison (All figures in Lakhs)
A comparison of the Statement of Assets and Liabilities highlights the company's shift in financial structure:| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Total Assets | 34,440.30 | 24,076.25 |
| Total Equity | 28,700.78 | 4,041.49 |
| Total Non-Current Liabilities | 2,181.97 | 5,639.25 |
| Total Current Liabilities | 3,557.55 | 14,395.51 |
Statement of Financial Results (All figures in Lakhs)
The annual profitability and income statement details are summarized below:| Particulars | Year ended March 31, 2026 | Year ended March 31, 2025 |
|---|---|---|
| Revenue from operations | 67,984.85 | 32,390.62 |
| Other Income | 151.69 | 83.94 |
| Total Income | 68,136.54 | 32,474.56 |
| Total Expenses | 44,708.08 | 26,996.82 |
| Profit before tax | 23,428.46 | 5,477.74 |
| Profit after tax | 24,659.91 | 5,478.19 |
| Earnings per share (Basic) | 59.27 | 13.17 |
The company noted that the financial results are prepared in accordance with Indian Accounting Standards (Ind AS) and that its only primary reportable segment is "Manufacturing & Trading of Solar Photovoltaic Modules." The audited financial statements were affirmed by the Statutory Auditors, M/s S.G.C.O. Co. LLP, who issued an unmodified opinion on the results for the half year and year ended March 31, 2026.
WAAREEINDO Stock Price Movement
Today, Indosolar Limited shares edged higher to close at ₹540.85, marking a solid 5.00% gain in trading. The equity saw strong investor interest, completing the day on a volume of 330,070 shares.Source:
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