Indosolar Ltd Approves FY26 Financial Results and Appoints Key Officials
Indosolar Ltd confirmed its financial results and key operational appointments following its Board Meeting held on April 20, 2026. The board reviewed the Standalone Audited Financial Results for the quarter and year ended March 31, 2026.The company also approved significant appointments in its leadership and audit functions, including a new independent director, a Chief Financial Officer, and reappointments of its internal and cost auditors for the financial year 2026-2027.
Financial Results for the Year Ended March 31, 2026
The board approved the Standalone Audited Financial Results for the quarter and year ended March 31, 2026. Key performance metrics for the fiscal year were recorded in lakhs:| Particulars | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|
| Total Revenue from Operations | 67,984.85 | 32,390.62 |
| Total Income | 68,136.54 | 32,474.56 |
| Total Expenses | 44,708.08 | 26,996.82 |
| Profit after tax | 24,659.91 | 5,478.19 |
For the quarter ended March 31, 2026, total income stood at 8,423.30 lakhs, compared to 19,258.73 lakhs in the quarter ended March 31, 2025.
Financial Position Summary
As of March 31, 2026, the company reported a Total Assets of 34,440.30 lakhs, significantly up from 24,076.25 lakhs recorded on the same date in 2025.The company's equity structure was detailed as follows:
| Source | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Total Assets | 34,440.30 lakhs | 24,076.25 lakhs |
| Total Equity | 28,700.78 lakhs | 4,041.49 lakhs |
Governance and Key Appointments
During the meeting, the board approved several key professional appointments:- Director Appointment: Mr. Nilesh Bhogilal Gandhi was approved as an additional director and independent director, effective from April 20, 2026.
- CFO Appointment: Mr. Abhishek Pareek was approved as Chief Financial Officer and Key Managerial Officer, effective from April 20, 2026.
- Internal Auditor: Mis Mahajan & Aihara Chartered Accountant LLP was appointed as the internal auditor for the financial year 2026-2027.
- Cost Auditor: M/s N Ritesh and Associates was approved as the cost auditor for the financial year 2026-2027, subject to shareholder approval.
The appointments included details on the expertise of the newly designated officers and auditors. Mr. Nilesh Bhogilal Gandhi is noted as a global business strategist with over three decades of experience in setting up and managing treasury departments. Mr. Abhishek Pareek, a Chartered Accountant, possesses over 18 years of experience in banking, trade finance, budgeting, and forex management.
Cash Flow Highlights
Analyzing the cash flow statement for the year ended March 31, 2026, revealed major shifts in the company's operating activities compared to the previous year.| Cash Flow Component | Year ended March 31, 2026 | Year ended March 31, 2025 |
|---|---|---|
| Net cash generated from operating activities | 7,837.03 | 8,505.36 |
| Net cash used in investing activities | 12,445.68 | (1,971.98) |
| Net cash used in financing activities | (6,585.22) | (5,322.97) |
| Cash and cash equivalents at the end of year | 109.41 | 1,303.28 |
WAAREEINDO Stock Price Movement
Indosolar Limited shares today edged higher, closing at ₹540.85 after gaining 5.00%. The stock saw significant trading activity, which saw it move between a day low of ₹528 and achieved a high of ₹540.85 on a volume of 330,070 shares.Source:
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