Websol Energy System Announces Board Decisions and Releases Unaudited Quarterly Financial Results
Websol Energy System Limited disclosed key outcomes of its recent board meeting, including appointments of new directors and company secretary, alongside releasing unaudited financial results for the quarter ended June 30, 2026.The Board Meeting held on August 10, 2026, considered several matters concerning the composition and management structure of the company. The company also reported the repayment of an outstanding term loan availed from Indian Renewable Energy Development Agency Limited (IREDA) on August 4, 2026, using internal accruals.
Key Management Appointments and Changes
The board decisions included the appointment of new directors and the designation of a Company Secretary.Mr. Sanjay Kumar was appointed as an Additional Non-Executive Non-Independent Director with effect from August 10, 2026. Mr. Kumar brings extensive strategic leadership experience, having held senior positions at Hindustan Petroleum Corporation Limited (HPCL), where he focused on Institutional Business and Corporate Strategy.
Mr. Dinesh Agarwal was appointed as an Additional Non-Executive Independent Director effective August 10, 2026. His term of appointment is set for five consecutive years, subject to shareholder approval at the ensuing Annual General Meeting. Mr. Agarwal has over 33 years of experience in tax and regulatory advisory from his association with Ernst & Young LLP, India.
Mr. Rajeewa R Arya, a Director who retires by rotation, expressed his unwillingness to be reappointed due to personal reasons and will retire at the conclusion of the ensuing Annual General Meeting.
Furthermore, Mr. Ashok Purohit was appointed as Company Secretary and Compliance Officer, effective August 10, 2026. Mr. Purohit is a Fellow Member of the Institute of The Company Secretaries of India (ICSI) and has expertise in corporate laws and securities regulations.
Financial Performance Snapshot
Websol Energy System Limited provided unaudited financial results for the quarter ended June 30, 2026, which were reviewed by the company’s Audit Committee.Standalone Financial Results (Quarter Ended June 30, 2026)
The unaudited standalone financial results showed specific performance indicators across multiple quarters and years.| PARTICULARS | Quarter Ended 30.06.2026 (Unaudited) | Quarter Ended 31.03.2026 (Audited) | Quarter Ended 30.06.2025 (Unaudited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 372.60 | 40,145 | 21,875 | 1,049.44 |
| Other Income | 438.00 | 293.00 | 218.00 | 9.87 |
| Total Income | 376.98 | 404.38 | 220.93 | 1,059.31 |
| Total Expenses | - | - | - | - |
| Profit before tax (PBT) | 103.97 | 121.91 | 90.90 | 360.85 |
| Profit for the period | 77.79 | 124.67 | 90.96 | 359.50 |
Consolidated Financial Results (Quarter Ended June 30, 2026)
The consolidated financial results provide a broader view of the Group’s performance for the quarter ended June 30, 2026.| PARTICULARS | Quarter Ended 30.06.2026 (Unaudited) | Quarter Ended 31.03.2026 (Audited) | Quarter Ended 30.06.2025 (Unaudited) | Year Ended 31.03.2025 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 37,260 | 10,145 | 21,875 | - |
| Other Income | 438.00 | 293.00 | 218.00 | 987.00 |
| Total Income | 376.98 | 30,435 | 22,093 | 105,931 |
The Group's primary business activity remains the manufacturing of Solar photovoltaic cells and modules. The consolidated results reflect the operations of the Holding Company and its wholly owned subsidiary, Websol Renewables Private Limited.
WEBELSOLAR Stock Price Movement
Websol Energy System Limited shares slipped by 1.44% on trading today, finally settling at ₹94.49 in post-market activity. The stock recorded a volume of 2.17 million shares, finishing the session within a daily range bounded by a low of ₹93.2 and a high of ₹97.3.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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