Solex Energy Limited (SOLEX) — Financial Results(2 announcements)

Solex Energy Limited announced the re-appointment of Maheshwari & Co. as statutory auditor with an unmodified opinion on FY2025-26 financial results, alongside re-appointments of key directors including Dr. Chetan Shah as Chairman & Managing Director and Mr. Piyush Chandak as Whole-Time Director for three years, pending shareholder approval, while revising its Code of Practices for Fair Disclosure to strengthen UPSI compliance and AI governance protocols.

Solex Energy Limited reported FY26 revenue of ₹16,211 Mn, up 143.9% YoY, driven by 247.6% YoY growth in Q4 revenue to ₹8,858 Mn, with EBITDA rising 134.6% to ₹1,867 Mn and PAT increasing 132.7% to ₹983 Mn. The company achieved 11.5% EBITDA margin and 6.1% PAT margin, supported by operational scale and zero-defect manufacturing. Strong cash flow of ₹2,007 Mn and improved working capital to 35 days underpin financial resilience, with net debt-to-equity at 0.57:1 and ROCE at 31.7%. A ₹40,000 Mn MoU with Gujarat Government and $1.5 billion Vision 2030 investment plan signal strategic expansion into integrated solar manufacturing, including 10 GW each of cells, BESS, and modules, positioning Solex as a global clean-tech leader.