45th Annual Report of the Company
Awaiting price reaction for this filing.
Onix Solar Energy Ltd has submitted its 45th Annual Report for FY 2024-25 to BSE. The company manufactures solar panels and trades solar modules. Total revenue surged from Rs. 1.89 lakhs in FY24 to Rs. 2,980.62 lakhs in FY25. Profit after tax rose to Rs. 145.39 lakhs from Rs. 21.00 lakhs in the previous year. The board has not recommended any dividend, and Rs. 117.79 lakhs was transferred to reserves. The company is also proposing the appointment of a new statutory auditor (M/s S.D. Mehta & Co) and a new secretarial auditor (M/s H Togadiya & Associates) at the upcoming AGM on September 30, 2025.
Investors should note the dramatic jump in revenue and profitability, along with a change in statutory auditor, which is a key governance event. The sharp revenue increase from a very low base suggests a business ramp-up in solar panel operations, but shareholders should review the full report for sustainability of these numbers.