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Ahasolar Technologies' board, meeting on 27th May 2025, approved audited financial results for FY25 with an un-qualified (clean) opinion from statutory auditor K.C. Parikh & Associates. On a standalone basis, total income fell to Rs. 3,899.75 lakhs from Rs. 4,203.81 lakhs, and the company swung to a net loss of Rs. 101.58 lakhs versus a Rs. 4.21 lakh profit in FY24. Consolidated revenue, however, grew to Rs. 5,798.83 lakhs but also ended in a Rs. 95.55 lakh loss. Cash flow from operations was negative at Rs. 183.91 lakhs (standalone). Statutory auditor K.C. Parikh resigned citing a fee dispute (their hike was rejected by management), and M/s. Ambalal Patel & Co LLP was appointed to fill the casual vacancy, pending shareholder approval. JHS & Associates LLP and Mukesh H. Shah & Co. were named as Internal and Secretarial Auditors for FY26.
Shareholders should note the swing to a loss on both standalone and consolidated books, declining standalone revenue, and continued negative operating cash flow. The mid-year statutory auditor changeover (driven by fees, not audit concerns) and clean opinion limit governance concerns, but profitability and cash generation remain weak points to watch.