Board approves Q1 FY27 results, restated figures, CS change
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The board approved Q1 FY27 unaudited results showing revenue from operations of 7,576.40 lakhs versus 10,871.41 lakhs in Q1 FY26, a decline of about 30 percent. Profit after tax fell to 577.09 lakhs from 1,519.58 lakhs. Comparative figures were restated due to a scheme of amalgamation with Citizen Solar Private Limited effective April 2023. Auditor Krutesh Patel and Associates issued an unqualified opinion with an emphasis of matter on the restatement. Ms. Reena Shah resigned as Company Secretary and Mr. Abhijit Roy was appointed in her place. AGM is set for 21 September 2026.
Revenue and profit fell sharply year on year. Auditor flagged restatement of prior figures. Key managerial change at the Company Secretary level. Watch for AGM outcomes.