Fujiyama Power Systems Limited has informed the Exchange about the Outcome of the Board Meeting
UTLSOLAR · price
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On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Fujiyama Power Systems reported strong FY26 results with revenue growing 72% to Rs. 26,545 million and PAT jumping 95% to Rs. 3,041 million. The board approved setting up a 1.2 GW TOPCON solar cell facility at Ratlam, Madhya Pradesh (investment ~Rs. 350 crore) and commissioned a 2 GW solar panel manufacturing line at the same location, taking total panel capacity to 3,568 MW. A major fire at the Bawal battery manufacturing facility on May 6, 2026 caused estimated damage of Rs. 1,576 million (inventory Rs. 105 crore + fixed assets Rs. 90 crore). The auditors issued an unmodified opinion with an emphasis of matter on the fire incident, classified as a non-adjusting post-reporting period event. The company also acquired 31% stakes in Zayo Energy and Zayo Cables Private Limited.
Strong financial growth and capacity expansion are positive signals, but the fire incident at the Bawal facility creates near-term operational uncertainty and potential insurance/repair costs. The stock may see volatility until the full impact is assessed.