Board of Directors of the Company at its meeting held today i.e. May 23, 2026, inter alia, considered and approved/took note of the following matters: 1. Approved Standalone Audited Financial ....
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GRE Renew Enertech Ltd reported strong FY2026 results with standalone revenue growing 44.8% to Rs 11,534.72 Lakhs (vs Rs 7,965.87 Lakhs in FY2025) and consolidated revenue at Rs 12,292.16 Lakhs. Standalone PAT jumped 72.4% to Rs 1,207.82 Lakhs while consolidated PAT rose 93.3% to Rs 1,357.74 Lakhs. Basic EPS improved from Rs 6.70 to Rs 12.08 on consolidated basis. The company completed its IPO in January 2026 (37.68 lakh shares at Rs 105 each). The Board approved variation in IPO proceeds: Rs 2.06 crore allocated for automated solar panel cleaning system will be reallocated to general corporate purposes (subject to shareholder approval), and project capacity was slightly revised from 9.99 MW DC to 9.67 MW DC. Statutory auditors issued an unmodified opinion on both standalone and consolidated financials.
The company delivered exceptional growth with PAT growth exceeding 70%, indicating strong operational performance. The IPO fund reallocation and minor project capacity change are non-material and do not affect core business viability. Unmodified audit opinion confirms financial statement reliability.