Indosolar Limited has informed the Exchange about appointment of M/s N Ritesh and Associates, cost accountants as cost auditor of the Company to conduct cost audit of the Company for the financial year 2026-2027 subject to approval of the shareholders.
WAAREEINDO · price
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Indosolar Limited (Waaree group company) announced outcomes from its April 20, 2026 board meeting. The company reported strong FY2026 results with revenue doubling to ₹67,985 lakh from ₹32,391 lakh, and profit after tax surging over 4x to ₹24,660 lakh from ₹5,478 lakh. EPS improved significantly to ₹59.27 from ₹13.17. The company commenced commercial operations at its Greater Noida factory in July 2024. Key appointments include Mr. Nilesh Gandhi as Independent Director (with 40+ years experience in finance and investment), Mr. Abhishek Pareek as CFO (from Waaree Energies), M/s Mahajan & Aibara as internal auditor, and M/s N Ritesh and Associates as cost auditor for FY 2026-27.
The company shows exceptional financial turnaround with revenue and profit multiplying significantly. Strong appointment of experienced board members and CFO from the Waaree group signals continued governance strengthening under the parent. Shareholders should benefit from the operational ramp-up and improved profitability.