Indosolar Limited has informed the Exchange regarding Appointment of as Other of the company w.e.f. July 18, 2025.
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Indosolar Limited reported strong Q1 FY26 results with revenue from operations of ₹19,467.57 lakhs and profit after tax of ₹11,679.26 lakhs, compared to a loss of ₹498.04 lakhs in Q1 FY25. The PAT was boosted by recognition of deferred tax assets of ₹6,163.51 lakhs. EPS stood at ₹28.07. This is the first full quarter of commercial operations at the Greater Noida factory, which commenced in July 2024. Separately, Independent Director Nilesh Bhogilal Gandhi resigned citing personal reasons, effective July 18, 2025, and Mr. Shiv Kumar Agarwal, a retired IAS officer, was appointed as an Additional Non-Executive Independent Director for a 5-year term. The Board also appointed new internal, secretarial, and cost auditors, and scheduled the 16th AGM for August 29, 2025.
The strong quarterly turnaround — driven by a full quarter of factory output and a one-time deferred tax gain — should boost investor sentiment, though the underlying profitability (₹5,515.75 lakhs PBT) is the more sustainable indicator. The director changes appear routine with a clean succession, and no governance red flags are evident.