Indosolar Limited has informed the Exchange regarding Appointment of Abhishek Pareek as Chief Financial Officer of the company w.e.f. April 20, 2026.
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Indosolar Limited, a Waaree Group company, announced the appointment of Mr. Abhishek Pareek as Chief Financial Officer and Key Managerial Personnel effective April 20, 2026. The company also appointed Mr. Nilesh Bhogilal Gandhi as an additional independent director and reappointed internal and cost auditors. The board approved audited financial results showing strong performance: revenue more than doubled to Rs 67,985 lakhs from Rs 32,391 lakhs year-over-year, while profit after tax increased over 4x to Rs 24,660 lakhs from Rs 5,478 lakhs. Total assets grew to Rs 34,440 lakhs from Rs 24,076 lakhs. EPS improved significantly from Rs 13.17 to Rs 59.27. The company recognized deferred tax assets of Rs 6,164 lakhs during the year. Commercial operations at the Greater Noida factory commenced from July 2024.
Strong financial performance with over 4x profit growth and doubled revenue reflects successful ramp-up of solar manufacturing operations. The appointment of a CFO with extensive treasury and investment experience from the Waaree Group could strengthen financial oversight.