Solex Energy Limited has informed the Exchange regarding Change in Auditors of the company.
SOLEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Solex Energy Limited reported strong financial performance for FY2026. Standalone revenue grew 135% to Rs 15,552.80 million from Rs 6,600.47 million, while standalone net profit increased 128% to Rs 888.98 million from Rs 390.34 million. Consolidated revenue was Rs 16,180.63 million with net profit of Rs 982.52 million. Total assets nearly doubled from Rs 4,851.91 million to Rs 11,391.90 million. The Board approved re-appointment of Dr. Chetan Shah as Chairman & Managing Director, Mr. Piyush Chandak as Whole-Time Director, and reappointed directors retiring by rotation. Internal and cost auditors were also reappointed. The headline mentioned a change in auditors, but the actual filing shows no change – M/s Maheshwari & Co. continued as statutory auditors issuing an unmodified opinion.
Strong financial growth reflects robust demand in the solar energy sector. The continuation of current management and auditors provides stability. The 135% revenue growth is positive for shareholders, though the misleading headline about auditor change may cause temporary confusion.