Solex Energy Limited has informed the Exchange regarding Outcome of Board Meeting held on May 12, 2025.
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Solex Energy's board met on May 12, 2025 and approved audited standalone and consolidated financial results for the half-year and full year ended March 31, 2025. Standalone revenue from operations jumped to about Rs. 660 crore in FY25 from Rs. 366 crore in FY24, while profit after tax surged to roughly Rs. 39.6 crore from Rs. 8.7 crore, translating to EPS of Rs. 41.29 versus Rs. 10.92. The board recommended a final dividend of Rs. 0.55 per share (5.5% on face value of Rs. 10), subject to shareholder approval. It also re-appointed the internal auditor (Savjani & Associates) and cost auditor (P.K. Chatterjee & Associates) for one year, the secretarial auditor (RPSS & Co.) for five years, Mr. Kalpeshkumar Patel as Whole-Time Director for three years, and two retiring directors (Kiran Shah and Anil Rathi) by rotation. The statutory auditor HRK & Co. issued an unmodified opinion on the results.
Strong FY25 earnings — roughly 80% revenue growth and more than 4x profit growth — along with a modest dividend are positive signals for shareholders. The re-appointments are routine and maintain continuity in management and auditor oversight, with no governance red flags.