Solex Energy Limited has informed the Exchange regarding Change in Director(s) of the company.
SOLEX · price
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Solex Energy Limited reported strong FY2026 results with consolidated revenue of ₹16,180.63 million, up 144% from ₹6,622.23 million in FY2025. Profit after tax (PAT) grew 133% to ₹982.52 million from ₹422.26 million. The auditor issued an unmodified opinion confirming clean financials. The Board approved re-appointment of Dr. Chetan Shah as Chairman & Managing Director and Mr. Piyush Chandak as Whole-Time Director, along with re-appointing retiring directors Dr. Chetan Shah and Mr. Kalpeshkumar Patel. Internal auditor M/s Savjani & Associates and Cost auditor M/s P.K. Chatterjee & Associates were also re-appointed for FY2026-27. The company also incorporated a new wholly-owned subsidiary, Solex New Energy Private Limited, in July 2025 for photovoltaic cell manufacturing.
The company delivered exceptional revenue and profit growth exceeding 100% YoY, indicating strong business momentum in the solar energy sector. The clean audit opinion and positive operating cash flow of ₹2,006.91 million (turning from negative ₹404.58 million) are positive signals for shareholders. Leadership continuity with key director re-appointments provides stability.