Outcome of Board Meeting held on 07th May 2026
VIKRAMSOLR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vikram Solar reported strong FY26 results with standalone revenue up 40.6% to ₹48,034 million from ₹34,155 million. PAT surged 237% to ₹4,691 million versus ₹1,391 million prior year. EPS (basic) improved to ₹13.65 from ₹4.59. Auditors issued an unmodified (clean) opinion. The Board approved a ₹3,726 crore capital expenditure to establish a 6 GW backward-integrated wafer and ingot facility at Gangaikondan, Tamil Nadu by FY29, as Phase 1 of a 12 GW roadmap. Key leadership changes include appointment of Sameer Nagpal as Whole-time Director & CEO, re-appointment of CMD Gyanesh Chaudhary for 3 years, and re-designation of Neha Agrawal. VSL Green Power Private Limited was designated as a material subsidiary. Note 8 mentions ₹1,485.20 million safeguard duty receivable (subjudice) and Note 9 mentions ₹528.09 million trade receivables withheld by customers (under dispute resolution).
Exceptional financial performance with 237% PAT growth and 40.6% revenue growth signals strong execution. The ₹3,726 crore capex commitment transforms Vikram Solar into an integrated solar manufacturer from component provider. Pending legal disputes (₹2,013 million combined) remain contingent but auditors gave clean opinion.