Outcome of Board Meeting held on 07th May 2026

Pat Growth 25pctRevenue Growth 20pctEbitda Margin ExpansionEmphasis Of MatterExceptional ItemRelated Party TransactionsResults View source PDF Explain this filing

VIKRAMSOLR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-4.9%Reaction day

₹225.80

prior close

₹225.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%-4.8% vs market

Other Electrical Equipment peers, median of 49sector-0.1%-4.8% vs sector

On the reaction day the stock moved 4.8 pts less than Nifty Microcap 250 and 4.8 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.4

10m

-0.9

15m

-0.7

30m

-2.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.9-0.1-4.8-0.1-4.8

Next day

-5.8-1.5-4.3-1.4-4.4

-8.1-4.5-3.6-4.4-3.7

-8.3-3.9-4.4-3.9-4.4

-8.1-3.6-4.5-3.7-4.4

-7.4-4.0-3.4-4.8-2.6

-11.0-4.9-6.1-6.1-4.9

15d

-12.8-2.7-10.1-6.3-6.4

-7.7-2.5-5.2-8.1+0.3

-18.6+2.7-21.3-7.6-11.0

-30.3+8.4-38.7-4.5-25.7

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 49Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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).

Likely market impact

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.