Vikram Solar Limited has submitted to the Exchange, the Outcome of Board Meeting held on 07th May 2026
VIKRAMSOLR · price
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Vikram Solar Limited's Board approved audited FY26 results showing strong performance with standalone revenue of ₹48,034 million (up 40.6% from ₹34,155 million) and PAT of ₹4,691 million (up 237% from ₹1,391 million). EPS improved to ₹13.65 from ₹4.59. Key leadership changes include appointment of Sameer Nagpal as Whole-time Director & CEO, and re-appointment of Chairman Gyanesh Chaudhary for 3 years. The Board approved a massive ₹3,726 crore capital expenditure to establish a 6 GW backward-integrated wafer and ingot facility at Gangaikondan, Tamil Nadu by FY29, marking the company's transition from component provider to fully integrated solar leader. Auditors issued unmodified opinion with emphasis of matter on two contingent matters: ₹1,485.20 million safeguard duty receivable (subjudice) and ₹528.09 million trade receivables under dispute resolution.
Exceptional PAT growth and revenue expansion signal strong operational performance. The ₹3,726 crore capex plan represents a transformative bet on India's solar manufacturing indigenization, requiring significant capital deployment through FY29. Contingent liabilities related to safeguard duty and EPC disputes remain as risk factors.