Solex Energy Holds 12th AGM, Discusses FY26 Performance and Future Growth
Solex Energy's 12th AGM on Sept 22, 2026, reviewed FY26 results: ₹16,211M revenue (143.9% growth), ₹1,867M EBITDA, ₹983M PAT. Order visibility reached ₹34,000M. Future plans include ₹40,000M investment for 5.2 GW cell capacity and 5 GWh BESS by FY29. A dividend of ₹0.55 per share was declared.
The substantial investment program, significant revenue growth, and strategic expansion into new capacities like solar cells and BESS have a high impact on the company's future prospects and market position.
The company reported significant financial growth and outlined ambitious expansion plans for solar cell manufacturing and BESS, indicating a positive outlook.
Solex Energy Limited held its 12th Annual General Meeting (AGM) on Tuesday, September 22, 2026, conducted via video conferencing. The meeting commenced at 12:30 PM IST and concluded at 12:51 PM IST.
During the AGM, the company presented its financial performance for the Financial Year 2025-26. Key highlights included revenue of ₹16,211 million (representing a growth of 143.9% over the previous year), EBITDA of ₹1,867 million, and profit after tax of ₹983 million. The order visibility for the company has crossed ₹34,000 million.
Chairman and Managing Director, Dr. Chetan Shah, addressed shareholders, emphasizing the company's long-term vision and strategic initiatives. These include strengthening its position across the solar value chain, expanding into solar cell manufacturing with plans for 5.2 GW capacity by early FY29, and developing Battery Energy Storage Systems (BESS) with an initial 5 GWh capacity by FY29. The company also outlined its international expansion plans with Solex Europe and Solex USA.
A significant investment program of approximately ₹40,000 million is planned between FY27 and FY30 to support this expansion. The company is targeting a revenue potential of more than ₹45,000 million by FY28. The AGM also included the transaction of ordinary and special business items, such as the adoption of audited financial statements for FY2025-26, declaration of a final dividend of ₹0.55 per equity share, re-appointment of directors, and approvals for inter-corporate loans and related party transactions.
The results of the e-voting will be declared within two working days and will be available on the company's website, stock exchanges, and NSDL's website.
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