Ahasolar Technologies posted a consolidated net profit of ₹20.55 lakh for the financial year ended March 31, 2026, reversing a net loss of ₹95.55 lakh in FY25. The Ahmedabad-based CleanTech firm also reported a 58.6% year-on-year increase in consolidated revenue, reaching ₹919.69 lakh from ₹579.88 lakh.

Financial Performance

The company’s turnaround was driven by significant growth in its trading operations, which are now primarily recorded through its wholly-owned subsidiary, RTC Energy Private Limited. Consolidated EBITDA improved to ₹79.90 lakh from a negative ₹50.79 lakh in the previous fiscal year.

On a standalone basis, Ahasolar reported a net profit of ₹16.83 lakh compared to a loss of ₹101.58 lakh in FY25. However, standalone revenue declined sharply by 71.8% to ₹109.87 lakh from ₹389.98 lakh.

What the Numbers Show

The divergence between consolidated and standalone figures highlights a strategic shift in the company's operational structure. The auditor’s report notes that significant trading-of-goods operations were transferred to the subsidiary during the period. Consequently, while the parent entity's revenue contracted due to reduced direct trading activity, the consolidated group benefited from the subsidiary's higher turnover, resulting in overall profitability.

Balance Sheet and Cash Flow

Ahasolar closed its cash credit facility with HDFC Bank before September 2025, reducing short-term borrowings to ₹2.37 lakh from ₹71.22 lakh in FY25. The debt-equity ratio improved significantly to 0.004 from 0.05. Cash and cash equivalents stood at ₹140.66 lakh as of March 31, 2026, down from ₹702.31 lakh in the prior year, reflecting capital expenditure on property, plant, and equipment totaling ₹677.68 lakh.

Corporate Governance

The Board did not declare a dividend for FY26, opting to conserve resources for future prospects. Independent Director Ashokkumar Ratilal Patel passed away on December 13, 2025. Mr. Dinesh Chhabildas Shah was appointed as an additional independent director effective March 5, 2026. The company will hold its 9th Annual General Meeting on September 28, 2026, via video conferencing.

Ahasolar Technologies has scheduled its ninth annual general meeting for September 28, 2026. The meeting will be held via video conferencing or other audio-visual means at 11:00 am IST. The board approved this schedule during a session on August 25, 2026.

The company notified the BSE Limited regarding the e-voting facility pursuant to Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014. The decision also aligns with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the register of members and transfer books will remain closed from September 22 to September 28, 2026, in compliance with Regulation 42 of SEBI (LODR) Regulations, 2015.

AGM Details

The board approved the Director’s Report along with its annexures for the financial year ended March 31, 2026. Shareholders must hold records as of September 21, 2026, to attend and vote at the meeting. The book closure period runs from September 22 to September 28, 2026, both days inclusive.

Director Appointments

The agenda includes two key director-related resolutions. First, shareholders will consider the reappointment of Mr. Shatrughan Harinarayan Yadav (DIN: 09642921), who retires by rotation. He holds 1,48,986 equity shares as of March 31, 2026, and seeks reappointment with a salary cap of up to ₹110 lakh per annum including perquisites.

Second, the board recommended regularizing the appointment of Mr. Dinesh Shah (DIN: 02325648) as a non-executive independent director. This appointment is subject to approval by members at the upcoming annual general meeting. Mr. Shah, a Chartered Accountant and lawyer with over 40 years of experience, was initially appointed as an additional director on March 5, 2026. His term will run for five consecutive years from March 5, 2026, to March 4, 2031.

Scrutinizer

The company appointed M/s. Mukesh H. Shah & Co., Company Secretaries based in Ahmedabad, as the scrutinizer for e-voting at the ninth annual general meeting.