Epic Energy reported a 45% decline in consolidated net profit to ₹69.43 lakh for the financial year ended March 31, 2026, compared to ₹130.54 lakh in the previous year. Total revenue increased by 14% to ₹487.15 lakh for the same period, driven primarily by the Renewable Energy Solutions segment, which contributed ₹377.56 lakh. The company's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 28, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹33.38 lakh, a decrease from ₹63.26 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹187.85 lakh, down from ₹238.07 lakh in the prior year quarter. On a standalone basis, net profit for the full year was ₹72.67 lakh, a decline from ₹131.73 lakh in FY25, while revenue from operations rose to ₹447.21 lakh from ₹426.06 lakh.

The decline in annual profitability was attributed to increased expenses, which rose to ₹417.80 lakh in FY26 from ₹326.21 lakh in the previous year. Finance costs for the year amounted to ₹4.50 lakh compared to ₹0.23 lakh in the prior year. The Earnings Per Share (EPS) on a consolidated basis for FY26 was ₹0.96, down from ₹1.81 in the previous year.

Segment Results

The Renewable Energy Solutions segment remained the primary revenue driver, recording a segment profit before tax of ₹70.06 lakh for the year. The Power Saving Solutions segment reported a profit before tax of ₹0.79 lakh. The EV Charging Infrastructure segment reported a loss before tax of ₹1.91 lakh for the year. The company noted that it is implementing solar energy generation projects in Maharashtra and Gujarat, expected to be commissioned by the end of Q2 FY27.

Cash Flow and Balance Sheet

The company's net cash from operating activities improved significantly to ₹160.40 lakh in FY26 from ₹16.02 lakh in the previous year. This was supported by a substantial increase in trade payables. Cash used in investing activities was ₹628.08 lakh, largely due to additions to fixed assets and investments. Cash and cash equivalents as of March 31, 2026, stood at ₹146.18 lakh, compared to ₹43.14 lakh in the previous year.

On the balance sheet, total assets increased to ₹2,045.71 lakh from ₹1,064.72 lakh in the previous year, driven by a rise in capital work-in-progress to ₹373.88 lakh and investments to ₹256.00 lakh. Total equity and liabilities stood at ₹2,045.71 lakh, with non-current borrowings of ₹175.45 lakh.

Board Approvals

The Board approved the re-appointment of M/s Mukesh M. Chokshi & Co, Chartered Accountants, as the Internal Auditor for the financial year 2026-27 pursuant to Section 138 of the Companies Act, 2013. The statutory auditors, M/s NGST & Associates, issued an unmodified opinion on the audited financial results. The trading window for designated persons will open 48 hours after the dissemination of this announcement.

Epic Energy Limited's board of directors has successfully completed the allotment of 38,00,000 convertible warrants, marking a significant capital raising milestone for the company. The board meeting held on March 24, 2026, approved the preferential allotment following earlier shareholder approval and regulatory clearances.

Warrant Allotment Details

The convertible warrants were allotted at an issue price of Rs.50 per warrant, with investors paying 25% of the issue price upfront as subscription amount. The company has received a total amount of Rs.4,75,00,000 from the warrant subscription.

Investor Composition and Allotment Breakdown

The warrant allotment was distributed among 9 investors spanning both promoter and non-promoter categories. Soleos Solar Energy Pvt. Ltd. emerged as the largest allottee, securing 20,00,000 warrants worth Rs.2,50,00,000.

Regulatory Compliance and Conversion Terms

The allotment was undertaken in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company had received in-principle approval from BSE Limited on March 10, 2026, and shareholder approval through special resolution on December 18, 2025.

Each convertible warrant can be exchanged for one fully paid equity share of face value Rs.10 each. Warrant holders will need to pay the balance consideration of Rs.37.50 per warrant at the time of conversion to equity shares. The conversion process will be conducted within the stipulated timeframe as per regulatory requirements.

Board Meeting Proceedings

The board meeting commenced at 11:15 AM and concluded at 11:55 AM on March 24, 2026. Company Secretary Sandipkumar Gupta signed the regulatory filings, ensuring compliance with SEBI Listing Regulations and related circulars. The company has committed to inform stock exchanges about warrant conversions or lapses as they occur.