I-Power Solutions India Ltd is not required to disclose related party transactions for the half year ended March 31, 2026, due to an exemption under SEBI regulations. The company's paid-up equity share capital and net worth as on March 31, 2025, fall below the thresholds specified in Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Consequently, the corporate governance provisions, including Regulation 23(9), do not apply to the entity.

The company submitted a filing to the Bombay Stock Exchange on May 26, 2026, detailing its financial metrics that qualify it for the exemption. Under the regulations, listed entities with a paid-up equity share capital not exceeding ₹10 crore and a net worth not exceeding ₹25 crore are exempt from specific compliance requirements.

Financial metrics as on March 31, 2025

The company confirmed that its paid-up capital of ₹4,44,90,000 and net worth of ₹3,48,14,013 are below the prescribed limits of ₹10 crore and ₹25 crore respectively. Therefore, Regulation 23(9), which mandates the disclosure of related party transactions on a consolidated basis, is not applicable.

I-Power Solutions India Ltd has undertaken to comply with the relevant regulations within six months from the date the provisions become applicable in the future. The filing was signed by Rajendra Nanawadekar, Managing Director.

I-Power Solutions India Limited reported a net loss of ₹100.31 lakh for the financial year ended March 31, 2026, widening from a loss of ₹62.03 lakh in the previous year. The board approved the audited standalone financial results at its meeting held on May 26, 2026. Revenue from operations remained nil for the year, while total other income rose to ₹25.15 lakh from ₹1.59 lakh in FY25.

Financial Performance

The company’s total expenses for FY26 increased to ₹143.06 lakh from ₹63.45 lakh in the prior year, primarily driven by other administrative expenses and changes in the value of investments. The profit before tax for the year stood at a loss of ₹95.87 lakh compared to a loss of ₹61.86 lakh in FY25. The board also approved the standalone audited Ind AS financial results along with the Independent Auditor’s Report.

Auditor and Governance Updates

Statutory Auditors Anant Rao & Mallik issued an unmodified opinion on the standalone financial statements for FY26. The audit was conducted in accordance with the Standards on Auditing specified under the Companies Act, 2013. The board re-appointed Mr V. R. Sridharan, Chartered Accountant, as the Internal Auditor of the company for the financial year 2026–2027.

Balance Sheet and Cash Flows

The company’s balance sheet as of March 31, 2026, showed total assets of ₹593.31 lakh, a decrease from ₹609.73 lakh in the previous year. Equity share capital increased to ₹589.90 lakh from ₹444.90 lakh. Cash and cash equivalents improved to ₹45.97 lakh from ₹32.95 lakh at the end of FY25. The net cash flow from operating activities was negative at ₹241.45 lakh, while investing activities provided a net inflow of ₹177.41 lakh.