Jet Solar Limited , formerly known as Jet Infraventure Limited, held its Board of Directors meeting on Friday, May 8, 2026, wherein the board considered and approved the audited financial results for the half year and financial year ended March 31, 2026. The meeting, held at the company's registered office in Kandivali (W), Mumbai, commenced at 12:00 Noon and concluded at 12:30 P.M. The filing was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was digitally signed by Company Secretary and Compliance Officer Krunal Shah.

Financial Performance Overview

For the full financial year ended March 31, 2026, Jet Solar Limited reported a net profit of ₹3.52 lakhs, compared to ₹4.04 lakhs in the previous year. Total income for the year stood at ₹208.86 lakhs, up from ₹130.50 lakhs in the prior year. Revenue from operations for the year was ₹54.50 lakhs, marginally higher than ₹54.41 lakhs recorded previously. Other income rose significantly to ₹154.36 lakhs from ₹76.09 lakhs. The statutory auditor, Mittal & Associates (Firm Registration No. 106456W), issued an audit report with an unmodified opinion on the financial results.

The following table summarizes the key financial metrics for the periods under review (₹ in Lakhs):

Balance Sheet Highlights

As at March 31, 2026, the company's total assets stood at ₹2,216.38 lakhs, compared to ₹2,266.40 lakhs as at March 31, 2025. Shareholders' funds increased to ₹2,077.28 lakhs from ₹1,786.48 lakhs, driven by a rise in share capital to ₹1,187.60 lakhs and reserves and surplus of ₹889.68 lakhs. Current liabilities declined significantly to ₹139.10 lakhs from ₹479.92 lakhs, reflecting a reduction in other current liabilities. The paid-up equity share capital carries a face value of ₹10 per share.

Cash Flow Summary

For the year ended March 31, 2026, net cash used in operating activities was ₹(416.92) lakhs, compared to ₹(246.14) lakhs in the previous year. Net cash from investing activities was ₹161.35 lakhs, primarily driven by proceeds from the sale of property, plant and equipment of ₹102.66 lakhs and interest received of ₹58.69 lakhs. Net cash from financing activities was ₹287.28 lakhs, supported by proceeds from capital of ₹182.40 lakhs and share premium of ₹200.64 lakhs. Cash and cash equivalents at the end of the year stood at ₹36.50 lakhs, up from ₹4.79 lakhs at the beginning of the year.

Re-appointment of Independent Director

The board also approved the re-appointment of Mr. Dipesh Maru (DIN: 09338263) as Non-Executive Independent Director for a second term of five consecutive years, from October 1, 2026, to September 30, 2031, subject to approval by members of the company through a Special Resolution. The re-appointment was based on the recommendation of the Nomination and Remuneration Committee. Mr. Maru has confirmed his compliance with the independence criteria under Section 149 of the Companies Act, 2013, and Regulation 16 of the Listing Regulations. He has over 25 years of experience in the garment industry, with expertise in export, finance, strategic planning, and international business relations, and holds a graduate degree from Mumbai University.

Trading Window and Regulatory Compliance

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window had been closed since April 1, 2026, and will remain closed until 48 hours after the declaration of the audited financial results. The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their respective meetings held on May 8, 2026. The results have been prepared following the same accounting policies as those applied for the annual financial statements for the year ended March 31, 2025. The company has noted that there are no investor complaints received or pending as on March 31, 2026.

Jet Solar Limited has filed a regulatory compliance document with BSE Limited claiming exemption from SEBI Regulation 24A under the provisions of Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The filing, dated April 14, 2026, outlines the company's eligibility criteria for this regulatory exemption.

Exemption Criteria and Company Status

The company's exemption claim is based on specific regulatory provisions that exempt certain categories of listed entities from Regulation 24A requirements. The exemption applies to companies meeting either of two conditions as on the last day of the previous financial year.

Regulatory Framework

Under Regulation 15(2) of SEBI LODR Regulations 2015, Regulation 24A shall not apply to two specific categories of listed entities:

• Listed entities with paid-up equity share capital not exceeding Rs. 10 crores and net worth not exceeding Rs. 25 crores as on the last day of the previous financial year
• Listed entities which have listed their specified securities on the SME Exchange

Company Background

Jet Solar Limited, formerly known as Jet Infraventure Limited, operates under the tagline "The Smart Choice for Tomorrow." The company trades on BSE Limited under script code 538794. The regulatory filing was signed by Krunal Sailesh Shah, who serves as the Company Secretary and Compliance Officer.

Filing Details

The compliance document was submitted to the BSE Limited Compliance Department at Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai. The filing requests the exchange to take the exemption claim on record, ensuring proper regulatory compliance under the applicable SEBI regulations.

The company's dual qualification under both the capital threshold criteria and SME Exchange listing status strengthens its position for claiming the regulatory exemption from SEBI Regulation 24A requirements.