Solar Industries India Limited has announced the appointment of Smt. Reena Jha Tripathi (DIN: 11022528) as an Additional Director in the category of Non-Executive Independent Director, effective May 15, 2026. The Board of Directors approved the appointment at its meeting held on May 15, 2026, acting on the recommendation of the Nomination and Remuneration Committee. The appointment is subject to the approval of the company's shareholders in accordance with applicable regulatory requirements.

Appointment Details

The key particulars of the appointment, as disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are summarised below:

Profile of Smt. Reena Jha Tripathi

Smt. Reena Jha Tripathi brings a distinguished professional background to the board. She holds advanced qualifications in law and management, with executive programmes completed at IIM Bangalore, Syracuse University, and Hull Business School. Her academic credentials are complemented by an extensive career in public service spanning over 36 years.

Smt. Reena Jha Tripathi is a former IRS (Income Tax) officer of the 1988 batch, having superannuated in January 2025 at the Apex Scale (Level 17). Her career encompassed a broad range of responsibilities, including:

• Tax administration, investigation, and litigation
• Representation of the Department before the Income Tax Appellate Tribunal (ITAT), High Courts, and the Supreme Court of India
• Leadership of major recruitment initiatives at the Department of Personnel and Training (DoPT), Western Zone

Regulatory Compliance

The intimation has been made in compliance with Regulation 30(2) read with sub-regulation 7 of Part A of Schedule III of the SEBI Listing Regulations, as well as SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Solar Industries India Limited has confirmed that Smt. Reena Jha Tripathi is not related to any of the existing Directors of the Company and is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other such authority.

Solar Industries has reported a significant improvement across key financial metrics for the fourth quarter, with consolidated net profit rising to 5.5B rupees compared to 3.22B rupees in the year-ago period, comfortably exceeding analyst estimates of 4.77B rupees. Alongside strong quarterly results, the company has issued upgraded guidance for FY27, including an expectation of 30% growth in exports, signalling continued confidence in its growth trajectory.

Strong Revenue and Profitability Growth

The company's quarterly revenue surged to 31B rupees from 21.7B rupees in the corresponding period last year, marking a substantial year-on-year increase. This top-line expansion was accompanied by meaningful margin improvement, signalling enhanced operational efficiency during the quarter. The following table summarises Solar Industries' key financial metrics for the quarter compared to the year-ago period:

EBITDA and Margin Expansion

EBITDA for the quarter stood at 8.3B rupees, up from 5.4B rupees year-on-year, reflecting strong earnings growth at the operating level. The EBITDA margin improved to 27.1% from 24.9% in the year-ago quarter, indicating that revenue growth was accompanied by better cost management and operating leverage during the period.

Net Profit Beats Estimates

Consolidated net profit of 5.5B rupees for the quarter surpassed the analyst consensus estimate of 4.77B rupees, representing a notable beat. This compares favourably to the 3.22B rupees reported in the same quarter of the previous year, highlighting the company's ability to convert higher revenues into stronger bottom-line outcomes.

FY27 Guidance: Revenue, Capex, and Export Growth Raised

Building on its strong quarterly performance, Solar Industries has issued upgraded guidance for FY27. The company has increased its revenue guidance by 42% to ₹14,000 crore and raised its capital expenditure guidance by 32% to ₹2,050 crore, reflecting its commitment to scaling operations and investing in future growth. Additionally, the company expects exports to grow by 30% in FY27, underscoring its ambitions to expand its international footprint.

The defence segment remains a key growth driver, with the company setting its FY27 defence revenue guidance at 45B rupees, compared to the FY26 guidance of 30B rupees. The following table outlines the key guidance parameters: