Solar Industries has confirmed the full repayment of its ₹75 crore commercial paper issued on June 19, 2026. The company settled the obligation on the maturity date of September 17, 2026.

The instrument was issued in favor of Kotak Mahindra Bank Limited. Solar Industries disclosed the transaction under Regulation 30 and Regulation 57 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Transaction Details

The commercial paper carried an ISIN of INE343H14220. The company met the payment obligation precisely on the scheduled due date.

Khushboo Pasari, Company Secretary and Compliance Officer, signed the certificate confirming the fulfillment of the payment obligation. The disclosure was filed with both the National Stock Exchange of India Limited and BSE Limited.

Solar Industries India Limited has made the full transcript of its investor conference call available. The session, held on September 15, 2026, focused on the proposed acquisition of Omnia Holdings Limited by Solar SA Investments Proprietary Limited.

The company issued the intimation to the National Stock Exchange of India Limited and BSE Limited on September 17, 2026. The transcript is accessible via the company’s website.

Call Details

The conference call was hosted by ICICI Securities Limited on September 15, 2026, at 10:30 am IST. Investors participated via universal or toll-free numbers provided by the host.

Management Participation

Key executives from Solar Industries participated in the discussion. The management team included:

• Manish Nuwal, Managing Director & CEO
• Suresh Menon, Executive Director
• Milind Deshmukh, Executive Director
• Moneesh Agarwal, Joint CFO
• Shalinee Mandhana, Joint CFO

Strategic Rationale and Financial Outlook

Management highlighted that the acquisition aims to create an integrated global platform for commercial explosives and blasting solutions. The deal is expected to significantly expand operations across Africa and other international markets.

Key Financial Projections

During the call, management outlined projected consolidated figures for FY28:

Solar Industries currently projects revenue of around ₹14,000 crore for the current fiscal year. Management indicated that adding 17% to 20% growth would bring Solar’s standalone revenue to approximately ₹16,500 crore in FY28. Omnia’s top line was reported at ₹13,300 crore last year, with projections of ₹15,000 crore plus for FY28.

Funding and Synergies

The acquisition is structured as an all-cash deal. Management stated no equity issuance is planned. Instead, the transaction will be funded through internal accruals and debt, primarily leveraged at the acquired entity level using Omnia’s balance sheet cash surplus.

Synergies are expected to arise from vertical integration, particularly in ammonium nitrate production. Omnia’s manufacturing facilities will support Solar’s explosives value chain, enhancing supply security and cost competitiveness. The combined entity aims to expand its distribution presence from 90 countries to over 100, and manufacturing footprint from 11 countries to 25.

Regulatory Disclosure

The intimation regarding the transcript was issued pursuant to Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Khushboo Pasari, Company Secretary & Compliance Officer, signed the disclosure.