Solarworld Energy Solutions promoter confirms no encumbrances in FY26

Pioneer Facor IT Infradevelopers Private Limited, a promoter of solarworld energy solutions , has confirmed that it did not create any encumbrances on the equity shares held by the firm during the financial year ended March 31, 2026. The declaration, made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was submitted to BSE Limited and the National Stock Exchange of India Ltd. on April 6, 2026.

The confirmation ensures that the promoter's shareholding remains free from charges such as pledges or hypothecation, providing transparency to shareholders regarding the status of the equity shares. The disclosure was formally signed by Rishabh Jain, Promoter of Pioneer Facor IT Infradevelopers Private Limited, and addressed to the Audit Committee of Solarworld Energy Solutions Limited.

Regulatory Filing Details

The filing was made to comply with the requirements of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The key details of the disclosure are outlined below:

Entity	Role	Period Covered	Regulation Reference
Pioneer Facor IT Infradevelopers Private Limited	Promoter	FY26 (Year ended March 31, 2026)	Regulation 31(4) of SEBI (SAST) Regulations, 2011

The declaration was submitted to the stock exchanges to ensure the information is available to the investing public and regulatory bodies.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.47%	-8.32%	-6.16%	-33.94%	-40.73%	-40.73%

Solarworld Energy Solutions Limited reported a robust financial performance for the quarter and financial year ended March 31, 2026, with consolidated net profit for FY26 rising 56% year-on-year to ₹1,204.74 million. Total income for the full fiscal year jumped 157% to ₹14,160.66 million, while EBITDA increased 63% to ₹1,879.27 million, reflecting significant operational scaling. The company’s strong execution momentum was supported by a healthy order book and progress in its manufacturing verticals. The Board of Directors approved the audited standalone and consolidated financial results at a meeting held on May 26, 2026. A newspaper advertisement regarding these results was published on May 27, 2026, in the Financial Express and Jansatta, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Q4 & FY26 Financial Performance

The company demonstrated strong momentum across profitability and efficiency metrics. For Q4FY26, net profit surged 420% to ₹490.55 million, while total income jumped 239% to ₹6,069.53 million. The EBITDA margin for Q4FY26 improved to 12.1% from 9.2% in the corresponding previous quarter, while the PAT margin stood at 8.1%. For the full year, the EBITDA margin was recorded at 13.3% with a PAT margin of 8.5%.

Particulars (₹ Mn)	Q4 FY26	Q4 FY25	YoY	FY26	FY25	YoY
Total Income	6,069.53	1,792.61	239%	14,160.66	5,510.85	157%
EBITDA	732.83	164.09	347%	1,879.27	1,155.67	63%
EBITDA Margin (%)	12.1%	9.2%		13.3%	21.0%
Profit After Tax	490.55	94.38	420%	1,204.74	770.48	56%
PAT Margin (%)	8.1%	5.3%		8.5%	14.0%
EPS	5.66	1.27		14.95	10.68

Business Updates and Manufacturing

The company continues to strengthen its market position with a substantial order book of ₹28,130.42 million as of March 31, 2026. Management stated during the earnings call that the ongoing order book stands at approximately ₹28 billion, comprising ₹16 billion from solar EPC and O&M projects, and about ₹11 billion from BESS, EPC, and IPP-related projects. The company is targeting a 60-40 BESS to solar EPC revenue mix to participate in the rapidly expanding storage ecosystem.

Major ongoing projects include ground-mounted solar projects for NTPC Renewable Energy Limited and SJVN Green Energy Limited, as well as Battery Energy Storage System (BESS) projects for Rajasthan Rajya Vidyut Utpadan Nigam Limited and NTPC Limited. During the quarter, the company secured key BESS EPC orders at NTPC thermal power stations in Solapur and Unchahar, aggregating to about 514 megawatt hours with a combined order value of about ₹5 billion, including O&M.

On the manufacturing front, the company’s 1.552 GW module manufacturing facility in Roorkee, Uttarakhand, commissioned in July 2025, is equipped with fully automated lines for high-efficiency TOPCon solar panels. The company’s 3.4 GW fully automated BESS facility is ready with trials underway, while a 5 GW junction box line is under development through a joint venture. Additionally, a 1.2 GW solar cell facility is under development, with commercial operations targeted by June 2027.

Governance and Leadership

The Board of Directors approved the audited standalone and consolidated financial results. Ms. Rini Chordia resigned as Chairperson and Independent Director effective May 26, 2026. Following this, the Board reconstituted its committees, appointing Mr. Subhash Kumar Changoiwala as the Chairperson of the Audit, Stakeholders' Relationship, and Executive Committees. Mr. Kartik Teltia was redesignated as Chairman & Managing Director effective May 27, 2026.

Auditor's Report

M/s S S Kothari Mehta & Co. LLP and M/s DARPN and Company, Joint Statutory Auditors, issued an unmodified opinion on the audited financial results. The auditors noted uncertainties relating to a suspended project with SJVN Green Energy Limited, which is pending adjudication before the Disputes Adjudication Board. The management has stated that no provision is necessary at this stage based on legal advice.