Insolation Energy Limited has achieved a significant milestone by receiving in-principle approval from the National Stock Exchange of India Limited (NSE) for migration from the SME Platform of BSE to the Capital Market Segment (Main Board). This development marks an important step in the company's growth trajectory and expansion of its market presence.

Migration Approval Details

The company received the crucial approval on February 19, 2026, as communicated through NSE letter reference number NSE/LIST/64. This follows the earlier in-principle approval received from BSE Limited on January 23, 2026, demonstrating the coordinated approach required for such migrations.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The migration process follows the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2018, ensuring full regulatory compliance throughout the transition.

Next Steps and Timeline

Insolation Energy Limited is currently in the process of completing the final listing formalities as prescribed by the exchange. The NSE has indicated that it will issue final approval for migration upon submission of the listing application, including the equity listing agreement. The in-principle approval remains valid for a period of 45 days from the date of issuance.

Company Information

The company operates under CIN L40104RJ2015PLC048445 and is currently listed on BSE SME with scrip code 543620 and symbol INA. Insolation Energy Limited maintains multiple manufacturing facilities across Rajasthan and Madhya Pradesh, with its registered office located in Jaipur.

Market Impact

The migration to NSE's main board represents a significant upgrade from the SME platform, potentially providing the company with enhanced visibility, improved liquidity, and access to a broader investor base. The company has committed to keeping the exchange informed about further developments, including the effective date of trading on the main board.

Insolation Energy Limited has delivered exceptional financial performance for the quarter and nine months ended 31st December, 2025, demonstrating robust growth across key financial metrics. The company's Board of Directors approved the unaudited consolidated and standalone financial results on 12th February, 2026.

Consolidated Financial Performance

The company's consolidated operations showed remarkable strength during Q3FY26. Revenue from operations reached ₹57,534.05 lakhs, representing a substantial 77.03% increase from ₹32,496.40 lakhs in Q3FY25. This growth trajectory was supported by strong operational efficiency and market expansion.

Nine-Month Consolidated Results

For the nine-month period ended 31st December, 2025, the company maintained its strong performance momentum. Consolidated revenue from operations stood at ₹1,35,208.97 lakhs compared to ₹93,699.89 lakhs in the corresponding period of the previous year, marking a 44.31% increase.

Standalone Financial Results

The standalone financial results showed a different performance pattern, with revenue from operations at ₹1,309.31 lakhs for Q3FY26 compared to ₹2,281.58 lakhs in Q3FY25. Net profit after tax for the quarter stood at ₹330.40 lakhs versus ₹170.39 lakhs in the previous year, representing a 93.93% increase.

Earnings Conference Call Audio Recording

Pursuant to Regulation 30 and 46 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has made available the audio recording of its earnings conference call on the financial results for the quarter and nine months ended 31st December, 2025. The conference call was held on 17th February, 2026, and the audio recording is now accessible on the company's website.

Corporate Developments

During the Board meeting held on 12th February, 2026, directors also reviewed and noted the Monitoring Agency Report on fund utilization from the preferential issue of equity shares. The report was issued by CARE Ratings Limited for the quarter ended 31st December, 2025. Additionally, the Board approved the notice of postal ballot.

Share Capital and EPS

The company's paid-up share capital remained at ₹2,203.95 lakhs with a face value of ₹1 per share. The company issued 51,625 shares under the Employee Stock Option Plan during the period. Basic and diluted earnings per share for Q3FY26 consolidated results stood at ₹2.27, significantly higher than ₹0.84 in the corresponding quarter of the previous year.