Insolation Energy Limited has announced that its wholly owned subsidiary, Insolation Green Energy Private Limited, has signed a Memorandum of Understanding (MOU) with Bondada Engineering Limited for the supply of solar modules. The agreement was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

MOU Details

The strategic partnership establishes Insolation Green Energy Private Limited as the priority supplier of solar modules to Bondada Engineering Limited for its upcoming solar projects. The agreement covers the supply of solar modules under ALMM-1 and ALMM-II (Make in India Solar Cell and Solar Module) specifications.

Regulatory Compliance

The MOU has been executed in anticipation of the upcoming ALMM-II regulations, which ensures secure supply of solar modules from Insolation Green Energy Private Limited to Bondada Engineering Limited. The company has confirmed that this transaction does not fall within related party transactions and that Bondada Engineering Limited has no shareholding relationship with the promoter group.

Strategic Significance

This partnership positions Insolation Energy's subsidiary as a key player in the renewable energy supply chain, particularly in the Make in India solar manufacturing segment. The agreement provides business visibility for the two-year period and strengthens the company's position in the expanding solar energy market.

The MOU aligns with India's focus on domestic solar manufacturing under the ALMM framework, which promotes locally manufactured solar cells and modules. For Insolation Energy, this represents a significant step in expanding its renewable energy footprint through its subsidiary operations.

Company Profile

Insolation Energy Limited operates in the capital goods sector, specifically focusing on electrical equipment. The company is classified as a small-cap entity with a market capitalization of ₹3,029.32 crores and trades on BSE under the scrip code 543620.

Insolation Energy has achieved a remarkable milestone by recording its highest monthly sales of ₹354.59 crores in December 2025. This performance represents a significant achievement for the electrical equipment company, demonstrating strong market demand and operational efficiency.

Strong Nine-Month Performance

The company reported provisional sales of ₹1346.81 crores for the nine months ending December 2025. This substantial figure highlights the company's consistent growth momentum throughout the period and reflects its ability to capitalize on market opportunities in the capital goods sector.

Exceeding Previous Year's Total

A particularly noteworthy aspect of this performance is that the nine-month sales figure of ₹1346.81 crores has already surpassed the company's total sales for the previous financial year, which stood at ₹1333.75 crores. This achievement indicates substantial year-over-year growth and suggests improved business fundamentals and market positioning.

Regulatory Disclosure and Strategic Outlook

The company announced these results through a regulatory disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015. The management expressed confidence in the company's strategic initiatives and positive market dynamics, stating that they look forward to achieving more milestones.

Business Momentum

The record-breaking December performance, combined with the strong nine-month results, demonstrates Insolation Energy's ability to maintain consistent growth in the electrical equipment sector. The company's provisional sales figures indicate robust operational performance and effective execution of business strategies.

These results position the company favorably as it continues to build on its growth trajectory in the capital goods industry, particularly in the electrical equipment segment where it operates.