Insolation Energy Limited has announced that Vikas Jain HUF, a member of the company's promoter group, has acquired additional equity shares through open market transactions. The acquisition represents a strategic increase in the promoter group's stake in the solar energy company.

Transaction Details

The share acquisition transaction involved the purchase of 20,000 equity shares valued at ₹21.17 lakh. The transaction was executed on February 25, 2026, through the BSE SME platform via open market operations.

Shareholding Pattern Changes

Following the acquisition, Vikas Jain HUF's shareholding in Insolation Energy Limited has increased from its previous position. The HUF's stake has grown from 100,600 shares to 120,600 shares, representing a percentage increase in the overall shareholding.

Regulatory Compliance

The company has filed comprehensive regulatory disclosures in compliance with securities regulations. The filings include disclosures under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Key regulatory compliance aspects include:

• Timely disclosure to BSE Limited on February 25, 2026
• Proper documentation of the transaction details
• Compliance with insider trading regulations
• Adherence to substantial acquisition disclosure requirements

Company Information

Insolation Energy Limited operates in the solar energy sector and is listed on the BSE SME platform with scrip code 543620. The company's total equity share capital stands at ₹22.04 crore, divided into 22,03,94,625 equity shares of ₹1 each. The company maintains multiple manufacturing facilities across Rajasthan and Madhya Pradesh, with its registered office located in Jaipur.

Promoter Group Structure

Vikas Jain HUF, led by Karta Vikas Jain, is classified as part of the promoter group of Insolation Energy Limited. The HUF is registered with PAN AAGHV3035A and is based in Jaipur, Rajasthan. The recent acquisition demonstrates continued confidence in the company's prospects by the promoter group members.

Insolation Energy Limited showcased strong operational and financial performance in its Q3 and nine months FY26 earnings, demonstrating the benefits of capacity expansion and operational efficiency improvements. The solar module manufacturer reported significant growth across key metrics, supported by robust demand from commercial and industrial segments.

Financial Performance Highlights

The company delivered impressive financial results for both the quarter and nine-month periods:

The quarterly EBITDA margin expansion of over 500 basis points year-on-year reflects the company's improved operational leverage, disciplined cost management, and scale benefits. Earnings per share demonstrated strong growth with EPS at 2.27 for Q3 FY26 and 5.89 for 9M FY26, representing growth of 170% and 55% respectively.

Operational Capacity and Production

Insolation Energy's manufacturing capabilities expanded significantly during the period. Production for Q3 FY26 stood at 356 MW with dispatch of 364 MW, supported by consistent execution and healthy market demand. The company's total installed module capacity reached 5.5 GW as of 31st December, 2025, following the addition of a 1.5 GW line in December.

The newly commissioned lines at the INA-3 facility were in ramp-up phase during the quarter, designed to be among India's most automated PV module manufacturing lines. Management expects monthly production capacity to reach 300 MW once all three lines at INA-3 become fully operational.

Strategic Expansion and Integration

The company is advancing its backward integration strategy through a greenfield project at Narmadapuram, Madhya Pradesh. This expansion includes a 4.5 GW TOPCon G12R cell manufacturing facility and an 18,000-ton aluminum extrusion unit, with civil works and building activities progressing as planned.

The cell manufacturing facility is expected to commence operations in Q3 FY27, with management projecting EBITDA margin improvements of 400-500 basis points once the facility becomes operational. The integrated approach aims to strengthen cost competitiveness and enhance resilience against global supply chain disruptions.

Market Position and Order Book

Insolation Energy maintains a strong market position with a healthy order book of approximately 2.1 GW, providing visibility for the next six to nine months. The company secured Kusum projects in Rajasthan covering more than 200 sites and aggregating approximately 400 MW, with all power purchase agreements completed.

Future Outlook

Management expressed confidence in sustaining 40-45% revenue growth CAGR over the medium term, supported by capacity expansion, backward integration initiatives, and strong demand visibility. The company targets becoming India's leading integrated clean-tech solutions provider, with plans to expand into energy storage and other complementary technologies based on market developments and supportive government policies.