Solar Industries India Limited has successfully completed the redemption of its commercial paper worth Rs 50 crores, fulfilling its payment obligation on the scheduled maturity date of February 09, 2026.

Commercial Paper Details

The commercial paper was originally issued on November 11, 2025, in favor of ICICI Bank Limited with a 90-day maturity period. The company has formally certified the complete payment of the redemption amount on the due date.

Regulatory Compliance

The redemption confirmation was communicated to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 and 57 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Khushboo Anish Pasari signed the certification digitally on February 09, 2026.

Financial Discipline

The timely redemption of the commercial paper demonstrates Solar Industries India Limited's commitment to meeting its short-term debt obligations. The successful completion of this financial instrument reflects the company's liquidity management and adherence to scheduled payment commitments. This development reinforces the company's financial credibility in the commercial paper market and maintains its standing with institutional lenders.

Solar Industries has set optimistic margin targets for the medium term, expecting to sustain EBITDA margins at 27-28% over the next 3 to 5 years. The company's margin outlook is underpinned by strategic growth initiatives in key business segments.

Growth Drivers for Margin Sustainability

The company's margin guidance is primarily supported by expected expansion in two critical areas:

• Defense Business: Anticipated growth in defense-related operations
• International Business: Expansion in overseas markets and operations

These segments are expected to contribute significantly to the company's ability to maintain healthy profitability levels in the coming years.

Strategic Positioning

Solar Industries' confidence in maintaining margins at the 27-28% level demonstrates the company's strategic positioning in high-value segments. The focus on defense and international markets suggests a deliberate approach to diversifying revenue streams while preserving profitability.

The company's margin expectations indicate management's confidence in executing its growth strategy while maintaining operational efficiency across its business portfolio.