Solarworld Energy Solutions Ltd (SOLARWORLD) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Solarworld Energy Solutions Ltd on NSE and BSE, with an AI summary of each filing.
Updates on Acquisition
Others (Uncategorized) · 31 Oct 2026, 10:59 pm
Solarworld Energy Acquires 50% Stake in Rays Green Energy JV for Rs 26.82 Crore Solarworld Energy Solutions paid Rs 26.82 cr on 30th Oct'26 as the first tranche towards its equity subscription in Rays Green Energy Manufacturing. Consequently, Rays Green allotted 12,600 equity shares (face value Rs 10) at Rs 21,287 per share (including a Rs 21,277 premium) on 31st Oct'26. Solarworld now holds a 50% stake in the JV, with the remaining 50% held by Rays Power Infra. A balance subscription of up to Rs 73.18 cr will be completed per agreement terms.
Updates on Acquisition
Others (Uncategorized) · 31 Oct 2026, 10:52 pm
Solarworld Energy Acquires 50% Stake in Rays Green JV for Rs 26.82 Crore Solarworld Energy Solutions has paid Rs 26,82,16,200 on 30th Oct'26 as the first tranche to acquire 12,600 equity shares of Rays Green Energy Manufacturing at an issue price of Rs 21,287 per share (face value Rs 10, premium Rs 21,277). Allotted on 31st Oct'26, this gives Solarworld a 50% equity stake in the joint venture, with the remaining 50% held by Rays Power Infra. The balance equity subscription of up to Rs 73,17,83,800 will be deployed per the agreed terms.
Scrutinizer Report for the 13th AGM of the Company
Annual General Meeting · 02 Oct 2026, 12:36 am
Proceedings of 13th Annual General Meeting of the Company
Annual General Meeting · 01 Oct 2026, 1:56 am
Key Business and Financial updates
Others (Uncategorized) · 01 Oct 2026, 12:32 am
Solarworld Energy Solutions Reports FY26 Scale-Up, Robust Order Pipeline, and Manufacturing Expansion Solarworld Energy Solutions reported FY26 revenue of ₹13,762 Mn (up 152.6% YoY) and PAT of ₹1,205 Mn (up 56.4% YoY) with net cash of ₹3,165 Mn. Q1 FY27 revenue grew 146.8% YoY to ₹1,684 Mn, though PAT fell 26.4% to ₹95 Mn due to elevated input costs and rupee depreciation. As of 30th Sep'26, the order book reached ₹31,548 Mn, supported by ₹200,180 Mn in submitted bids. Expansion includes a 50:50 JV with Rays Power Infra committing up to ₹4,200 Mn for 2.4 GW cell capacity targeted by Jun'27.
Announcement under Regulation 30 of SEBI (LODR) Regulations
Others (Uncategorized) · 01 Oct 2026, 12:22 am
Solarworld Energy Solutions Receives ₹5.39 Crore GST Show Cause Notice Solarworld Energy Solutions Limited received a Show Cause Notice dated 29th Sep'26 from the State Tax Authority, Noida, proposing a potential financial liability of ₹5.39 crore (tax of ₹2.96 crore, interest of ₹2.13 crore, and penalty of ₹30.63 lakh) under Section 73 of the CGST Act for FY 2022-23 discrepancies. The notice is at a preliminary show-cause stage with no confirmed demand. The company will file a reply by 29th Oct'26, attend a hearing on 30th Oct'26, and expects no material financial or operational impact.
Receipt of purchase order for supply of Solar Panels.
Others (Uncategorized) · 30 Sept 2026, 7:05 pm
Solarworld Subsidiary Secures ₹78.75 Crore Solar Panel Supply Order Solarworld Energy Solutions Limited announced on 30th Sep'26 that its wholly owned subsidiary, ZNShine Solarworld Private Limited, received a domestic purchase order from a leading renewable energy player. The contract entails supplying 96,000 units of G12R 625 Wp solar panels at ₹7,812.50 per unit. The order is valued at a basic amount of ₹75.00 crore and a total of ₹78.75 crore inclusive of 5% IGST. The award does not involve promoter interest or related-party transactions.
Intimation of Grant of Employee Stock Options
Others (Uncategorized) · 26 Sept 2026, 7:38 pm
Solarworld Energy Solutions Approves Grant of 286,325 ESOPs Solarworld Energy Solutions Limited’s Nomination and Remuneration Committee approved the grant of 2,86,325 stock options under ESOP 2024 to eligible employees of the company and its subsidiary on 26th Sep'26. Each option is convertible into one equity share of Rs. 5 face value at a fixed exercise price of Rs. 5 per share. The granted options will vest on 31st Mar'28, with an exercise window of five years from the vesting date. Out of 10,65,000 shareholder-approved options, 10,07,058 were available prior to this grant.
Announcement under Regulation 30 (LODR)- Update on Litigation
Others (Uncategorized) · 24 Sept 2026, 12:10 am
Solarworld Energy Subsidiary Wins Tax Appeal, Penalty of ₹1.22 Crore Annulled Solarworld Energy Solutions announced that the Joint Commissioner (Appeal), State Tax, Uttarakhand, ruled in favor of its wholly-owned subsidiary, ZNShine Solarworld, on 23rd Sep'26. The appellate authority set aside the 20th Sep'26 order, fully annulling a penalty of ₹1,22,12,498 imposed under Section 129 of the CGST/UKGST Act. The authority confirmed the goods were genuine imports and the issue was merely a procedural lapse. Amounts deposited, including ₹12,21,250, will be refunded/adjusted, resulting in zero adverse financial impact on the company.
Announcement under Regulation 30 of the SEBI (LODR) Regulations, 2015- Litigation
Others (Uncategorized) · 21 Sept 2026, 11:35 pm
Solarworld Energy Solutions Subsidiary Appeals ₹1.22 Crore GST Penalty Order Solarworld Energy Solutions Limited's wholly-owned subsidiary, ZNShine Solarworld Private Limited, received an Order-in-Original dated 20th Sep'26 confirming a penalty of ₹1,22,12,498 under Section 129 of the CGST/UKGST Act regarding a solar cell consignment. The subsidiary filed an appeal on 21st Sep'26 before the Joint Commissioner (Appeals) seeking full penalty quashing, paying a ₹12,21,250 pre-deposit. A hearing is scheduled for 22nd Sep'26. The company stated the disputed penalty is not an admitted liability and will not materially impact financial or operational performance.
Announcement under Regulation 30 of the SEBI (LODR) Regulations, 2015
Others (Uncategorized) · 19 Sept 2026, 2:27 am
Solarworld Energy Solutions Receives ₹40.27 Crore DAB Awards for SJVN EPC Projects Solarworld Energy Solutions secured favorable Dispute Adjudication Board awards on 18th Sep'26 regarding two EPC contracts with SJVN Green Energy in Gujarat. For the 100 MW project, the adjudicator awarded ₹13,76,99,597 (₹5.79 crore liquid cash outlay and ₹7.98 crore retention release via BG/surety bond substitution) against claims of ₹56.51 crore. For the 260 MW project, ₹26,49,75,043 was awarded (₹2.09 crore cash outlay and ₹24.41 crore retention release) against claims of ₹162.83 crore, bringing total admitted value across both disputes to ₹40.27 crore.
Announcement under Regulation 30 (LODR)
Others (Uncategorized) · 19 Sept 2026, 12:29 am
Solarworld Unit Faces ₹1.22 Crore GST Penalty Notice in Uttarakhand Solarworld Energy Solutions Limited’s wholly-owned subsidiary, Znshine Solarworld Private Limited, received a Show Cause Notice dated 17th Sep'26 from the State Tax authority in Roorkee, Uttarakhand. The notice proposes a penalty of ₹1,22,12,498 (200% of tax payable) under Section 129 of the CGST Act over alleged vehicle and documentation discrepancies regarding an intercepted consignment. The subsidiary contested the notice via a reply on 18th Sep'26, substantiating full compliance. A personal hearing is scheduled for 24th Sep'26, with no material financial impact expected.
Intimation about the letter sent to shareholders under Regulation 36(1)(b) of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015
Others (Uncategorized) · 09 Sept 2026, 3:18 am
Solarworld Energy Dispatches FY26 Annual Report and 13th AGM Notice Solarworld Energy Solutions Limited announced that its 13th AGM is scheduled for 30th Sep'26 at 3:00 PM IST via VC/OAVM. In compliance with Regulation 36(1)(b) of SEBI LODR Regulations, the company dispatched communications containing web-links to access the FY26 Annual Report and AGM Notice to unregistered shareholders. The record cut-off date for electronic dispatch was 4th Sep'26. The full annual report and meeting notices are accessible on the company's portal, NSDL e-voting platform, and the BSE and NSE websites.
Please find enclosed the Annual Report of Solarworld Energy Solutions Limited for the financial year 2025-26.
Others (Uncategorized) · 09 Sept 2026, 2:54 am
Intimation of Notice of 13th Annual General meeting of the Company for the financial year 2025-26
Annual General Meeting · 09 Sept 2026, 2:34 am
Execution of SSA and JVA for acquisition of 50% paid up share capital of Rays Green Energy Manufacturing Private Limited and formation of a 50:50 joint venture
Others (Uncategorized) · 08 Sept 2026, 4:53 am
Solarworld Partners with Rays Power for 2.4 GW Cell Facility Solarworld Energy Solutions approved executing agreements to acquire a 50% equity stake in Rays Green Energy Manufacturing for up to ₹100 crore, forming a 50:50 joint venture with Rays Power Infra. Solarworld will also extend a loan of up to ₹320 crore to finance a ₹1,000 crore, 2.4 GW TOPCon solar PV cell facility in Madhya Pradesh, targeting commercial production by Jun'27. Additionally, the Board approved redirecting ₹420 crore of unutilized IPO proceeds originally slated for KSPL toward this project.
Execution of SSA and JVA for acquisition of 50% of paid-up share capital of Rays Green Energy Manufacturing Private Limited.
Others (Uncategorized) · 08 Sept 2026, 4:44 am
Solarworld Energy Enters 50:50 JV for 2.4 GW Cell Facility Solarworld Energy Solutions approved executing a SSA and JVA to acquire a 50% stake in Rays Green Energy Manufacturing alongside Rays Power Infra. The JV will develop a 2.4 GW TOPCon solar PV cell plant in Narmadapuram, MP, with commercial production targeted for Jun'27. Total project cost is estimated at ₹1,000 cr. Solarworld committed up to ₹100 cr in equity and a loan of up to ₹320 cr, reallocating ₹420 cr of unutilized IPO proceeds originally slated for its Pandhurana project.
Outcome of the Board Meeting held today i.e. September 7, 2026
Others (Uncategorized) · 08 Sept 2026, 4:33 am
Solarworld Energy Enters 50:50 Solar Cell JV and Modifies IPO Proceeds Solarworld Energy Solutions approved a 50:50 joint venture with Rays Power Infra via Rays Green Energy Manufacturing to develop a 2.4 GW TOPCon solar cell plant in Madhya Pradesh costing ~₹1,000 crore. The company committed up to ₹520 crore, comprising up to ₹100 crore in equity and ₹320 crore in loans. Consequently, the board approved reallocating ₹420 crore of unutilized IPO proceeds from its subsidiary KSPL's 1.2 GW project to this joint venture. Commercial operations are targeted to commence by Jun'27.
Solarworld Energy Solutions Limited has informed the Exchange regarding Outcome of Board Meeting held on September 07, 2026.
Outcome · 08 Sept 2026, 4:22 am
Solarworld Approves ₹520 Crore JV Commitment with Rays Power Solarworld Energy Solutions approved entering a 50:50 joint venture with Rays Power Infra via Rays Green Energy Manufacturing to build a 2.4 GW solar PV cell facility in Madhya Pradesh. Solarworld will commit up to ₹520 crore, comprising up to ₹100 crore in equity for a 50% stake and up to ₹320 crore in loans. Consequently, the company modified its IPO object to redeploy ₹420 crore of unutilized proceeds toward this ₹1,000 crore project, targeting commercial production by Jun'27. Rays Green reported FY26 turnover of ₹437.63 crore.
Intimation of Press Release on the Un-Audited Financial Results for the quarter ended June 30, 2026
Press Release · 14 Aug 2026, 11:19 pm
Solarworld Q1FY27: Revenue Soars but Profitability Declines YoY Solarworld Energy Solutions reported strong Q1FY27 results with total income surging 121% YoY to ₹1,780.3 million, driven by robust EPC segment performance. However, profitability contracted significantly as EBITDA declined 2% YoY to ₹206.6 million, and PAT fell 26% YoY to ₹95.0 million. Consequently, EBITDA margin compressed to 11.6% from 26.2% in Q1FY26, and PAT margin dropped to 5.3% from 16.0%. The company's total order book stood at a healthy ₹27,275 million as of 30th Jun'26.
Intimation of Investor Presentation for the quarter ended June 30, 2026
Investor Presentation · 14 Aug 2026, 11:14 pm
Solarworld Q1 FY27: Strong Revenue Growth but Margin Compression For Q1 FY27, Solarworld reported a 121% YoY surge in total income to ₹1,780.3 Mn. However, profitability declined, with EBITDA falling 2% YoY to ₹206.6 Mn and PAT dropping 26% to ₹95.0 Mn. Consequently, EBITDA margin contracted to 11.6% from 26.2% a year ago, and PAT margin fell to 5.3% from 16.0%. The company holds a strong order book of ₹27,275 Mn as of 30th Jun'26 and is advancing its backward integration with a 1.2 GW solar cell facility expected by Jun'27.
Re-appointment of M/s MM & Associates (Firm Reg. No. 000454), as Cost Auditor of the Company for the FY 2026-27
Change in Management · 14 Aug 2026, 11:01 pm
Solarworld Q1 FY27 Results: Strong YoY Growth Despite Legal Uncertainty Solarworld Energy Solutions reported strong Q1 FY27 consolidated results with revenue up 147% YoY to ₹1,684.2M and PAT rising to ₹95.0M from ₹129.1M loss in Q1 FY26. Sequentially, revenue fell 71.6% and PAT dropped 80.6%. An auditor 'Emphasis of Matter' highlights uncertainty from a suspended EPC contract with SJVN, where the outcome of an ongoing dispute is indeterminable. Management remains confident of a favorable resolution and has not made provisions against receivables of ₹494.9M. The board also re-appointed M/s MM & Associates as Cost Auditor.
Financial results of the company for the quarter ended June 30, 2026
Financial Result · 14 Aug 2026, 10:50 pm
Solarworld Energy Solutions Ltd - Financial Result for the Quarter ended 30th Jun'26 (Consolidated, INR Million) ■ Revenue: 1,684 (+146.8% YoY | -71.5% QoQ) ■ EBITDA: 111 (+25.1% YoY | -81.0% QoQ) ■ EBITDA Margin (%): 6.6 (-638 bps YoY | -326 bps QoQ) ■ PAT: 95.0 (-26.5% YoY | -80.6% QoQ) ■ EPS (INR): 1.09 (-37.4% YoY | -80.7% QoQ) Solarworld Energy Solutions Ltd - Financial Result for the Quarter ended 30th Jun'26 (Consolidated, INR Million) Segmental Performance Engineering, procurement and construction (EPC) contracts ■ Revenue: 1,440 (+110.7% YoY | -71.9% QoQ) ■ EBIT: 117 (+15.1% YoY | -75.3% QoQ) ■ EBIT Margin (%): 8.1 (-673 bps YoY | -114 bps QoQ) Manufacturing ■ Revenue: 253 (-68.7% QoQ) ■ EBIT: -25.8 (-76.9% YoY | Profit to Loss QoQ) ■ EBIT Margin (%): -10.2 (Profit to Loss QoQ)
Outcome of Board Meeting
Outcome · 14 Aug 2026, 10:12 pm
Solarworld Energy Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve Un-audited Financial ....
Intimation · 14 Aug 2026, 5:30 am
Solarworld Energy Solutions Board Meeting to Approve Q1FY27 Financial Results Solarworld Energy Solutions (BSE: 544532) has scheduled a Board of Directors meeting for 14 Aug'26 at 3:00 PM IST. The agenda includes the consideration and approval of the un-audited standalone and consolidated financial results for the quarter ended 30 Jun'26. In accordance with insider trading regulations, the trading window for designated persons has been closed since 01 Jul'26 and will remain closed until 48 hours after the results are declared.