Corporate News
Solect Energy Limited reported significant financial growth between fiscal years 2024-25 and 2025-26, with total income increasing from H6,626.08 million to H15,584.67 million on a standalone basis, and from H6,647.84 million to H16,211.32 million consolidated. The company’s profit for the year rose from H390.34 million to H888.98 million (standalone) and H422.26 million to H982.52 million (consolidated) over the same period. The annual report excerpt also details the appointments and proposed remuneration for Chairman & Managing Director Dr. Chetan Shah, Whole-Time Director Mr. Piyush Chandak, and Whole-Time Director Mr. Kalpesh Patel, who hold shareholdings of 9,29,647, 7,05,391, and 9,34,950 equity shares respectively. Solect Energy, a manufacturer of solar photovoltaic modules and turnkey solar solutions, is implementing measures to improve cash flow and exploring financing options while acknowledging potential market challenges.