INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol SAHAJSOLAR
MSEI Symbol NOTLISTED
ISIN INE0P4701011
Name of Company Sahaj Solar Limited
Type of company SME
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 16-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 06-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Solar Industry
Start date and time of board meeting 16-05-2026   11:15:00
End date and time of board meeting 16-05-2026   16:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 11-11-2025
Indicate Company website link for updated RPT policy of the Company https://www.sahajsolar.com/investors/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable as company has not made any default on Loans and debt securities during FY 2025-26


Financial Results — Other than Bank

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Revenue From Operations
Revenue from operations 28,757.59 38,983.85
Other income 141.85 182.74
Total Income 28,899.44 39,166.59
2 Expenses
(a) Cost of materials consumed 23,380.01 31,462.53
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (315.70) (327.06)
(d) Employee benefit expense 374.10 731.10
(e) Finance costs 707.10 1,050.10
(f) Depreciation and amortisation expense 77.00 138.99
(g) Other Expenses
1 Other Expenses 1,744.35 2,512.88
Total other expenses 1,744.35 2,512.88
Total expenses 25,966.86 35,568.54
3 Profit before exceptional and extraordinary items and tax 2,932.58 3,598.05
4 Exceptional items 0.00 0.00
5 Profit before extraordinary items and tax 2,932.58 3,598.05
6 Extraordinary items 0.00 0.00
7 Profit before tax 2,932.58 3,598.05
8 Tax Expense
Current tax 1,067.48 1,247.48
Deferred tax (303.46) (323.89)
Total tax expenses 764.02 923.59
9 Net Profit Loss for the period from continuing operations 2,168.56 2,674.46
10 Profit (loss) from discontinuing operations before tax 0.00 0.00
11 Tax expense of discontinuing operations 0.00 0.00
12 Net profit (loss) from discontinuing operation after tax 0.00 0.00
13 Profit (loss) for period before minority interest 2,168.56 2,674.46
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 2,168.56 2,674.46
17 Details of equity share capital
Paid-up equity share capital 2,197.20 2,197.20
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 10,999.09
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 9.87 12.17
Diluted earnings (loss) per share from continuing and discontinued operations 9.87 12.17
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio
23 Disclosure of notes on financial results Textual Information(1)


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Textual Information(1) 1. The above results have been reviewed by the Audit Committee and have been approved by the Board of Directors of the Company at their respective meetings held on 16th May 2026. 2. The Financial results have been prepared in accordance with the accounting standard as notified under section 133, of the companies Act 2013 (Act), read with the relevant rules made thereunder and other accounting principles generally accepted in India. 3. During the year company has issued bonus shares in t he ratio of 1:1, the record date of the same was 2nd April 2025, these shares have been issued out of the securit ies premium of the company. 4. Subsidiaries namely Sahaj Energies Ltd, Sahaj Renewable Energy Zambia Limited and Sunventa Power Private Limited were incorporated during F.Y. 2025-26. However, the financial commitments in respect of the said entities were made subsequent to the financial year-end reporting date and, accordingly, the investment amounts have not been considered in the current financial year. 5. As per Accounting Standard (AS) 17 - Segment Reporting, notified under the Companies (Accounting Standards) Rules, 2021, the disclosure requ irements pertaining to reportable business segments are not applicable to the Company. 6. Figures of the previous year/period have been regrouped/rearranged wherever considered necessary. 7. During the year, the Company issued bonus shares in the ratio of 1:1. Accordingly, in compliance with Accounting Standard 20- Earnings Per Share, the previous year's Earnings Per Share (EPSl has been restated. Consequently, the restated EPS of the Company for the financial year 2024-25 stands at Rs. 12.75 per share.


Remarks

20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio


Cash flow statement — indirect

Amount in (Lakhs)

A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax 3,598.05
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 1,050.10
Adjustments for depreciation and amortisation expense 138.99
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for share-based payments 0.00
Other adjustments for which cash effects are investing or financing cash flow (47.62)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments to profit (loss) 1,141.47
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories (85.29)
Adjustments for decrease (increase) in trade receivables (12,225.39)
Adjustments for decrease (increase) in other current assets 0.62
Adjustments for increase (decrease) in trade payables 272.26
Adjustments for increase (decrease) in other current liabilities 2,198.98
Adjustments for provisions (272.53)
Total adjustments for working capital (10,111.35)
Total adjustments for reconcile profit (loss) (8,969.88)
Net cash flows from (used in) operations (5,371.83)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (2,102.28)
Net cash flows from (used in) operating activities before extraordinary items (7,474.11)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) operating activities (7,474.11)
4 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property plant and equipment 0.00
Purchase of property plant and equipment 1,842.27
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 47.62
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (930.92)
Proceeds from government grants 0.00
Net cash flows from (used in) investing activities before extraordinary items (2,725.57)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) investing activities (2,725.57)
Cash flows from used in financing activities
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 15,622.07
Repayments of borrowings 4,274.45
Dividends paid 0.00
Interest paid 1,050.10
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (1.85)
Net cash flows from (used in) financing activities before extraordinary items 10,295.67
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) financing activities 10,295.67
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 95.99
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 95.99
Cash and cash equivalents cash flow statement at beginning of period 908.12
Cash and cash equivalents cash flow statement at end of period 1,004.11


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Equity and liabilities
1 Shareholders' funds
Share capital 2,197.20
Reserves and surplus 10,999.09
Money received against share warrants 0.00
Total shareholders' funds 13,196.29
2 Share application money pending allotment 0.00
3 Deferred government grants 0.00
4 Minority interest
5 Non-current liabilities
Long-term borrowings 4,450.06
Deferred tax liabilities (net) 0.00
Foreign currency monetary item translation difference liability account 0.00
Other long-term liabilities
1 Other Long term Liabilities 188.37
Total of Other long-term liabilities 188.37
Long-term provisions 363.97
Total non-current liabilities 5,002.40
6 Current liabilities
Short-term borrowings 12,564.55
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 8,157.45
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 4,215.57
Total Trade payable 12,373.02
Other current liabilities
1 Other current liabilities 2,297.80
Total of Other long-term liabilities 2,297.80
Short-term provisions 1,397.25
Total current liabilities 28,632.62
Total equity and liabilities 46,831.31
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 2,250.55
Producing properties
Intangible assets 18.79
Preproducing properties
Property, Plant and Equipment capital work-in-progress 910.62
Intangible assets under development or work-in-progress
Total Property, Plant and Equipment and Intangible assets 3,179.96
ii Non-current investments 105.56
v Deferred tax assets (net) 388.23
vi Foreign currency monetary item translation difference asset account
vii Long-term loans and advances 827.85
Other non-current assets
1 Other non-current assets 6,389.16
Total of Other non-current assets 6,389.16
Total non-current assets 10,890.76
Current assets
Current investments 0.00
Inventories 2,063.61
Trade receivables 31,750.38
Cash and cash equivalents 1,004.11
Bank balance other than cash and cash equivalents 0.00
Short-term loans and advances 1,032.17
Other current assets
1 Other current assets 90.28
Total of Other current assets 90.28
Total current assets 35,940.55
Total assets 46,831.31
Disclosure of notes on assets and liabilities Textual Information(1)


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Textual Information(1)


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments




Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Mistry and Shah LLP Yes 31-10-2028


Signatory Details

Name of signatory
Designation of person
Place
Date


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Sahaj Solar Limited Kanaksinh Gohil Director Remuneration NA 12.75 0.00 0.00 Textual Information(1)
2 Sahaj Solar Limited Varna Brahmbhatt Spouse of KMP & Shareholder Remuneration NA 11.44 0.00 0.00 Textual Information(2)
3 Sahaj Solar Limited Anjali Brahmbhatt Spouse of CFO Remuneration NA 7.76 0.00 0.00 Textual Information(3)
4 Sahaj Solar Limited manan Brahmbhatt CFO & Relative of KMP Remuneration NA 12.12 0.00 0.00 Textual Information(4)
5 Sahaj Solar Limited manan Brahmbhatt CFO & Relative of KMP Any other transaction Rent Paid NA 3.90 0.00 0.00
6 Sahaj Solar Limited Pramit Brahmbhatt Managing Director Any other transaction Rent paid NA 103.24 0.00 1.48
7 Sahaj Solar Limited Veracity Recycler Private limited Common Management Interest received NA 5.65 0.00 0.00
8 Sahaj Solar Limited Veracity Energy and Infrastructure private Limited Subsidiary Company Purchase of goods or services NA 171.96 0.00 498.89
9 Sahaj Solar Limited Veracity Powertronics private limited Subsidiary Company Purchase of goods or services NA 293.12 0.00 124.15
10 Sahaj Solar Limited Veracity Recycler Private limited Common Management Loan NA 29.63 0.00 0.00 Textual Information(5)
11 Sahaj Solar Limited Veracity Recycler Private limited Common Management Loan NA 193.56 0.00 169.57 Textual Information(6)
12 Sahaj Solar Limited Veracity Powertronics private limited Subsidiary Company Sale of goods or services NA 26.94 0.00 0.00
13 Sahaj Solar Limited Veracity Recycler Private limited Common Management Sale of goods or services NA 1.12 0.00 0.00
14 Sahaj Solar Limited Sahaj Energies Limited_Mauritius Company Subsidiary Company Any other transaction Reimbursement of expense NA 22.51 0.00 0.00
15 Sahaj Solar Limited Pramit Brahmbhatt Managing Director Remuneration NA 27.49 0.00 1.47 Textual Information(7)
16 Sahaj Solar Limited Sahaj Renewable Energy Trading- FZCO_UAE Company Subsidiary Company Any other transaction Reimbursement of expense NA 1.08 0.00 0.00
17 Sahaj Solar Limited Sahaj PV Ancilliary Pvt Ltd(W.e.f 06.02.25) Subsidiary Company Purchase of goods or services NA 15.00 0.00 0.00
18 Sahaj Solar Limited Sahaj PV Ancilliary Pvt Ltd(W.e.f 06.02.25) Subsidiary Company Sale of goods or services NA 0.12 0.00 0.00
19 Sahaj Solar Limited Sunventa Power Private Limited Subsidiary Company Any other transaction Reimbursement of expense NA 1.23 0.00 1.23
20 Sahaj Solar Limited Veracity Renewable Energy Private Limited( W.e.f 30.01.25) Subsidiary Company Loan NA 41.00 0.00 41.50 Textual Information(8)
21 Sahaj Solar Limited Veracity Energy and Infrastructure private Limited Subsidiary Company Sale of goods or services NA 1.12 0.00 0.00
22 Sahaj Solar Limited Sahaj PV Ancilliary Pvt Ltd(W.e.f 06.02.25) Subsidiary Company Advance NA 59.50 0.00 43.86 Textual Information(9)
23 Sahaj Solar Limited Tiwsha Thakore Relative of director Any other transaction Professional fees paid NA 11.45 0.00 0.00
24 Sahaj Solar Limited Shardul Thakore Director Remuneration NA 38.07 0.00 0.00
25 Sahaj Solar Limited Veracity Renewable Energy Private Limited( W.e.f 30.01.25) Subsidiary Company Interest received NA 0.55 0.00 0.00
26 Sahaj Solar Limited Sahaj Renewable Power Limited_Uganda Company Subsidiary Company Any other transaction Reimbursement of exp NA 0.08 0.00 0.00
27 Sahaj Solar Limited Sahaj PV Ancilliary Pvt Ltd(W.e.f 06.02.25) Subsidiary Company Any other transaction Reimbursement of exp NA 0.27 0.00 0.00
28 Sahaj Solar Limited Veracity Renewable Energy Private Limited( W.e.f 30.01.25) Subsidiary Company Any other transaction Reimbursement of exp NA 0.26 0.00 0.26
29 Sahaj Solar Limited Pramit Brahmbhatt Managing Director Loan NA 132.00 0.00 103.50 Textual Information(10)
30 Sahaj Solar Limited Pramit Brahmbhatt Managing Director Loan NA 28.50 0.00 0.00 Textual Information(11)
Total value of transaction during the reporting period 1,253.42



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Textual Information(1) Salary
Textual Information(2) Salary
Textual Information(3) Salary
Textual Information(4) Salary
Textual Information(5) Loan Repaid
Textual Information(6) Loan Given
Textual Information(7) Salary paid
Textual Information(8) Loan Given
Textual Information(9) Trade advance Given
Textual Information(10) Loan Taken
Textual Information(11) Loan Repaid.