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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 24-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 17-Apr-2025
Description of presentation currency INR (in Actuals)
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 24-Apr-2025   10:30:00
End date and time of board meeting 24-Apr-2025   11:45:00
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 2025-03-31
Indicate Company website link for updated RPT policy of the Company www.sahajsolar.com
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? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not applicable


Financial Results — Other than Bank
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-Oct-2024 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Revenue From Operations
Revenue from operations 2123222000 3070573000
Other income 4622000 11621000
Total Income 2127844000 3082194000
2 Expenses
(a) Cost of materials consumed 1677135000 2488624000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 4415000 -3275000
(d) Employee benefit expense 26439000 43303000
(e) Finance costs 16575000 38926000
(f) Depreciation and amortisation expense 6660000 11989000
(g) Other Expenses
1 Other Expenses 104285000 154045000
Total other expenses 104285000 154045000
Total expenses 1835509000 2733612000
3 Profit before exceptional and extraordinary items and tax 292335000 348582000
4 Exceptional items 0 0
5 Profit before extraordinary items and tax 292335000 348582000
6 Extraordinary items 0 0
7 Profit before tax 292335000 348582000
8 Tax Expense
Current tax 79853000 89493000
Deferred tax -1387000 1055000
Total tax expenses 78466000 90548000
9 Net Profit Loss for the period from continuing operations 213869000 258034000
10 Profit (loss) from discontinuing operations before tax 0 0
11 Tax expense of discontinuing operations 0 0
12 Net profit (loss) from discontinuing operation after tax 0 0
13 Profit (loss) for period before minority interest 213869000 258034000
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 213869000 258034000
17 Details of equity share capital
Paid-up equity share capital 109860000 109860000
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 942509000
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 21.13 25.49
Diluted earnings (loss) per share from continuing and discontinued operations 21.13 25.49
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio
23 Disclosure of notes on financial results


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


Cash flow statement — indirect
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
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 348582000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 31430000
Adjustments for depreciation and amortisation expense 11989000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for share-based payments 0
Other adjustments for which cash effects are investing or financing cash flow -6365000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 37054000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories -64770000
Adjustments for decrease (increase) in trade receivables -1095851000
Adjustments for decrease (increase) in other current assets -6992000
Adjustments for increase (decrease) in trade payables 783812000
Adjustments for increase (decrease) in other current liabilities -83517000
Adjustments for provisions -4743000
Total adjustments for working capital -472061000
Total adjustments for reconcile profit (loss) -435007000
Net cash flows from (used in) operations -86425000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 89523000
Other inflows (outflows) of cash -347872000
Net cash flows from (used in) operating activities before extraordinary items -523820000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities -523820000
4 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 363000
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property plant and equipment 0
Purchase of property plant and equipment 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 6365000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -6484000
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items 244000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities 244000
Cash flows from used in financing activities
Proceeds from issuing shares 495978000
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 13120000
Repayments of borrowings 33234000
Dividends paid -10986000
Interest paid -31430000
Income taxes paid (refund) 18364000
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities before extraordinary items 499916000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 499916000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -23660000
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -23660000
Cash and cash equivalents cash flow statement at beginning of period 114472000
Cash and cash equivalents cash flow statement at end of period 90812000


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Equity and liabilities
1 Shareholders' funds
Share capital 109860000
Reserves and surplus 942509000
Money received against share warrants
Total shareholders' funds 1052369000
2 Share application money pending allotment 0
3 Deferred government grants
4 Minority interest
5 Non-current liabilities
Long-term borrowings 26075000
Deferred tax liabilities (net)
Foreign currency monetary item translation difference liability account
Other long-term liabilities 65135000
Long-term provisions 25805000
Total non-current liabilities 117015000
6 Current liabilities
Short-term borrowings 540624000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 1208717000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1359000
Total Trade payable 1210076000
Other current liabilities 9882000
Short-term provisions 52822000
Total current liabilities 1813404000
Total equity and liabilities 2982788000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 56090000
Producing properties
Intangible assets 402000
Preproducing properties
Property, Plant and Equipment capital work-in-progress 1305000
Intangible assets under development or work-in-progress 114000
Total Property, Plant and Equipment and Intangible assets 57911000
ii Non-current investments 7221000
v Deferred tax assets (net) 6434000
vi Foreign currency monetary item translation difference asset account
vii Long-term loans and advances 51790000
viii Other non-current assets 359583000
Total non-current assets 482939000
Current assets
Current investments 0
Inventories 197832000
Trade receivables 1962860000
Cash and cash equivalents 90812000
Bank balance other than cash and cash equivalents 0
Short-term loans and advances 239255000
Other current assets 9090000
Total current assets 2499849000
Total assets 2982788000
Disclosure of notes on assets and liabilities


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
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-Oct-2024 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
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
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-Oct-2025


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income
2 Total Expenditure
3 Net Profit/(Loss)
4 Earnings Per Share
5 Total Assets
6 Total Liabilities
7 Net Worth


Signatories details

Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 19-Jul-2024
Amount Raised 525600000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Working capital requirement NA 394200000 0 394200000 0
2 General corporate purpose NA 131040000 0 131040000 0


Signatory Details
Name of signatory Pramit Bharatkumar Brahmbhatt
Designation of person Managing Director
Place Ahmedabad
Date 24-Apr-2025


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 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 Veracity Powertronics private limited Subsidiary Company Loan NA 67000000 0 12383000
2 Sahaj Solar Limited Veracity Powertronics private limited Subsidiary Company Loan NA -56200000 0 12383000
3 Sahaj Solar Limited Veracity Energy & Infrastructure pvt ltd Subsidiary Company Loan NA 29000000 0 4587000
4 Sahaj Solar Limited Veracity Energy & Infrastructure pvt ltd Subsidiary Company Loan NA -25000000 0 4587000
5 Sahaj Solar Limited Kanaksinh Gohil Director Any other transaction Salary NA 1075000 0 0
6 Sahaj Solar Limited Varna Brahmbhatt Spouse of KMP & Shareholder Any other transaction Salary NA 864000 0 0
7 Sahaj Solar Limited Anjali Brahmbhatt Spouse of CFO Any other transaction Salary NA 540000 0 0
8 Sahaj Solar Limited manan Brahmbhatt CFO & Relative of KMP Any other transaction Salary NA 1212000 0 0
9 Sahaj Solar Limited Veracity Recycler Pvt Ltd Common Management Loan NA -595000 563000 0
10 Sahaj Solar Limited Manan Brahmbhatt CFO & Relative of KMP Any other transaction Rent Payment NA 390000 0 0
11 Sahaj Solar Limited Pramit Brahmbhatt Managing Director Any other transaction Rent Payment NA 780000 0 0
12 Sahaj Solar Limited Veracity Recycler Private limited Common Management Interest paid NA 38000 0 0
13 Sahaj Solar Limited Veracity Powertronics private limited Subsidiary Company Interest received NA 1759000 0 0
14 Sahaj Solar Limited Veracity Energy & Infrastructure pvt ltd Subsidiary Company Interest received NA 652000 0 0
15 Sahaj Solar Limited Veracity Powertronics private limited Subsidiary Company Purchase of goods or services NA 18673000 0 0
16 Sahaj Solar Limited Veracity Energy & Infrastructure pvt ltd Subsidiary Company Purchase of goods or services NA 23362000 0 241000
17 Sahaj Solar Limited Veracity Powertronics private limited Subsidiary Company Sale of goods or services NA 46081000 0 0
18 Sahaj Solar Limited Sureshchandra Narsinh Rao Independent Director Remuneration NA 300000 125000 25000
19 Sahaj Solar Limited Dilip Joshi Independent Director Remuneration NA 240000 20000 20000
20 Sahaj Solar Limited Amita Parikh Independent Director Remuneration NA 240000 20000 20000
21 Sahaj Solar Limited Pramit Brahmbhatt Managing Director Any other transaction Salary NA 2640000 200000 200000
22 Sahaj Solar Limited Veracity Energy & Infrastructure pvt ltd Subsidiary Company Any other transaction Reimbursement of exp NA 20000 0 0
23 Sahaj Solar Limited Sahaj PV Ancilliary Pvt Ltd Subsidiary Company Any other transaction Reimbursement of exp NA 17000 0 17000
24 Sahaj Solar Limited Veracity Renewable Energy Private Limited Subsidiary Company Any other transaction Reimbursement of exp NA 17000 0 17000
Total value of transaction during the reporting period 113105000





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
3. Total financial indebtedness of the listed entity including short-term and long-term debt