5327252026-04-012026-06-305327252026-04-012026-06-30in-capmkt:OtherExpenses1Member5327252026-04-012026-06-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRxbrli:pureiso4217:INRxbrli:shares532725SOLARINDSNOTLISTEDINE343H01029Solar Industries India LimitedMain BoardEquity2026-04-012027-03-312026-08-132026-08-06INRCroresQuarterlyFirst quarterSingle segmentMANUFACTURING OF EXPLOSIVES AND INITIATING SYSTEMS2026-08-1301:30:002026-08-1302:00:00Not applicable2026-04-012026-06-30UnauditedConsolidated366820000008520000036767200000178676000001048000000-34380000025560000004126000007974000005402300000277401000009027100000090271000002335500000115400000245090000006576200000000875000006663700000248500000691220000065255000001382000006693600000218600000181000000272.1172.110072.1172.110.00260.08630.2397Explanatory Notes to Unaudited Consolidated Financial Results for the Quarter ended June 30, 2026 <br /> 1 The Unaudited Consolidated Financial Results for the quarter ended June 30, 2026 of SOLAR INDUSTRIES INDIA LIMITED (the "Group") have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meetings held on August 13, 2026. The Statutory Auditors of the Group have carried out a limited review of the aforesaid results. <br /> <br /> 2 These results have been prepared in accordance with the Indian Accounting Standard (referred to as “Ind AS") prescribed under Section 133 of the Companies Act 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time. <br /> 3 The Group has identified 'Explosives its accessories and related services', as its only reportable segment as defined under Ind AS 108 - Operating Segments. Accordingly, no separate segment information has been provided. <br /> <br /> 4 "During the quarter ended June 30, 2026, the Ultimate Holding Company had partially redeemed 292 (Two Hundred and Ninety Two) unsecured, rated, listed, senior, redeemable, non-convertible debentures (NCDs) having face value of Rs. 1,00,000/- (One lakh) each amounting to Rs. 2.92 crores (Two crores and Ninety Two lakhs) and made an Interest Payment amounting to Rs. 0.21 crores (Twenty One lakhs) at a coupon rate of 7.06% per annum. As on June 30, 2026 the aggregate amount of outstanding NCD is Rs. 8.75 crores (Eight crores Seventy Five lakhs). <br /> 5 During the quarter ended June 30, 2026, the Ultimate Holding Company has issued Commercial paper in favor of Kotak Mahindra Bank Limited amounting to Rs. 75.00 Crores which will mature on September 17, 2026. <br /> 6 "The Group has applied Ind AS 29 - 'Accounting of Hyperinflationary economies' on its step-down subsidiaries in Turkey. In preparing the consolidated financial results for the quarter ended on June 30, 2026, the non-monetary assets, liabilities, owner's equity and statement of profit and loss of the aforesaid subsidiaries have been restated to the current measuring unit as on the reporting date by applying consumer price index of the respective economy. <br /> The net impact of restatement in respect of the aforesaid subsidiaries under Ind AS 29 of Rs. 25.33 crores has been debited to other expenses in the consolidated financial results for the quarter ended June 30, 2026 and impact till March 31, 2026 of Rs. 12.43 crores has been credited in the opening retained earnings as at April 01, 2026." <br /> <br /> 7 Formulae for the computation of ratios are given in " Annexure A." <br /> <br /> 8 The figures of the last quarter ended March 31, 2026 are the balancing figures between the audited figures in respect of the full financial year ended March 31, 2026 and the published year to-date figures up to the third quarter of the financial year. <br /> <br /> 9 As per Regulation 46(2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Results are available on Company's website-www.solargroup.com. <br /> Other Expenses54023000000Items that will be reclassified to Profit or Loss27000000027000000021500000248500000