5327252026-07-012026-09-305327252026-09-305327252026-03-315327252026-04-012026-09-305327252026-07-012026-09-30in-capmkt:OtherExpenses1Member5327252026-04-012026-09-30in-capmkt:OtherExpenses1Member5327252026-09-30OtherNoncurrentFinancialAssetsDomain15327252026-09-30OtherNoncurrentFinancialAssetsDomain25327252026-09-30OtherNoncurrentFinancialAssetsDomain35327252026-09-30OtherNoncurrentAssetsDomain15327252026-09-30OtherCurrentFinancialAssetsDomain15327252026-09-30OtherCurrentFinancialAssetsDomain25327252026-09-30OtherNoncurrentFinancialLiabilitiesDomain15327252026-09-30OtherNoncurrentLiabilitiesDomain15327252026-09-30OtherCurrentFinancialLiabilitiesDomain15327252026-09-30OtherCurrentFinancialLiabilitiesDomain25327252026-09-30OtherCurrentLiabilitiesDomain15327252026-09-30OtherCurrentLiabilitiesDomain25327252026-07-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15327252026-04-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15327252026-07-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss15327252026-04-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRxbrli:pureiso4217:INRxbrli:shares532725SOLARINDSNOTLISTEDINE343H01029Solar Industries India LimitedMain BoardEquity2026-04-012027-03-312026-11-032026-10-27INRCroresQuarterlySecond quarterSingle segmentManufacturing of Explosives and its Accessories2026-11-0312:45:002026-11-0313:30:00trueCash Flow IndirectNot applicable2026-07-012026-09-30UnauditedConsolidated3518920000015370000035342900000160473000001775500000-10612000002662100000553600000879500000570770000026564500000877840000008778400000225230000022200000227450000006503900000000-350000065004000001846400000834680000061702000003302000008063800000283000000181000000268.1968.190068.1968.190.00220.070.17512026-04-012026-09-30UnauditedConsolidated7187120000023890000072110100000339149000002823500000-14050000005218100000966200000167690000011110000000543046000001780550000001780550000045878000001376000004725400000013080100000000840000001316410000020949000001525900000012695700000468400000147574000005016000001810000002140.3140.300140.3140.30.00220.07730.2025Other Expenses5707700000Other Expenses11110000000405522000009646600000017781000006776000005525000004543000004809800000035730000097525000001491960000018439000005082000007093300000022590900000023404800000509370000018420000083500000933610000038102300000060693200000131626200000181000000765525000007673350000031291000007986260000010130200000590900000107211000002590000032780000007493200000215182000006916300000093132000009313200000239630000018625800000104891000005586000005719000003024540000051763600000131626200000Explanatory Notes to Unaudited Consolidated Financial Results for the Quarter and Half Year ended September 30 2026 <br /> <br /> The Unaudited Consolidated Financial Results for the quarter and half year ended September 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 November 03 2026 The Statutory Auditors of the Group have carried out a limited review of the aforesaid results <br /> <br /> 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 /> 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 /> During the half year ended September 30 2026, the Ultimate Holding Company has partially redeemed 584 unsecured rated listed senior redeemable non convertible debentures (NCDs) having face value of Rs 100000 each amounting to Rs 5.83 crore and made an Interest payment amounting to Rs 0.36 crore at a coupon rate of 7.06 Percent per annum. <br /> As on September 30 2026 the aggregate amount of outstanding amount of NCD is Rs 5.83 crore <br /> <br /> During the quarter and half year ended September 30 2026 the Ultimate Holding Company has fully repaid Commercial Paper amounting to Rs 75 crore which was issued in favour of Kotak Mahindra Bank Limited. <br /> <br /> "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 and half year ended on September 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 18.37 crore and Rs 43.70 crore has been debited to other expenses in the consolidated financial results for the quarter and half year ended September 30 2026 and impact till March 31 2026 of Rs 22.27 crore has been credited in the opening retained earnings as at April 01 2026 <br /> <br /> During the quarter ended September 30 2026 Solar SA Investments Proprietary Limited the Acquirer a wholly owned step down subsidiary of the Company and Solar Overseas Mauritius Limited a wholly owned subsidiary of the Company entered into definitive transaction agreements with Omnia Holdings Limited South Africa in connection with the proposed acquisition of Omnia for an aggregate cash consideration of approximately USD 1.35 billion Completion of the proposed acquisition is subject to receipt of applicable regulatory approvals and fulfilment of customary conditions precedent <br /> <br /> Formulae for the computation of ratios are given in Annexure A <br /> <br /> <br /> As per Regulation 46 2 of the SEBI Listing Obligations & Disclosure Requirements Regulations 2015 Results are available on Companys website www.solargroup.com <br /> Right-of-use assets869300000Other Financial Assets2866300000Other non-current financial assets6016900000Current Tax Assets (net)508200000Other current financial assets2227400000other current assets7108700000Lease Liabilities590900000Other non-current liabilities7493200000Other current financial liabilities2157100000Lease Liabilities239200000Other current liabilities6629200000Acceptances3859900000966200000-5174800000-55877000000-857900000000040830000000-47120000001676900000676200000588000000003430000001052000000-3220000000437000000193000000-427730000013528200000000444540000009082800000003220000010000000000095500000887810000000000000000005200000000007900000002000000-87314000000000000040206000001704100000117000000112400000093510000000140400000491800000-9250000039930000046944000005093700000Items that will not be re-classified to profit and loss32825000003282500000Items that will not be re-classified to profit and loss32825000003282500000462600000462600000Items that will be reclassified to Profit or Loss-997300000-997300000Items that will be reclassified to Profit or Loss-727300000-727300000-23800000-230000018464000002094900000