Mumbai | Oct 9, 2025, 14:15 IST
Solex Energy Ltd, a renewable energy solutions provider, has reported a robust business update for H1 FY26, while also announcing its successful migration to the NSE Main Board. The company issued fresh press releases covering both developments, underlining its growth trajectory and stronger market positioning.
About Solex Energy Ltd
Solex Energy Ltd, transform the sun’s power into innovative solutions that energize homes, businesses, and industries. Founded in 1995 in Surat, Solex is a pioneer in renewable energy and the first Indian solar brand listed on NSE Emerge (SOLEX). We specialize in high-quality photovoltaic modules and provide comprehensive EPC services, catering to diverse industries and communities. With decades of expertise and advanced technologies such as automation, robotics, and AI, we deliver precision-engineered solar solutions. Our Global Giga Factory follows lean and Six Sigma practices, ensuring efficiency, quality, and sustainability as we shape a cleaner energy future.
Strong H1 FY26 Business Update
In its performance note, Solex Energy highlighted continued traction across its solar module, EPC, and power solutions portfolio. Management said revenues and order inflows for the first half of FY26 reflected healthy demand from both residential and industrial clients, with margins benefiting from higher module efficiency and cost optimization.
Key highlights from H1 FY26 included:
- Sustained demand for solar rooftop and utility-scale EPC projects.
- Growing pipeline in industrial and commercial solar adoption.
- Improved operational metrics, including better raw material cost absorption.
- Strengthening of dealer and distribution networks across key states.
Management reiterated its focus on expanding production capacity, scaling export opportunities, and maintaining technological competitiveness through high-efficiency modules and inverters.
Migration to NSE Main Board
In a separate press release, Solex Energy announced that it has migrated from NSE SME platform to the NSE Main Board. The move is considered a significant milestone, reflecting the company’s market capitalization, regulatory compliance, and investor base.
The NSE Main Board migration enhances the company’s visibility and accessibility to a broader pool of institutional investors, improving liquidity and market depth for its shares.
Management noted that the migration demonstrates the company’s corporate governance standards, consistent growth, and financial discipline, which have enabled it to meet Main Board eligibility norms.
Why It Matters
For investors, these updates showcase two critical aspects of Solex Energy’s trajectory:
- Operational Growth: A strong H1 FY26 indicates resilience in India’s solar energy market and the company’s ability to tap into it with competitive offerings.
- Capital Market Positioning: Migration to the NSE Main Board boosts investor confidence, increases the potential for institutional participation, and places Solex Energy among larger renewable peers.
Industry Context
India’s renewable energy sector continues to witness accelerated adoption, with government schemes, falling module prices, and corporate sustainability goals driving solar installations. Companies like Solex Energy are strategically positioned to capture this growth, particularly as industries transition towards green energy commitments.
With India targeting 500 GW of renewable capacity by 2030, solar players with scalable models are expected to benefit significantly. Solex Energy’s combination of strong H1 performance and market migration reflects its preparedness to scale further.
Outlook
Solex Energy plans to consolidate its manufacturing base, diversify product offerings, and pursue new partnerships in international solar markets. The company’s dual announcement of performance and Main Board migration reflects its confidence in sustaining momentum, while also delivering enhanced shareholder value.
