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Indosolar Appoints New CEO, Dr. Jignesh Rathod; Notes Director Resignation
Indosolar Limited
January 16, 2026, 01:08 PM
Indosolar Limited appointed Dr. Jignesh Devchandbhai Rathod as Additional Director and CEO, effective January 16, 2026. The company also noted the resignation of Mr. Amit Ashok Paithankar as Director and CEO from the same date. The Board approved the Q3 FY26 financial results and a proposal to shift the registered office to Maharashtra.
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Indosolar Limited announced the outcome of its Board Meeting held on January 16, 2026. The Board approved the standalone unaudited financial results for the quarter and nine months ended December 31, 2025, along with the limited review report. The company also approved the appointment of Dr. Jignesh Devchandbhai Rathod as an Additional Director (Non-Executive) and Chief Executive Officer, effective January 16, 2026, subject to member approval. Concurrently, the Board took note of the resignation of Mr. Amit Ashok Paithankar as Non-Executive Director and Chief Executive Officer, effective at the close of business on January 16, 2026, due to other commitments and personal reasons.
Furthermore, the company approved the proposal to shift its registered office from the National Capital Territory of Delhi to the State of Maharashtra, subject to member and regulatory approvals. A postal ballot notice will be issued seeking shareholder approval for the registered office shift and the appointment of Dr. Jignesh Devchandbhai Rathod as a Non-Executive Director.
The financial results indicate that for the nine months ended December 31, 2025, total income was ₹19,969.89 lakh, with a profit after tax of ₹4,147.01 lakh. For the quarter ended December 31, 2025, total income stood at ₹19,969.89 lakh, and profit after tax was ₹4,147.01 lakh.
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