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Indosolar Board Approves Q3 FY26 Results, Appoints New CEO & Director
Indosolar Limited
January 16, 2026, 12:42 PM
Indosolar Limited approved Q3 FY26 unaudited results. Profit after tax for the quarter was ₹4,147.01 lakhs. Dr. Jignesh Devchandbhai Rathod was appointed as Additional Director and CEO, replacing Mr. Amit Ashok Paithankar who resigned. The company also plans to shift its registered office to Maharashtra.
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Indosolar Limited's Board of Directors, in a meeting held on January 16, 2026, approved the standalone unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported total income of ₹19,969.89 lakhs for the quarter and ₹59,713.24 lakhs for the nine months. Profit after tax for the quarter stood at ₹4,147.01 lakhs, and for the nine months, it was ₹20,460.03 lakhs.
The Board 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. Dr. Rathod, who has extensive experience in the solar manufacturing and renewable energy sector with the Waaree Group, will take over from Mr. Amit Ashok Paithankar, who resigned as Non-Executive Director and Chief Executive Officer effective the close of business on January 16, 2026, due to other commitments.
Furthermore, the Board approved the proposal to shift the company's registered office from the National Capital Territory of Delhi to the State of Maharashtra, pending necessary approvals. A postal ballot notice will be issued to seek shareholder approval for the registered office shift and Dr. Rathod's appointment as a Non-Executive Director.
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