Vikram Solar Limited announced the outcome of its Board Meeting held on January 20, 2026. The board approved the un-audited financial results for the quarter and nine months ended December 31, 2025, for both standalone and consolidated statements, along with the limited review report from the auditors. In addition, the board approved the re-appointment of Ms. Neha Agrawal as Whole-time Director for a period of three consecutive years, commencing March 22, 2026, until March 21, 2029. This appointment is subject to applicable approvals. The board also approved a revised postal ballot notice concerning the appointment of Mr. Suresh Gopinathan Menon as a Director (Non-Executive Non-Independent) and Mr. Joginder Pal Dua as a Director (Non-Executive-Independent), both effective from December 1, 2025. The re-appointment of Ms. Neha Agrawal as a Director and Whole-time Director for a three-year term from March 22, 2026, to March 21, 2029, was also approved, including remuneration. The financial results for the quarter ended December 31, 2025, show a profit after tax of ₹964.35 million on a standalone basis and ₹981.47 million on a consolidated basis. For the nine months ended December 31, 2025, standalone profit after tax was ₹3,590.84 million, and consolidated profit after tax was ₹3,599.99 million. The company also provided details on its Initial Public Offer (IPO) proceeds utilization as of December 31, 2025, with ₹11,918.54 million unutilized for general corporate purposes and capital expenditure. Key notes in the financial results mention matters related to safeguard duty on solar cells and amounts withheld by customers for EPC contracts, which are under dispute resolution. An exceptional item of ₹56.15 million was recognized due to the impact of new Labour Codes.
