Board Meeting7 May 2026, 10:51 pm
Vikram Solar: Board Approves FY26 Results, ₹3,726 Cr Capex
AI Summary
Vikram Solar Ltd's board approved the audited standalone and consolidated financial results for the year ended March 31, 2026. They also approved a ₹3,726 crore capital expenditure for a 6 GW wafer and ingot facility in Tamil Nadu by FY29, part of a larger 12 GW expansion plan. Several key management appointments and re-appointments were also approved, including Sameer Nagpal as Whole-time Director and CEO, and the re-designation of Neha Agrawal.
Key Highlights
- Audited FY26 standalone and consolidated financial results approved with an unmodified opinion from auditors.
- ₹3,726 crore capex approved for a 6 GW wafer and ingot facility in Tamil Nadu by FY29.
- Sameer Nagpal appointed as Whole-time Director and CEO, effective May 07, 2026.
- Gyanesh Chaudhary re-appointed as Chairman & Managing Director for 3 years.
- VSL Green Power Private Limited noted as a material subsidiary of the company.