SOLAR INDUSTRIES INDIA LTD.

Solar Industries India Ltd announced that its wholly-owned subsidiary, Solar Explochem Limited, has entered into a Share Purchase Agreement to acquire 100% of Sivasakthi Industrial Explosives Private Limited for a total consideration of ₹115.02 crores. Sivasakthi, incorporated in 2008, is engaged in the explosives industry. The acquisition is aimed at business expansion and is expected to be completed within 12 months. The transaction is not a related party transaction, and the promoter/promoter group has no interest in the acquired entity. Sivasakthi reported nil turnover for FY 2025-26, with previous turnovers of ₹34,99,675.00 in FY 2024-25 and ₹1,26,11,375.00 in FY 2023-24.

Solar Industries India Ltd, through its wholly-owned subsidiary Solar Overseas Mauritius Limited, has incorporated a new subsidiary named Solar Explochem Proprietary Limited in the Republic of Botswana. The incorporation took place on September 29, 2026. This move signifies an expansion of the company's business operations into the explosives industry in Botswana. The initial capital subscription for this new entity was USD 325,000, with Solar Industries India Ltd holding a 65% shareholding through its subsidiary.

Solar Industries India Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in accordance with SEBI regulations and the company's internal code of conduct. The window will be shut from October 1, 2026, until 48 hours after the declaration of the un-audited financial results for the quarter and half-year ended September 30, 2026. The date for the board meeting to approve these results will be communicated separately. This measure is standard practice to prevent insider trading during sensitive financial reporting periods.

Solar Industries India Ltd announced that its wholly-owned step-down subsidiary, Solar SA Investments Proprietary Limited, has entered into a definitive agreement to acquire 100% of Omnia Holdings Limited for US$1.355 billion. Omnia Holdings is a global, diversified chemicals company based in South Africa, with operations in over 23 countries and serving customers in more than 40. The acquisition aims to create a global platform for commercial explosives and blasting solutions, strengthening Solar Industries' international presence, expanding its geographical footprint, enhancing technological capabilities, and diversifying business operations. The transaction is expected to be completed in early to mid-2027, subject to regulatory approvals. Upon completion, Omnia will be delisted from the Johannesburg Stock Exchange and A2X Markets.

Solar Industries India Limited, through its wholly owned subsidiary Solar SA Investments Proprietary Limited, has announced definitive agreements to acquire South Africa-based Omnia Holdings Limited for approximately US$1.355 billion (₹12,951 crores) in an all-cash transaction. This strategic acquisition aims to significantly expand Solar Group's global footprint, particularly in the explosives and mining solutions sectors. Omnia Holdings, with a 73-year heritage, operates in 23 countries and reported revenue of approximately US$1.41 billion (₹13,307 crores) for the financial year ended March 31, 2026. The acquisition is expected to create a global platform for commercial explosives and blasting solutions, enhancing Solar Group's scale, market access, and competitive positioning across Africa and other international markets. The deal is subject to customary closing conditions, including regulatory approvals and Omnia shareholder approval.

Solar Industries India Ltd has responded to a SEBI query regarding news articles, clarifying that while the company evaluates strategic growth opportunities, there is no material event or information requiring disclosure at this stage. The company stated that the news reports are speculative and lack specific details. Solar Industries confirmed they are not aware of any unannounced information that could explain recent trading activity and that there are no related regulatory or legal proceedings. Appropriate announcements will be made if any opportunity reaches a definitive stage.

Solar Industries India Ltd (SIIL) announced its unaudited financial results for Q1 FY27, reporting a record performance with the highest-ever quarterly revenue, EBITDA, PBT, and PAT. Revenue surged by 70% year-on-year to ₹3,668 crore. EBITDA grew by 82% to ₹1,024 crore, and PAT increased by 89% to ₹666 crore. The company highlighted strong growth across its business segments: Defence business grew by 123% YoY, International Explosives by 65% YoY, and Domestic Explosives by 52% YoY. SIIL maintains a robust order book of ₹21,350 crore and has set an ambitious revenue guidance of ₹14,000 crore for FY2026-27. The company also plans capital investments of ₹2,050 crore for long-term growth.

Solar Industries India Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the standalone and consolidated results during a meeting held on August 13, 2026. A limited review report from the statutory auditors was also enclosed. The filing confirms the declaration of results for the specified period.

Solar Industries' consolidated Q1 FY27 revenue came in at ₹3,668.20 Cr, up 70.3% YoY (₹2,154.45 Cr) and 20.2% QoQ (₹3,052.75 Cr), with consolidated PAT of ₹666.37 Cr, up 89.0% YoY (₹352.62 Cr) and 19.8% QoQ (₹556.03 Cr); EPS nearly doubled to ₹72.11 from ₹37.43 a year ago. NPM expanded to 18.17% from 16.15% YoY, and OPM to 25.74% from 24.83% YoY, though OPM eased from 27.06% in the seasonally strong March quarter. Standalone growth was far more muted — revenue ₹1,656.32 Cr (+19.4% YoY) and PAT ₹358.38 Cr (+28.2% YoY) — a wide divergence from the consolidated print that points to subsidiaries (defence, mining services and overseas units) driving the bulk of the quarter's growth rather than the core domestic explosives business. On the cost side, materials consumed rose 75.6% YoY to ₹1,786.76 Cr and other expenses 69.7% YoY to ₹540.23 Cr, both growing faster than revenue, yet blended margins still expanded YoY on operating leverage and a richer mix from the higher-growth subsidiaries; the Ind AS 29 hyperinflation restatement on the Turkish step-down subsidiaries added a modest ₹25.33 Cr drag to other expenses this quarter. No exceptional items featured in either the current or comparable periods, so the growth is on a like-for-like basis. Management's FY27 guidance (from the Q4 FY26 call) targeted ₹14,000 Cr revenue at ~28% EBITDA margin, with defence crossing ₹4,500 Cr and continued international momentum, backed by ₹2,050 Cr of capex. This quarter's revenue annualises to roughly ₹14,670 Cr — already ahead of the full-year target after just one quarter — though the 25.74% OPM still trails the ~28% margin guided, leaving margin catch-up as the swing factor for the guidance to be met in full. Street positioning (a trailing-growth model from Univest, since no formal brokerage consensus was found) had pencilled in just ₹2,754 Cr revenue (+27.8% YoY) and ₹414 Cr PAT (+17.3% YoY); the actual print beat both by a wide margin. The quarter also saw the FY26 AGM approve financials and dividend (Aug 12) and a new South Africa subsidiary incorporated (Jul 9), consistent with the guided international push. Going into Q2, the print sets up two things to track: whether OPM converges toward the guided ~28% level as the higher-growth segments scale, and whether the consolidated-standalone growth gap persists — which would confirm subsidiaries, not the domestic base, as the primary FY27 growth engine.

Solar Industries India Ltd held its 31st Annual General Meeting (AGM) on August 11, 2026, via Video Conferencing. The meeting successfully passed resolutions for the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, along with the reports of the Board of Directors and Auditors. Additionally, the shareholders approved the declaration of a final dividend of ₹11 per equity share for the same fiscal year. The appointment of Shri Milind Deshmukh as a director retiring by rotation was also on the agenda. The voting results indicated strong support for all proposed resolutions.