{"id":10507,"date":"2026-11-03T17:52:03","date_gmt":"2026-11-03T12:22:03","guid":{"rendered":"https:\/\/www.wittytrades.com\/market-news\/solarinds-share-price-today-2026-11-03\/"},"modified":"2026-11-03T17:52:05","modified_gmt":"2026-11-03T12:22:05","slug":"solarinds-share-price-today-2026-11-03","status":"publish","type":"post","link":"https:\/\/www.wittytrades.com\/market-news\/solarinds-share-price-today-2026-11-03\/","title":{"rendered":"Solar Industries (I) Share Price Today: Why SOLARINDS Is Rising 1.11% | 3 November 2026"},"content":{"rendered":"<style id=\"wt-article-style-v4\">:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) { color:#30475c; font-size:16px; line-height:1.65; min-width:0; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *::before, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *::after { box-sizing:border-box; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-copy { font-size:16px !important; 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}\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta-button { display:inline-block; background:#10233f; color:#fff !important; padding:10px 17px; border-radius:7px; text-decoration:none !important; font-size:15px; font-weight:800; line-height:1.5; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta-dark .wt-cta-button { background:#ffe36e; color:#10233f !important; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-faq h3 { color:#173b58 !important; font-size:17px !important; line-height:1.45; margin:18px 0 6px !important; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) > p:last-child { font-size:13px; line-height:1.55; color:#606b78; border-top:1px solid #e1e7ef; padding-top:13px; margin-top:16px; }\n@media (max-width:960px) {\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip { grid-template-columns:repeat(3,minmax(0,1fr)); }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-row { grid-template-columns:1.7fr 1fr 1.2fr 1.2fr; gap:10px; }\n}\n@media (max-width:650px) {\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid { grid-template-columns:1fr; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-metrics { grid-template-columns:repeat(2,minmax(0,1fr)); }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-card { padding:14px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-row { grid-template-columns:repeat(2,minmax(0,1fr)); gap:10px 14px; padding:12px 0; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-person, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-row > div:last-child { grid-column:1 \/ -1; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta { padding:17px 15px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta-title { font-size:18px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div { padding:9px !important; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-funds .wt-card-title, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-funds .wt-card-body { font-size:15px; }\n}\n@media (max-width:420px) {\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip { grid-template-columns:repeat(2,minmax(0,1fr)); }\n}<\/p>\n<p>:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div {border:1px solid #dde6ee;border-radius:8px;background:#f9fbfd;}\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div > div:last-child {font-weight:800;color:#17324d;}\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) h2 {font-size:24px !important;line-height:1.35 !important;margin:28px 0 14px !important;color:#173b58;}\n<\/style>\n<div class=\"wt-article-v4\" data-witty-phase=\"live\" data-article-version=\"4\">\n<p class=\"wt-market-date\"><strong>NSE: SOLARINDS<\/strong> \u00b7 3 November 2026<\/p>\n<div class=\"wt-price-strip\">\n<div>\n<div>Price<\/div>\n<div>\u20b919,654.00<\/div>\n<\/div>\n<div>\n<div>Change<\/div>\n<div>+1.11%<\/div>\n<\/div>\n<div>\n<div>High \/ Low<\/div>\n<div>\u20b920,823.00 \/ \u20b919,455.00<\/div>\n<\/div>\n<div>\n<div>Prev. Close<\/div>\n<div>\u20b919,438.00<\/div>\n<\/div>\n<div>\n<div>Volume<\/div>\n<div>5.27 lakh<\/div>\n<\/div>\n<div>\n<div>Price as of<\/div>\n<div>3 November 2026 \u00b7 03:25 PM IST<\/div>\n<\/div>\n<\/div>\n<div class=\"wt-takeaways\">\n<div class=\"wt-card\" data-card=\"research\" style=\"background:#f4f8fd;border:1px solid #cbd8ea;border-left:4px solid #466fa5;border-radius:10px\">\n<div class=\"wt-card-title\">Key Takeaways<\/div>\n<div class=\"wt-card-body\">\n<ul class=\"wt-list\">\n<li>Solar Industries India Limited shares moved higher by 1.11% on November 03, 2026, trading near \u20b919,654.0 after opening at \u20b919,535.0.<\/li>\n<li>a press release dated September 14, 2026, titled &quot;Press release on proposed acquisition of Omnia Holdings Limited by Solar SA Investments Proprietary Limited&quot;.<\/li>\n<li>Trading volume was 4.49 times the 20-day average daily volume.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<h2>Why is Solar Industries (I) share price rising on 3 November 2026?<\/h2>\n<div class=\"wt-prose\">\n<p class=\"wt-copy\">Solar Industries India Limited shares moved higher by 1.11% on November 03, 2026, trading near \u20b919,654.0 after opening at \u20b919,535.0.<\/p>\n<p class=\"wt-copy\">The broader market demonstrated positive momentum as the Nifty advanced 1.58%, whereas the sector benchmark Nifty Metal edged down by 0.14%. Against this sectoral backdrop, the stock&#x27;s modest gain coincided with robust trading participation following recent corporate announcements.<\/p>\n<p class=\"wt-copy\">The price movement aligns with the release of the company&#x27;s financial results for the quarter and half year ended September 30, 2026, alongside updates regarding the appointment of joint statutory auditors. Management reported consolidated quarterly net revenue of \u20b93,519 crore and profit after tax of \u20b9650 crore, reinforcing positive operational sentiment.<\/p>\n<p class=\"wt-copy\">5.27 lakh shares traded by 3 November 2026 \u00b7 03:25 PM IST. This compares with a 20-day average daily volume of 1.18 lakh shares (4.49 times). The five-day average daily volume was 90,659 shares. Separately, the NSE report for 2 November 2026 showed 22,980 shares delivered, representing 29.81% of that day\u2019s traded volume. The same report recorded 21,818 trades.<\/p>\n<\/div>\n<div class=\"wt-likely-reason\">\n<div class=\"wt-card\" data-card=\"research\" style=\"background:#f4f8fd;border:1px solid #cbd8ea;border-left:4px solid #466fa5;border-radius:10px\">\n<div class=\"wt-card-title\">Likely Reason<\/div>\n<div class=\"wt-card-body\"><strong>Strong financial results and elevated volume<\/strong><\/p>\n<p class=\"wt-copy\">The stock&#x27;s upward movement of 1.11% on significantly higher-than-average volume is supported by the release of strong financial results for the quarter ended September 30, 2026, and positive management commentary regarding full-year guidance.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"wt-cta wt-cta-yellow\">\n<div class=\"wt-cta-title\">Research the Market \u2014 Not Just the Headline<\/div>\n<p class=\"wt-cta-copy\">Explore WittyTrades research across market segments.<\/p>\n<p><a class=\"wt-cta-button\" href=\"https:\/\/www.wittytrades.com\/Segments.html\">Explore WittyTrades Research \u2192<\/a><\/aside>\n<h2>Latest Company Developments<\/h2>\n<div class=\"wt-grid wt-grid-news\">\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">Investment \/ acquisition update<\/div>\n<div class=\"wt-card-date\">14 September 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">a press release dated September 14, 2026, titled &quot;Press release on proposed acquisition of Omnia Holdings Limited by Solar SA Investments Proprietary Limited&quot;.<\/p>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/SOLARINDS_14092026122254_signed_pressrelease.pdf\" rel=\"noopener\">Original source \u2192<\/a><\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">Exchange clarification on media report<\/div>\n<div class=\"wt-card-date\">3 September 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">The exchange sought clarification from the company regarding a recent media report. Such a request is a verification step and does not by itself confirm the reported issue.<\/p>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/SOLARINDS_03092026143546_Clarification_NSE.pdf\" rel=\"noopener\">Original source \u2192<\/a><\/div>\n<\/div>\n<\/div>\n<h2>Ownership &amp; Transaction Activity<\/h2>\n<div class=\"wt-grid wt-grid-ownership\">\n<div class=\"wt-card\" data-card=\"ownership\" style=\"background:#fff8e8;border:1px solid #ecd39e;border-left:4px solid #cc922c;border-radius:10px\">\n<div class=\"wt-card-title\">Shareholding<\/div>\n<div class=\"wt-card-date\">As of 30 September 2026<\/div>\n<div class=\"wt-card-body\">\n<div class=\"wt-grid wt-grid-metrics\">\n<div class=\"wt-metric\">\n<div class=\"wt-label\">Promoter holding<\/div>\n<div class=\"wt-value\">73.15%<\/div>\n<div class=\"wt-note\">73.15% on 30 June 2026<\/div>\n<\/div>\n<div class=\"wt-metric\">\n<div class=\"wt-label\">FII\/FPI<\/div>\n<div class=\"wt-value\">6.13%<\/div>\n<div class=\"wt-note\">6.40% on 30 June 2026<\/div>\n<\/div>\n<div class=\"wt-metric\">\n<div class=\"wt-label\">Institutional holding<\/div>\n<div class=\"wt-value\">19.68%<\/div>\n<div class=\"wt-note\">19.76% on 30 June 2026<\/div>\n<\/div>\n<\/div>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/xbrl\/SHP_1741853_19102026061408_WEB.xml\" rel=\"noopener\">NSE shareholding filing \u2192<\/a><\/div>\n<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"insider\" style=\"background:#edf5ff;border:1px solid #c9dbef;border-left:4px solid #4b7fb8;border-radius:10px\">\n<div class=\"wt-card-title\">Historical Insider Activity<\/div>\n<div class=\"wt-card-body\">\n<div class=\"wt-insider-row\">\n<div class=\"wt-insider-person\"><strong>Smt. Indira Kailashchandra Nuwal<\/strong><span class=\"wt-note\">Promoters<\/span><\/div>\n<div><span class=\"wt-label\">Transaction<\/span><strong>Sell<\/strong><\/div>\n<div><span class=\"wt-label\">Quantity<\/span><strong>55.68 lakh shares<\/strong><\/div>\n<div><span class=\"wt-label\">Trade date<\/span><strong>9 March 2026<\/strong><\/div>\n<\/div>\n<div class=\"wt-insider-row\">\n<div class=\"wt-insider-person\"><strong>Shri Kailash Chandra Nuwal<\/strong><span class=\"wt-note\">Promoters<\/span><\/div>\n<div><span class=\"wt-label\">Transaction<\/span><strong>Sell<\/strong><\/div>\n<div><span class=\"wt-label\">Quantity<\/span><strong>2.09 crore shares<\/strong><\/div>\n<div><span class=\"wt-label\">Trade date<\/span><strong>9 March 2026<\/strong><\/div>\n<\/div>\n<div class=\"wt-insider-row\">\n<div class=\"wt-insider-person\"><strong>Sohan Devi Nand Lal Nuwal Family Trust<\/strong><span class=\"wt-note\">Promoters<\/span><\/div>\n<div><span class=\"wt-label\">Transaction<\/span><strong>Buy<\/strong><\/div>\n<div><span class=\"wt-label\">Quantity<\/span><strong>2.65 crore shares<\/strong><\/div>\n<div><span class=\"wt-label\">Trade date<\/span><strong>9 March 2026<\/strong><\/div>\n<\/div>\n<div class=\"wt-insider-row\">\n<div class=\"wt-insider-person\"><strong>Smt. Indira Kailashchandra Nuwal<\/strong><span class=\"wt-note\">Promoters<\/span><\/div>\n<div><span class=\"wt-label\">Transaction<\/span><strong>Sell<\/strong><\/div>\n<div><span class=\"wt-label\">Quantity<\/span><strong>55.68 lakh shares<\/strong><\/div>\n<div><span class=\"wt-label\">Trade date<\/span><strong>9 November 2026<\/strong><\/div>\n<\/div>\n<div class=\"wt-insider-row\">\n<div class=\"wt-insider-person\"><strong>Shri Kailash Chandra Nuwal<\/strong><span class=\"wt-note\">Promoters<\/span><\/div>\n<div><span class=\"wt-label\">Transaction<\/span><strong>Sell<\/strong><\/div>\n<div><span class=\"wt-label\">Quantity<\/span><strong>2.09 crore shares<\/strong><\/div>\n<div><span class=\"wt-label\">Trade date<\/span><strong>9 November 2026<\/strong><\/div>\n<\/div>\n<div class=\"wt-note wt-source-note\">Source: NSE transaction disclosures. These are dated historical transactions.<\/div>\n<\/div>\n<\/div>\n<h2>Mutual Fund Holdings<\/h2>\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">Mutual-fund ownership<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">Mutual funds held 12.11% on 30 September 2026. This compares with 12.25% on 30 June 2026, a change of -0.14 percentage points.<\/p>\n<p class=\"wt-copy\">The filing reported 42 MF\/UTI holders.<\/p>\n<div class=\"wt-grid wt-grid-funds\">\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">Sbi Aggressive Hybrid Fund<\/div>\n<div class=\"wt-card-date\">30 September 2026<\/div>\n<div class=\"wt-card-body\">34.07 lakh shares \u00b7 3.76%<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">Kotak Flexicap Fund<\/div>\n<div class=\"wt-card-date\">30 September 2026<\/div>\n<div class=\"wt-card-body\">23.56 lakh shares \u00b7 2.60%<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">Axis Mutual Fund Trustee Limited A\/C Axis Mutual Fund A\/C Axis Midcap Fund<\/div>\n<div class=\"wt-card-date\">30 September 2026<\/div>\n<div class=\"wt-card-body\">10.35 lakh shares \u00b7 1.14%<\/div>\n<\/div>\n<\/div>\n<div class=\"wt-note wt-source-note\">These are quarterly holdings, rather than purchases or sales on the article date.<\/div>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/xbrl\/SHP_1741853_19102026061408_WEB.xml\" rel=\"noopener\">NSE shareholding filing \u2192<\/a><\/div>\n<\/div>\n<h2>What to Watch Next<\/h2>\n<ul class=\"wt-list\">\n<li>Execution progress on the \u20b920,178 crore order book across domestic explosives, international markets, and defence<\/li>\n<li>Updates regarding the proposed acquisition of Omnia Holdings Limited in South Africa<\/li>\n<li>Performance trends in the defence segment including upcoming deliveries of specialized ammunition and propellants<\/li>\n<li>Volume and delivery participation trends relative to the 20-day average volume<\/li>\n<\/ul>\n<h2>Other Dated Coverage<\/h2>\n<ul class=\"wt-list\">\n<li><a href=\"https:\/\/www.wittytrades.com\/market-news\/solarinds-share-price-today-2026-10-23\/\">Solar Industries (I) Share Price Today: Why SOLARINDS Is Falling 3.39% | 23 October 2026 \u2014 23 October 2026<\/a><\/li>\n<li><a href=\"https:\/\/www.wittytrades.com\/market-news\/solarinds-share-price-today-2026-10-22\/\">Solar Industries (I) Share Price Today: Why SOLARINDS Is Falling 1.29% | 22 October 2026 \u2014 22 October 2026<\/a><\/li>\n<li><a href=\"https:\/\/www.wittytrades.com\/market-news\/solarinds-share-price-today-2026-10-21\/\">Solar Industries (I) Share Price Today: Why SOLARINDS Is Falling 2.23% | 21 October 2026 \u2014 21 October 2026<\/a><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.wittytrades.com\/market-news\/tag\/solarinds\/\">More Solar Industries (I) news and dated analysis \u2192<\/a><\/p>\n<aside class=\"wt-cta wt-cta-dark\">\n<div class=\"wt-cta-title\">Looking for Research-Backed Market Opportunities?<\/div>\n<p class=\"wt-cta-copy\">Explore WittyTrades research across market segments.<\/p>\n<p><a class=\"wt-cta-button\" href=\"https:\/\/www.wittytrades.com\/Segments.html\">Explore WittyTrades Research \u2192<\/a><\/aside>\n<h2>Frequently Asked Questions<\/h2>\n<div class=\"wt-faq\">\n<h3>What is the latest Solar Industries (I) company news?<\/h3>\n<p class=\"wt-copy\">a press release dated September 14, 2026, titled &quot;Press release on proposed acquisition of Omnia Holdings Limited by Solar SA Investments Proprietary Limited&quot;.<\/p>\n<h3>How strong was Solar Industries (I)\u2019s trading volume?<\/h3>\n<p class=\"wt-copy\">5.27 lakh shares traded, 4.49 times the 20-day average daily volume. The price and volume data are dated 3 November 2026 \u00b7 03:25 PM IST.<\/p>\n<h3>Do the mutual-fund figures show buying today?<\/h3>\n<p class=\"wt-copy\">They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.<\/p>\n<\/div>\n<p><strong>Research &amp; analysis:<\/strong> <a href=\"https:\/\/www.wittytrades.com\/About_Us.html\">WittyTrades Research Desk<\/a><br \/><strong>Reviewed by:<\/strong> <a href=\"https:\/\/www.wittytrades.com\/About_Us.html\">Mohanish Sanghavi \u2014 SEBI Registered Research Analyst<\/a><\/p>\n<p>Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.<\/p>\n<\/div>\n<p><script type=\"application\/ld+json\">{\"@context\": \"https:\/\/schema.org\", \"@graph\": [{\"@type\": \"WebSite\", \"@id\": \"https:\/\/www.wittytrades.com\/#website\", \"url\": \"https:\/\/www.wittytrades.com\/\", \"name\": \"WittyTrades\", \"publisher\": {\"@id\": \"https:\/\/www.wittytrades.com\/#organization\"}, \"inLanguage\": \"en-IN\"}, {\"@type\": \"Organization\", \"@id\": \"https:\/\/www.wittytrades.com\/#organization\", \"name\": \"WittyTrades\", \"alternateName\": \"Witty Networks\", \"url\": \"https:\/\/www.wittytrades.com\/\", \"telephone\": \"+91-22-48972020\", \"identifier\": [{\"@type\": \"PropertyValue\", \"propertyID\": \"SEBI Research Analyst Registration\", \"value\": \"INH000008172\"}, {\"@type\": \"PropertyValue\", \"propertyID\": \"BSE Research Analyst Code\", \"value\": \"5430\"}]}, {\"@type\": \"Organization\", \"@id\": \"https:\/\/www.wittytrades.com\/#research-desk\", \"name\": \"WittyTrades Research Desk\", \"url\": \"https:\/\/www.wittytrades.com\/About_Us.html\", \"parentOrganization\": {\"@id\": \"https:\/\/www.wittytrades.com\/#organization\"}}, {\"@type\": \"Person\", \"@id\": \"https:\/\/www.wittytrades.com\/About_Us.html#mohanish-sanghavi\", \"name\": \"Mohanish Sanghavi\", \"jobTitle\": \"SEBI Registered Research Analyst\", \"url\": \"https:\/\/www.wittytrades.com\/About_Us.html\", \"worksFor\": {\"@id\": \"https:\/\/www.wittytrades.com\/#organization\"}, \"identifier\": {\"@type\": \"PropertyValue\", \"propertyID\": \"SEBI Research Analyst Registration\", \"value\": \"INH000008172\"}}, {\"@type\": \"NewsArticle\", \"@id\": \"https:\/\/www.wittytrades.com\/market-news\/solarinds-share-price-today-2026-11-03\/#article\", \"mainEntityOfPage\": {\"@type\": \"WebPage\", \"@id\": \"https:\/\/www.wittytrades.com\/market-news\/solarinds-share-price-today-2026-11-03\/\"}, \"headline\": \"Solar Industries (I) Share Price Today: Why SOLARINDS Is Rising 1.11% | 3 November 2026\", \"description\": \"Solar Industries (I) share price rose 1.11% to \u20b919,654.00 today. See why SOLARINDS is rising, volume context, company developments and what to watch next.\", \"datePublished\": \"2026-11-03T17:51:52.821494+05:30\", \"dateModified\": \"2026-11-03T17:51:52.821494+05:30\", \"author\": {\"@id\": \"https:\/\/www.wittytrades.com\/#research-desk\"}, \"reviewedBy\": {\"@id\": \"https:\/\/www.wittytrades.com\/About_Us.html#mohanish-sanghavi\"}, \"publisher\": {\"@id\": \"https:\/\/www.wittytrades.com\/#organization\"}, \"isPartOf\": {\"@id\": \"https:\/\/www.wittytrades.com\/#website\"}, \"about\": {\"@type\": \"Thing\", \"name\": \"Solar Industries (I)\", \"identifier\": {\"@type\": \"PropertyValue\", \"propertyID\": \"NSE Symbol\", \"value\": \"SOLARINDS\"}}, \"inLanguage\": \"en-IN\", \"isAccessibleForFree\": true, \"image\": [\"https:\/\/www.wittytrades.com\/market-news\/wp-content\/uploads\/2026\/11\/solarinds-company-news-2026-11-03.jpg\"]}]}<\/script><!-- wt-article-record:{\"news_events\":[{\"title\":\"Change in Auditors\",\"summary\":\"Change in Auditors of the company.\",\"source\":\"NSE\",\"published\":\"03-Nov-2026 16:11:36\",\"source_type\":\"official filing\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/SOLARINDS_03112026161050_Reg_30_Appointment_of_Statutory_Auditor_Sd.pdf\",\"disclosure_text\":\"Public Public November 03, 2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex Floor No. 25, PJ Towers, Bandra (E) Mumbai- 400051 Dalal Street Mumbai- 400001 Trading Symbol: \u201cSOLARINDS\u201d Scrip Code: 532725 Through NEAPS Through BSE Listing Centre Sub: Intimation of Appointment \/Re-appointment of Statutory Auditors Dear Sir\/Ma\u2019am, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Section 139 of the Companies Act, 2013 and the rules made thereunder, we wish to inform you that, based on the Audit Committee\u2019s recommendation, the Board of Directors, at its meeting held on November 03, 2026, has approved the appointment of M\/s Price Waterhouse Chartered Accountants LLP , Chartered Accountants (ICAI Firm Registration No. 012754N\/N500016), in place of the retiring Statutory Auditor, M\/s SRBC & Co. LLP , Chartered Accountants (ICAI Firm Registration No:. 324982E\/E300003) and the re-appointment of M\/s Gandhi Rathi & Co. , Chartered Accountants (Firm Registration No. 103031W), as joint Statutory Auditors of the Company for a five-year term, from the conclusion of the 32 nd Annual General Meeting (AGM), to be held in 2027, until the conclusion of the 37th AGM, to be held in 2032 subject to Shareholders\u2019 approval. M\/s SRBC & Co. LLP, Chartered Accountants (Firm Registration No. 324982E\/E300003), shall continue to audit the Company until the conclusion of the 32nd AGM. The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI\/HO\/49\/14\/14(7)2025- CFD-POD2\/I\/3762\/2026 dated January 30, 2026 (\u2018SEBI Circular\u2019), are enclosed in the Annexure A below. This is for your information and record. Yours Truly, For Solar Industries India Limited Khushboo Pasari Company Secretary & Compliance Officer Public Public Annexure A Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: Sr. No. Particulars Description 1. Reason for change viz. appointment, reappointment, resignation, removal, death or otherwise. M\/s SRBC & Co. LLP , (ICAI Firm Registration No:. 324982E\/E300003), the current Statutory Auditor will continue to undertake the audit of the Company and its subsidiary until the conclusion of the 32 nd Annual General Meeting, marking the completion of their second consecutive term of 5 years. M\/s Price Waterhouse Chartered Accountants LLP , Chartered Accountants (ICAI Firm Registration No. 012754N\/N500016), have been appointed and M\/s Gandhi Rathi & Co. , Chartered Accountants (Firm Registration No. 103031W), have been reappointed for their second term as the Joint Statutory Auditors of the Company from the conclusion of the 32 nd AGM, subject to approval of the Members. 2. Date of appointment \/ re-appointment \/ cessation (as applicable) and Term of Appointment \/re-appointment. At ensuing Annual General Meeting. For a period of five years commencing from the conclusion of this 32 nd Annual General Meeting till the conclusion of the 37th Annual General Meeting subject to approval of Shareholders at the 32 nd Annual General Meeting of the Company. 3. Brief profile. Price Waterhouse Chartered Accountants LLP, (the \u201cFirm\u201d) having a Firm Registration No. 012754N\/ N500016, is a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India. The Firm was established in the year 1991 and was converted into a limited liability partnership in the year 2014. The registered office of the Firm is at Sucheta Bhawan, 11A Vishnu Digambar Marg, New Delhi - 110 002 and has seventeen (17) branch offices in various cities in India. The Firm is primarily engaged in providing auditing and other assurance services to its clients and is a member firm of Price Waterhouse & Affiliates, a network of firms registered with the Institute of Chartered Accountants Public Public of India having Network Registration No. NRN\/E\/14. Price Waterhouse & Affiliates is a network of separate, distinct and independent Indian Chartered Accountant firms, each of which is registered with the Institute of Chartered Accountants of India. The Firm has more than 120 Assurance Partners as of April 1, 2026. It has a valid peer review certificate and audits various companies listed on stock exchanges in India M\/s. Gandhi Rathi and Co (\\\"the Audit Firm\\\"), is a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India (ICAl) since 1987, with Firm Registration Number 103031W. The Firm has obtained Peer Review certificate from ICAI. The firm specializes in Audit & Assurance, Taxation Services and also provides range of other professional services to it's clients including Management Consultancy, Project Finance & Business Advisory services & Risk Mitigation. It has Highly satisfied pool of clients over four decades. The firm has head office at Nagpur from where it caters to the diverse needs of client. *****\"},{\"title\":\"Investor Presentation\",\"summary\":\"Investor Presentation\",\"source\":\"NSE\",\"published\":\"03-Nov-2026 14:36:58\",\"source_type\":\"official filing\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/SOLARINDS_03112026143648_Signed_IP.pdf\",\"disclosure_text\":\"November 03, 2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex Floor no. 25, PJ Towers Bandra (E) Dalal Street Mumbai - 400 051 Mumbai \u2013 400 001 Trading Symbol: \u201cSOLARINDS\u201d Scrip Code: 532725 Through NEAPS Through BSE Listing Center Sub: Fact Sheet - Presentation on Unaudited Financial Results for the quarter and half year ended on September 30, 2026. Dear Sir\/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of the presentation to analysts\/investors on Unaudited Financial Results of the Company for the quarter and half year ended on September 30, 2026. The above information is also available on the website of the Company, i.e. www.solargroup.com. This is for your information and record. Kindly acknowledge the receipt of the same. Yours truly, For Solar Industries India Limited Khushboo Pasari Company Secretary & Compliance Officer Rise & Shine Q2FY27 & HYFY27 SOLAR INDUSTRIES INDIA LIMITED Board Presentation Q2 Sales EBIDTA PBT PAT 3519 2082 69% 1021 582 75% 877 490 79% 650 361 80% 27 VS 26 Q2FY27 VS Q2FY26 SNAPSHOT Rs. In Cr HY Sales EBIDTA PBT PAT 7187 4237 70% 2045 1146 78% 1789 970 84% 1316 714 84% 27 VS 26 HYFY27 VS HYFY26 Rs. In Cr Particulars Q 1 FY 27 Q 2 FY 27 Q2FY26 % Change Q 1 FY 27 Q 2 FY 27 Q2FY26 Change NetSales 3668 3519 2082 69% Material Consumed 1857 1676 988 70% 50.63% 47.63% 47.44% 0.19 Employee Cost 256 266 195 36% 6.97% 7.57% 9.35% (1.78) Other Expenses 540 571 347 65% 14.73% 16.22% 16.66% (0.44) EBIDTA 1024 1021 582 75% 27.91% 29.02% 27.95% 1.07 Depreciation 80 88 61 44% 2.17% 2.50% 2.91% (0.41) Interest\/ Fin 41 55 31 77% 1.12% 1.57% 1.48% 0.09 PBT 911 877 490 79% 24.85% 24.94% 23.51% 1.43 TAX 245 227 128 77% - - - - PAT 666 650 361 80% 18.17% 18.47% 17.36% 1.11 Rs. In Cr % of Net Sales QUARTERLY RESULT Customer Q1FY27 % of Sales Q2FY27 % of sales Q2FY26 % of sales Change YoY Domestic Explosives 1361 37% 963 27% 597 29% 61% International Explosives 1364 37% 1515 43% 963 46% 57% Defence 933 26% 1002 29% 506 24% 98% Others 10 0% 39 1% 16 1% 144% Total 3668 3519 2082 69% Rs. In Cr 27% 43% 29% 1% Q2FY27 29% 46% 24% 1% Q2FY26 37% 37% 26% 0% Q1FY27 QUARTERLY CUSTOMERS Particulars - HY FY 27 HY FY 26 % Change HYFY27 HY FY 26 Change NetSales 7187 4237 70% Material Consumed 3533 2082 70% 49.16% 49.15% 0.01 Employee Cost 522 378 38% 7.26% 8.93% (1.67) Other Expenses 1111 688 62% 15.46% 16.25% (0.79) EBIDTA 2045 1146 78% 28.45% 27.05% 1.40 Depreciation 168 117 44% 2.33% 2.75% (0.42) Interest\/ Fin 97 58 67% 1.34% 1.38% (0.04) PBT 1789 970 84% 24.89% 22.90% 1.99 TAX 473 256 85% - - - PAT 1316 714 84% 18.32% 16.85% 1.47 Rs. In Cr % of Net Sales HALF YEARLY RESULT Customer HYFY27 % of Sales HYFY26 % of sales Change YoY Domestic Explosives 2324 32% 1495 35% 55% International Explosives 2879 40% 1789 42% 61% Defence 1935 27% 925 22% 109% Others 49 1% 28 1% 82% Total 7187 4237 70% Rs. In Cr 35% 42% 22% 1% HYF26 32% 40% 27% 1% HYFY27 HALF YEARLY CUSTOMERS ORDER BOOK STATUS CIL & SCCL Rs.2610 Cr Defence Rs. 17568 Cr Rs. 20178 Cr Particulars HYFY27 FY26 Net Debt (in cr) 1177 867 Net Debt\/ Equity Ratio 0.15 0.13 Net Debt\/EBIDTA Ratio 0.29 0.32 Capex (in cr) 873 1556 Working Capital Days 108 130 BORROWING & CAPEX SHAREHOLDING as on 30.09.26 12.35 7.07 6.13 0.77 0.53 Mutual Funds & AIF Public & Others FI I & FPI Other Bodies Corporate Insurance Companies SBI-MF (3.76), Kotak Fund (2.60), AXIS (1.14) , Others (4.85) Promoter\u2019s Holding : 73.15% Mutual Funds FII\"},{\"title\":\"Press Release\",\"summary\":\"a press release dated November 03, 2026, titled \\\"Updates on Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter and half year ended on September 30, 2026.\\\".\",\"source\":\"NSE\",\"published\":\"03-Nov-2026 14:29:43\",\"source_type\":\"official filing\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/SOLARINDS_03112026142931_Press_Release_sdcs.pdf\",\"disclosure_text\":\"November 03, 2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex Floor no. 25, PJ Towers Bandra (E) Dalal Street Mumbai - 400 051 Mumbai \u2013 400 001 Trading Symbol: \u201cSOLARINDS\u201d Scrip Code: 532725 Through NEAPS Through BSE Listing Center Sub: Updates on Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter and half year ended on September 30, 2026. Dear Sir\/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we are enclosing herewith the updates on Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter and half year ended on September 30, 2026. This is for your information and records. Kindly acknowledge the receipt of the same. Yours truly, For Solar Industries India Limited Khushboo Pasari Company Secretary & Compliance Officer Encl: As above. November 03, 2026 PRESS RELEASE Solar Industries Reports Strong Broad-Based Performance in Q2 and H1 FY2026-27, Confident of Surpassing Full-Year Guidance Solar Industries India Limited (SIIL) today announced its unaudited financial results for the quarter and half year ended September 30, 2026. Key Highlights \uf0b7 Consolidated revenue of \u20b93519 crore in Q2 FY27, representing growth of 69% year-on- year, and \u20b97187 crore in H1 FY27, representing growth of 70% year-on-year. \uf0b7 EBITDA of \u20b91021 crore in Q2 FY27, with an EBITDA margin of 29.02%, and \u20b92045 crore in H1 FY27, with a margin of 28.45%. \uf0b7 Profit after tax of \u20b9650 crore in Q2 FY27 and \u20b91316 crore in H1 FY27. \uf0b7 Order book of \u20b920178 crore, providing visibility for future execution. Quarterly and Half-Year Snapshot Particulars Q2 FY27 Q2 FY26 YoY Change H1 FY27 H1 FY26 YoY Change Net Revenue (\u20b9 crore) 3519 2082 69% 7187 4237 70% EBITDA (\u20b9 crore) 1021 582 75% 2045 1,146 78% EBITDA Margin 29.02% 27.95% 107bps 28.45% 27.05% 140bps PBT (\u20b9 crore) 877 490 79% 1789 970 84% PAT (\u20b9 crore) 650 361 80% 1316 714 84% Management Commentary Commenting on the performance, Mr. Manish Nuwal, Managing Director and CEO, said: \u201cWe are pleased to report another quarter of strong and broad-based performance. Consolidated revenue was \u20b93519 crore for the quarter and \u20b97187crore for the first half, representing year-on-year growth of 69% and 70%, respectively. Quarterly EBITDA was \u20b91021crore, with a margin of 29.02%, and profit after tax was \u20b9650 crore. For the first half, EBITDA and profit after tax were \u20b92045 crore and \u20b91316 crore,respectively. Performance was supported by contributions from Domestic Explosives, International Explosives and Defence. The results reflect the resilience of our business model, disciplined execution and the benefits of our strategic investments.\u201d Domestic Explosives Commenting on the Domestic Explosives business, Mr. Nuwal said: \u201cOur Domestic Explosives business delivered a healthy performance during the quarter, supported by demand from the mining and infrastructure sectors, stronger customer engagement ,an expanded manufacturing footprint and technical-service capabilities enabling us to serve customers efficiently and participate in India\u2019s long- term mining and infrastructure growth.\u201d International Explosives Commenting on the International Explosives business, he added: \u201cOur International Explosives business maintained its momentum, supported by deeper customer relationships, improved market penetration and sustained demand across key operating geographies. Our integrated portfolio of explosives, initiating systems and technical mining solutions supports our position as a long-term partner to global mining customers. We remain focused on scaling our international operations by entering into growing markets through acquisitions and greenfield expansions.\u201d Defence Highlighting the performance of the Defence business, Mr. Nuwal said: \u201cThe Defence business continued to grow, supported by execution of the existing order book, an expanding portfolio of indigenously developed products and opportunities in domestic and international markets. Our capabilities across the ammunition value chain, the order pipeline, execution of key programmes and ongoing customer engagement support our confidence in our long-term prospects. We are likely to get large orders from international and Indian defence sector, which include guided pinaka rockets as well in near future. Outlook Concluding the performance update, Mr. Nuwal said: \u201cThe Company\u2019s first-half performance, together with momentum across Domestic Explosives, International Explosives and Defence, has reinforced our confidence in its growth trajectory. Based on the results achieved, the strength of the order book and the opportunities across our businesses, we expect to surpass our stated annual guidance for FY2026-27. Our expanding manufacturing footprint, disciplined capital allocation, technology-led product development and broader presence in domestic and international markets provide a foundation for sustainable growth. We will remain focused on operational excellence, timely execution, prudent growth and the creation of long-term stakeholder value.\u201d About Solar Industries India Ltd \uf0fc One of the world\u2019s leading manufacturers of explosives and initiating systems. \uf0fc One of the most valued explosives companies in the world. \uf0fc Worldwide presence with 40 manufacturing facilities. \uf0fc Global footprint in 90+ countries with manufacturing facilities in 11 countries. \uf0fc First private sector company in India to set up an integrated facility for defence products such as high-energy materials, rocket propellants, warheads and rockets. \uf0fc First private sector company to receive ready-to-use ammunition orders from the defence sector. \uf0fc First private sector company to receive defence export orders for ready-to-use ammunition. \uf0fc First private sector company to indigenously develop, receive and supply orders for drone-based loitering munitions. \uf0fc First private sector company to indigenously develop three new explosives: SEBEX-2, SITBEX-1 and SIMEX-4. With over 30 years of proven expertise, we\u2019ve built a robust portfolio of high-impact solutions across mining, infrastructure, defence, and space. Our journey has been one of transformation\u2014rooted in innovation, driven by purpose. As we continue to unlock new growth opportunities, our commitment to performance and stakeholder value remains stronger than ever. Manish Nuwal Managing Director and CEO For more information on the release, please contact: investor.relations@solargroup.com\"},{\"title\":\"Integrated Filing- Financial\",\"summary\":\"Outcome of the Board Meeting dated November 03, 2026.\",\"source\":\"NSE\",\"published\":\"03-Nov-2026 14:15:50\",\"source_type\":\"official filing\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/SOLARINDS_03112026141540_OutcomeBM.pdf\",\"disclosure_text\":\"November 03, 2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex Floor no.25, PJ Towers Bandra (E) Dalal Street Mumbai - 400 051 Mumbai \u2013 400 001 Trading Symbol: \u201cSOLARINDS\u201d Scrip Code: 532725 Through NEAPS Through BSE Listing Center Subject: Outcome of the Board Meeting dated November 03, 2026. Dear Sir\/Madam, With reference to the captioned subject and pursuant to the Regulation 30, Regulation 33 and 52 read with para A of part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) 2015, (as amended from time to time), we hereby inform the Exchange that the Board of Directors of the Company at their meeting held on Tuesday, November 03, 2026 at 12:45 p.m. at \\\"Solar\\\" House, 14, Kachimet, Amravati Road, Nagpur - 440023 has inter alia considered and approved the following:- 1. The Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026 along with Limited Review Report. 2. Based on the Audit Committee\u2019s recommendation, the Board of Directors, at its meeting held on November 03, 2026, has approved the appointment of M\/s Price Waterhouse Chartered Accountants LLP, Chartered Accountants (ICAI Firm Registration No. 012754N\/N500016), in place of the retiring Statutory Auditor, M\/s SRBC & Co. LLP, Chartered Accountants (ICAI Firm Registration No:. 324982E\/E300003) and the re-appointment of M\/s Gandhi Rathi & Co., Chartered Accountants (Firm Registration No. 103031W), as joint Statutory Auditors of the Company for a five-year term, from the conclusion of the 32 nd Annual General Meeting (AGM), to be held in 2027, until the conclusion of the 37th AGM, to be held in 2032 subject to Shareholders\u2019 approval. The meeting of the Board Directors of the Company commenced at 12:45 p.m. and concluded at 01:30 p.m. This is for your information and records. Kindly acknowledge receipt of the same. Yours truly, For Solar Industries India Limited Khushboo Pasari Company Secretary & Compliance Officer November 03, 2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex Floor no.25, PJ Towers Bandra (E) Dalal Street Mumbai - 400 051 Mumbai \u2013 400 001 Trading Symbol: \u201cSOLARINDS\u201d Scrip Code: 532725 Through NEAPS Through BSE Listing Center Sub: Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended on September 30, 2026. Dear Sir\/Madam, In continuation of our letter dated October 27, 2026 and pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended on September 30, 2026 duly approved by the Board of Directors of the Company at their meeting held on Tuesday, November 03, 2026 at Registered Office of the Company situated at \u201cSolar\u201d House, 14, Kachimet, Amravati Road, Nagpur - 440 023. The meeting of the Board of Directors of the Company commenced at 12:45 p.m. and concluded at 01:30 p.m. We have also enclosed a copy of the Limited Review Report of the Statutory Auditors on the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended on September 30, 2026. This is for your information and records. Kindly acknowledge receipt of the same. Yours truly, For Solar Industries India Limited Khushboo Pasari Company Secretary & Compliance Officer 50L\/\\\\R5 StAlEtlftt OF UI{AUD|IEO CONEOUDAIEO Fll{AllCUL REEULIS FOR TllE OU RTER AND llAlF Yl^R EI{DID aEPTEtrtBlR lO,2024. PartculaB .) b) Rctwc tom Opdtdm OMh6m. 3,3r8.e2 15.37 3,668.20 a3) 2,O822 20.t8 7,t6?.12 23.C9 1,23667 5t.{,1 0,83?.74 r27.08 .) b) c) d) ., 0 !) Cod ol Mrtldlli cruld h idlmdcl ol Ftirh.d Good!, Wort-lrProor.s rnd Sioct.!FT.!& Enplofoo B?n.fib \u20acrp.M Fimm C6b rnd Amorli4libn crp.m t6{x.73 177.55 (r06. m.21 t5.36 E7.95 6t0.fl t7E6.76 roa.80 255.E0 41.20 7E.f1 540.23 e3c.r0 1Z2.tl tta.70 30,E9 60.62 31E.95 3.39t.49 282.35 52 t.El 96.E2 187.69 t,r 11.00 I,t5t.1! 24.61 (65.4r 370.{9 5E.32 r t6.60 83e.6t 36E.6E (177 tl,l.9E 133.07 260.87 .23 Totll2ttar52tr7131t,t20.xr,.:to.at332t.0tr,too.z ' Not affpsbad ld ttE auaabr for Sohr hdqtri.. tdL LhrlH Pl6 | tLgpnt lLl-r ildmLr 01, lzt ildl.t l{urvd Hu.{lng Dlr*$r e CEO oN - 00tc4slE Solar lndustries lndia Limited E Regd. Office: \\\"Solar\\\" Housg 14 Kachimet, Amravati Road, Nagpur - 44OO23, Maharashtra, INDIA CIN : 174999MH1995P1CO85878 e solar@solargroup.com @ www.solargroup.com s} +917126634567 1457A Y{r.rd.d Hrf y..r.idad Quru f,tdrd rff-t26sr-0t.202c sfi.msfi5ts0.0r20rtto,0tt02r UilodiH Unfldii.dt mrdit dUmudHArdlbd t Mudibd t2lrttlat{tttsl ttl a70,.E 87t.la (0.E8) 070rt 213.70 0.2\u20ac 12.25 2$6.2. z,3ra.l5 0.27 4*8,22 606.05 0.03 r6.85 t7\/ral tn,u (0,36) aff.at 225.21 3.70 (.57) tol.7l E.75 0lt.{t ltt.lt 23:'.55 I 1.5,1 12..36 021 5.{5 iatt.62 1$.{ (0.0{) a!t.32 458.76 3.70 0.e7 I,tl0.tt EJO r,TtaJl t,7tt.lt t.tSara al0,0aaat.ttt6t.4t'r,t.ta.fif11.0f 320.25 (E.n) (72.?3) 0.23 13.13 (t.t4 r07.00 (r.$l 3,t.63 (5.821 279.10 o.21' 126.25 (10.2C) (99.?3) 2.38 27.00 (2.r51 13.r3 (t.14 1t.tt e.nl I tt.ttlol.00 il,a.a42att.'.et20t.49 41c.61aa'tt)tet.oant?.u rJ.a.ttaalz. 5,1t5.e2 0.r6 ,t.?3 r6.35 t.!E 0.Eo 0.09 3.0:t t.52 z2.t0x r8.85% 0.2rt 0.00 063.67 30.40 63.t3 2C2a 769.40 5E.04 7t.lt ft,rt '16.10 t3n.65 58.08 1.903.57 134.07 'll1.!i lt.3e 18.10 6\\\"250.t0 6,277.N 0.23 5.15 20.10 2.06 0.t6 0.r3 5.06 17.00 21.107r 't7.65% 0.{0 0.00 ?&.oil 7{.9E I a I g 7 t t l1 1Z tt P.offl bdoF 6Mn ot Profft, (ldrl ol -rcLt . (il|}, Eropllqrl il.m rd Tu (1 - 2l lsh.r. ot Profi \/ llo!) ot reoialoB (ml) Profit ffin Erapiiill ibD rd ld (! + 4l ErcgplbNlliaft Poft HoF Td (6 + al Td E e.io 6) Cwd T.r b) Adit!&nst ot br.oLlir! to .dLr pdiod c) O.t trcdlrr l{.4 Pro{t lbr tr pdod ( t . t I Olh.r Cdpfrtf.iv. hm O 6) lt m.0[t$ilnolb..6cl.sI!6d toProfit d Loc b) lMmo Tu r.l.lilo to il.m. th.t vd ml b! r.d.{i6!d to Proff d L@ lr) .) n m thrt lvl b. r.&-lfcd b Prolt d Lq b) klm6 Tu J.l.&[ to ltomr 0[t wl b. r.drsillod to Poff q Lo$ Tot l Olh.t Cmprdsd[ hcdm (lJ* ot T.rl Tdl Omprds.hf IrM bt n F.lod I a 1 10 t .) Oimtr ot th. Comparry b) Ns- cqlfoFro ltoro.b Odr.r CdPfLilhr lffi lfdhfibh b a) OtrrFE of thr Company b) NF otrtrolrE hbrd ldl Cmpd|l.nrlv. llw dt.ibulrbL to .) OMr6 ol b. CofipaF, b) llqts c6lro*te hrGfr g.mlE D.r th.F {FFvrtu ot ?2l) !) 8dc b) Di4.d Pdd{.p Eqldty Sh.r. C.pltll ' F!c. Vd{r. ot I 2,\/- P.r shrr. ots Eqdty.rdJdig Rmtrtm Rw Nel Woltl FEadhg R.tdnod E8n*lo) O.bt Eqrf, tudo Ht S.rMd'ColrtrCr R.lio &ltscd S.ntc. coJdlf! Rrto Crert R.lio cfi.it utbaty RrEo Toi.l Ml! to Tobl Arsb T.rda Racchrna Tumo6\/ lwrnory ll,lm\/ Opd.tE tld0h (9() Nd Profi MlrlNo (%) LdC Tm Ocbl !o WdklD C.pbl grd Dobfr to Ac.ant R66lvrblo Rrlb' 7,073.3! 0.22 7.00 t7.5t 2.01 0.58 0.r3 r,3tt 3.E7 m.07% 10.17% 0.41 0.00 417.V2 33.m 1 89.3e 11.72) 606.3\u20ac 28.30 at.ti tt.lt 18.10 6,950.70 0.6 833 n.E7 2.ll 0.5t 0.r5 1.82 4.0t 25.7196 1E.t7% 0.40 0.00 E52.55 't 3.E2 18.t1 E.Oa 869.36 21,t6 12.11 12.11 r8.r0 5,1 15.92 0.r0 4.t0 t7.92 t,Et 0.80 0.0s 1.10 3.91 23.58!A t7.38X 0.2E 0.m v1.s7 16.4E a6 e3 1r.02 39r.90 21.n tt.l2 6.12 tE.t0 t,410.57 4E.8,1 1,175.71 50.16 7.\u20ac?3.35 0.22 7.?3 20.25 2.01 0.56 0.13 3.1t 7.C2 23.90* r0.32tt 0.at 0.00 2c6.17 3.32 1a0.!0 r40.t0 r6 t0 Power to Propel SoL\/\\\\Fl E Explan.tory Norcs to Unaudlted Consol'rdated Financlal R\u20ac3ults for the Quarter and Half Year ended S\u20acptember 30, 2026 1 The Unaudited Consolidated Flnancial Results for the quarter and half year ended September 30,2026 of SOLAR INDUSTRIES INDIA LIMITED (the \\\"Group\\\") have been reviewed and recommended by the Audit Commlttee and subsequently approved by the Eoard of Directors at their respective meetings held on November 03, 2026. The Statutory Audltors of the Group have carried out a limited revlew of the aforesaid results. 2 These resulB have been prepared in accordance with the lndian Accounting Standard (referred to as \\\"lnd AS\\\") prescribed under Section 133 of the Companies Act 2013 read with Companies (lndian Accounting Standards) Rules, 2015 as amended from time to time. 3 The Group has ldentified 'Explosives its accessories and related servlces', as its only reportable segment as deflned under lnd AS 108 - Operatlng Segments. Accordlngly, no separate segment information has been provided. 4 During the half year ended September lO, 2026, the Ultimate Holding Company has partlally redeemed 584 unsecured, rated, llsted, senior, redeemable, non- convertible debentures (NCDs) having face value of { 1,00,000\/- each amounting to I 5.83 crore and made an lnterest payment amountinS to { 0.36 crore at a coupon rate of 7.06% per annum. As on September 30, 2026, the aggregate amount of outstandin8 amount of NCD is { 5.83 crore. 5 During the quarter and half year ended September 30, 2026, the Ultimate Holding Company has fully repaid Commercial Paper amounting to I 75.00 crore, which was lssued ln favour of Kotak Mahlndra Bank Limlted. 6 The Group has applied lnd AS 29 - 'Accounting of Hyperinflationary economies' on its step-down subsidiarles in Turkey. ln preparin8 the consolldated financlal results for the quarter and half year ended on September 30,2026, the non-monetary assets, liabilities, owner's equity and stat\u20acment of profit and loss of the aforesald subsldiarles have been restated to the current measuring unit as on the r\u20acportinS date by applying consumer price index of the respective economy. The net lmpact of restatement in rerpect of the aforesaid subsldiaries under lnd AS 29 of { 18.37 crore and I 43.70 crore has been debited tq other expenses in the consolidated flnancial results for the quarter and half year ended September 30, 2026 and impact till March 31, 2026 of ( 22.27 crote has been credited in the openlng retained earnings as at April 01, 2026. 7 During the quarter ended September 30, 2026, Solar SA lnvestments Proprletary Limited (the 'Acquirer'), a wholty owned step-down subsidlary of the Company, and Solar Overseas Mauritius Limited, a wholly owned subsidiary of the Company, entered into definltlve transaction agreements with Omnia Holdlngs Llmited, South Africa, in connection with the proposed acquisition of Omnia for an aggregate cash consideration of approximately USD 1,35 bllllgn. Completion of the proposed acquisition ls subJect to receipt of applicable regulatory approvals and fulfilment of custornary conditions precedent. 8 Formulae for the computatlon of ratios are given in 'Annexure A'. 9 As per Regulatlon 46(2) ot the SEBI (Listing Oblitations & Disclosure Requirements) Regulations, 2015, Results are available on Company's website- www.solargroup,com. For Solar lndustrles lndls tlmhed Pl.cs I Nagpur Date: November 03, 2026 Power to Propel Manlsh Nusal ManrSlng Dlrectot & CEO DrN - 00164388 solar lndustries lndia Limited I Regd. Office: \\\"Solar\\\" House, 14 Kachimet, Amravati Road, Nagpur - 44OO23, Maharashtra, INDIA CIN : 174999MH1995P1CO85878 B solar@solargroup.com @ www.solargroup.com Pritlculsl! Ar rt 30.09.2026 Un!udlled Ar !t 31.03.2020 Auditod ASSETS A Non-cumnt aa3ct8 (a) Prdp\u20acrty, Plant and Equiprnent (b) Cspttal Workjn-Progress (c) Goodwlll (d) Olhor lntangibl\u20ac a6s6ts (e) lntangible asset3 under developmenl (f) Right-ot-useassels (g) FinhncielA3tots (i) lnvoslmonts (ii) Loans (lii) Olhor Financ'ral As8ots (h) lnveslrnents accounled using equity method (i) Delsrod Tax Asssts (n6t) 0) CunentTaxAs6ot6(nel) (k) other non-cufrenl assels Sub Total Non4ursnt Artot (A) B Curunt riaets (a) lnvontoriss (b) Financiel Assets (i) Trada Recaivables (il) cssh 8nd cash Equivalents (iii) Bank balances other than cash & cash equivalents (iv) Loan8 (v) Oth6r Flnanclal Ass\u20acis (c) Other Curent Arsetg Sub Totsl Curront Assob (Bl Totrl- A3!ot3 (A+Bl II EQUIW AND LIABILITIES A Equity (a) Equity Shara Capil,al (b) Otior Equity Equity rtirlbutrblo to shrroholdols (c) No;conlrollinglnterosi Sub Totrl Equlty (A) B Lhbllltle! (a) Finandel Liabilltles (i) Eonowings (ll) Less\u20ac Llabllltlss (b) Dofened Tax Liabilities (nel) (c) Othor non-s.lrent liabilit\u20acs (d) Provisions Sub Totll Non.Curront Llrbllltlor curreill utrottntoe (a) FinancielLlabilitle6 (i) Bono\\\\,vin0s (ii) Accoptsricrs (ili) Trado Payabl66 (iv) Leas\u20ac LlEbiljuos (v) Other Financial Liabillu\u20acg (b) cuq\u20acnt tax lhblliths (not) (c) Othsr Curent Liabilites (d) Provisions Sub Totll Cunont Ll!bllltle! and Proylslon! sub Totrl Liabiliilo3 (8) Totll Equity lnd Lllblllu.s (A+B) 4,O55.22 964.06 177.41 67.76 55.25 86.93 480.98 35.73 280.63 .15.43 184.39 50.82 801.69 3,715.77 691.84 't70.52 58.72 38.9S 61.22 145.69 35.37 ?66.20 37.00 185.79 31.55 442.38 7.0s3.305.88t.04 2,259.09 2,340.48 509.37 18.42 8.35 222.74 710.87 1,741.88 1,857.E8 469.44 114.70 3.59 137.55 712.46 6.069.!2 13,102.02 6,037.48 10.9t8.60 18.10 7,055.25 18.10 8,259.10 7.673.3t6,277,2O 312.91271.70 7.9E6.266,648.90 't,013.02 59.09 327.80 749.92 2.59 820.36 38.18 271.54 757.75 2.85 2.161.E21,920.71 691.63 385.99 931.32 23.92 215.71 57.19 862.92 55.E6 647.r18 285.23 631.74 18.00 131.41 21.55 073.67 39.81 3,024.lit 6,170.38 .ts.t82.82 2,W.85 +360.00 10.018.50 UNAUDITED CON|OLIDATED BALANCE SHEET A8 AT SEPTEMEER TO, 2O2O soLARS For Solrr lndurtrlo3 lndl! Llmlted Plrce: Nrgpur Orto: Novembcr 03, 2028 u\\\"\\\".liil'3?J\\\"\\\",li! \\\".o DIN - 0010\/fi!88 Solar lndustries India Limited I Regd. Office: \\\"Solar\\\" Housg 14 Kachimet Amravati Road, s solar@solargroup.com Nagpur - 44Oo23, MaharashtrA INDIA @ unrrniv.solargroup.com ctN:174999MH1995PLCO85878 s +9171266345671457A Power to Propel SoLAR 5' uNAuDtrED coNso[toarto stnteurtr oF cAsH Ft ows FoRTHT PERtoD cNDED SEPTEMB\u20acR 10, 2026 Noto : Tho above statsmenl of calh flow ha$ bson prspar\u20acd under lh\u20ac \\\"lndirscl Mslhod\\\" as Eot oul in lnd AS 7, \\\"Staiemont ol Cash Flows\\\" For solsr lndustrler lndl| umltod Phcr: l{rgpur Ort!: Novsmb\u20acr 03, 2026 Msnlsh Nowd Manatht Dhrctor & CEO orN - 0016438E Solar Industries lndia Limited I Regd. office: \\\"Solar\\\" House, 14 Kachimet Amravati Road, Nagpur - 44OO23, Maharashtra, INDIA CIN : 174999MH1995P1CO85878 e solar@solargroup.com @ www.solargroup.com s} +9171266345'67 14574 Prrtlcuh6 Halfyerr Gndrd s\u20acpt\u20acmber 30, 2026 Un.udltcd Hall yaar cndad S\u20acpbmbar 30, 2025 Unaudlt\u20acd Crsh flows lrom opcntlnt rctlvltl.s Profit before share of Proflt \/ (Loss) of !ssociatei (nct), Exceptional lt\u20acms end Tax Adjustments to rcconcllc profit b\u20acfor\u20ac tax to net cash flows: O\u20acpreciation andemortisation expense Net (gain) \/loss on disposal of property, plant and equipment Net (gain)\/loss on iinanciel ssst3 measurcd rt tair vrlue through proflt or lo$ Loss relating to HoldinS company's subsidiaries operating in hypcrintlationary economy Profit on sale ol {inancial asgcts carri.d at fair valu. through profit or loss Dividrnd and int\u20acrest lncomc Provlslon lor \/(reyers.l) of lnventory lmpairm?nt {galn)\/loss on Rnancial assot Finance costs Bad debts writt?n otf Provi3ion for sunqry Advances giv\u20acn {net) Effect of exchange ratr ch!nge Opsretlng profit before worklnt opltel change3 WorklnS clphal.dlustmrnts : (lncrease)\/oecreese ln trade recclvables (lncrease)\/O\u20accrease ln lnv\u20acntories lncr\u20acrs\/(Drcrcssc) in tndc pay!bles (lncrcascl \/Orcrea* ln othcr assets lncree$ \/(Dccrcasc) in other liabilitics Crsh lcnGratcd ftom opcrrtlons Llss : lncome laxrs paid Nat cash flowr from opcrltln! sctlvlllss Clsh flo$rs from lnvcstlnt acllvltlas Purchrs of property, plant and equipment, including capltal work in progress and capital advances Prceeds from sale of property, plent and equipment Lo.ns (givenl to\/ repaid by others-current\/non-curent Prceods from sale \/ (Purchase) ol non-curr?nt investments Proceeds from sale \/ (Purchasl of current inveetments (lnvestm\u20acnt)\/Redemption in fi xGd d\u20acposits Divldend and lnterest income rcceived Nct crsh fiorr uicd In lnyc3tlnl rctlvltlca Crsh fiours from fin.ncln8 lctlvltlcr Prcecds from non-current borrcwings Repaymant of non.current borrowlnts Proeeds from\/ (Repaymcnt) of current borrowings (net) Payment tow!rds Lear\u20ac Li8bilities Peyment ot lnter;st Plymrnt of Dividqnd to Non Controlling lnterest Paym.nt of Dlvid.nd t{ct crsh f,ows fiom\/lu3ed ln} fln.nclnt sctlvltl.j Erchan3c dllfcrencc arhlnt on conya'3lon dcbhcd to foraltn \u20acurrcncy trrn3latlon rG3cnle ilGt lott on rccount ol Holdln! Comprny's iubrldh.lGi opcrltlnt ln hyp.rlnfrrtlonlry .conomy t{\u20act lnc.crsr\/(d&rcJrcl ln crsh and carh Gqulvrlrnts Add:Cash and cesl equivElents at the beginning of the ycar r,r&.55 157.59 {0.82) 43.70 13.221 (10,52) 0.25 67.62 95.62 2.50 5.88 3.43 971.16 116.60 0.11 {o.8s) 36.50 (17.24) (23.41) (o.68) 6.97 58.32 o.70 0.17 t4.91 2,153.681,163.26 (s58.77) (s17.48) 408.30 (8s.7e) (47.12) (161.47) (383.68) (48.e2) (270.4s) 73.27 t,tsz,82371.95 444.54276.O9 908.2895.86 (887.81) 9.55 (s.20) (1.00) 3.22 0.20 7.90 (763.291 33.71 (1.ss) 429.06 6.8s 11.00 (r73,14112l&,.22 402.06 (164.s41 (s.871 (11.70) (e3.s1) (12.881 (e!r.52) 47.3L (200.62) 35.13 (7.37) (70.s7) (4.e0) (91,02) 14,04 12.18 1292.041 98.tt 12r.43)l1r.8t 39.93 469.M l396,sol 590.43 Crrh rnd crsh cqulvllonts st rnd ottha perlod509.3t193.llt Power to Propel 5oLAR 5= Anngxure A of rutlos Ere rs tollou,s: ' lntsr6gt expenses includes interesl on borrowing and other finance charges, including interest capitalised for th\u20ac period. Solar lndustries lndia Limited I Regd. Office: \\\"Solar\\\" House, 14 Kachimet, Amravati Road, Nagpur - 44OO23, Maharashtra, INDIA CIN : 174999MH1995P1CO85878 e solar@solargroup.com @ www.solargroup.com s +91712663456714s7A Sr.RrtlosFormulac alDebt Servlce CoveraBe RatioEarninqs before lnterest', Tax and Exceotional ltems+Depreclatlon and Amortitation exoenses lnterest Expense' + Principal Repayments made during the petiod for long term loans b)lnterest Service coverate RatloEarnlnrs before lnterest*. Tax and Exceotional ltems+Depleciation and Amortlsation exoense lnterest Expensest c)Dobt Equity RatloTotal Debt Total Equity d)Current RatioCurrent Assets Current Liabllities e)Long \"},{\"title\":\"Outcome of Board Meeting\",\"summary\":\"Solar Industries India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.\",\"source\":\"NSE\",\"published\":\"03-Nov-2026 14:08:59\",\"source_type\":\"official filing\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/SOLARINDS_03112026140845_OutcomeBM.pdf\",\"disclosure_text\":\"November 03, 2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex Floor no.25, PJ Towers Bandra (E) Dalal Street Mumbai - 400 051 Mumbai \u2013 400 001 Trading Symbol: \u201cSOLARINDS\u201d Scrip Code: 532725 Through NEAPS Through BSE Listing Center Subject: Outcome of the Board Meeting dated November 03, 2026. Dear Sir\/Madam, With reference to the captioned subject and pursuant to the Regulation 30, Regulation 33 and 52 read with para A of part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) 2015, (as amended from time to time), we hereby inform the Exchange that the Board of Directors of the Company at their meeting held on Tuesday, November 03, 2026 at 12:45 p.m. at \\\"Solar\\\" House, 14, Kachimet, Amravati Road, Nagpur - 440023 has inter alia considered and approved the following:- 1. The Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026 along with Limited Review Report. 2. Based on the Audit Committee\u2019s recommendation, the Board of Directors, at its meeting held on November 03, 2026, has approved the appointment of M\/s Price Waterhouse Chartered Accountants LLP, Chartered Accountants (ICAI Firm Registration No. 012754N\/N500016), in place of the retiring Statutory Auditor, M\/s SRBC & Co. LLP, Chartered Accountants (ICAI Firm Registration No:. 324982E\/E300003) and the re-appointment of M\/s Gandhi Rathi & Co., Chartered Accountants (Firm Registration No. 103031W), as joint Statutory Auditors of the Company for a five-year term, from the conclusion of the 32 nd Annual General Meeting (AGM), to be held in 2027, until the conclusion of the 37th AGM, to be held in 2032 subject to Shareholders\u2019 approval. The meeting of the Board Directors of the Company commenced at 12:45 p.m. and concluded at 01:30 p.m. This is for your information and records. Kindly acknowledge receipt of the same. Yours truly, For Solar Industries India Limited Khushboo Pasari Company Secretary & Compliance Officer November 03, 2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex Floor no.25, PJ Towers Bandra (E) Dalal Street Mumbai - 400 051 Mumbai \u2013 400 001 Trading Symbol: \u201cSOLARINDS\u201d Scrip Code: 532725 Through NEAPS Through BSE Listing Center Sub: Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended on September 30, 2026. Dear Sir\/Madam, In continuation of our letter dated October 27, 2026 and pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended on September 30, 2026 duly approved by the Board of Directors of the Company at their meeting held on Tuesday, November 03, 2026 at Registered Office of the Company situated at \u201cSolar\u201d House, 14, Kachimet, Amravati Road, Nagpur - 440 023. The meeting of the Board of Directors of the Company commenced at 12:45 p.m. and concluded at 01:30 p.m. We have also enclosed a copy of the Limited Review Report of the Statutory Auditors on the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended on September 30, 2026. This is for your information and records. Kindly acknowledge receipt of the same. Yours truly, For Solar Industries India Limited Khushboo Pasari Company Secretary & Compliance Officer 50L\/\\\\R5 StAlEtlftt OF UI{AUD|IEO CONEOUDAIEO Fll{AllCUL REEULIS FOR TllE OU RTER AND llAlF Yl^R EI{DID aEPTEtrtBlR lO,2024. PartculaB .) b) Rctwc tom Opdtdm OMh6m. 3,3r8.e2 15.37 3,668.20 a3) 2,O822 20.t8 7,t6?.12 23.C9 1,23667 5t.{,1 0,83?.74 r27.08 .) b) c) d) ., 0 !) Cod ol Mrtldlli cruld h idlmdcl ol Ftirh.d Good!, Wort-lrProor.s rnd Sioct.!FT.!& Enplofoo B?n.fib \u20acrp.M Fimm C6b rnd Amorli4libn crp.m t6{x.73 177.55 (r06. m.21 t5.36 E7.95 6t0.fl t7E6.76 roa.80 255.E0 41.20 7E.f1 540.23 e3c.r0 1Z2.tl tta.70 30,E9 60.62 31E.95 3.39t.49 282.35 52 t.El 96.E2 187.69 t,r 11.00 I,t5t.1! 24.61 (65.4r 370.{9 5E.32 r t6.60 83e.6t 36E.6E (177 tl,l.9E 133.07 260.87 .23 Totll2ttar52tr7131t,t20.xr,.:to.at332t.0tr,too.z ' Not affpsbad ld ttE auaabr for Sohr hdqtri.. tdL LhrlH Pl6 | tLgpnt lLl-r ildmLr 01, lzt ildl.t l{urvd Hu.{lng Dlr*$r e CEO oN - 00tc4slE Solar lndustries lndia Limited E Regd. Office: \\\"Solar\\\" Housg 14 Kachimet, Amravati Road, Nagpur - 44OO23, Maharashtra, INDIA CIN : 174999MH1995P1CO85878 e solar@solargroup.com @ www.solargroup.com s} +917126634567 1457A Y{r.rd.d Hrf y..r.idad Quru f,tdrd rff-t26sr-0t.202c sfi.msfi5ts0.0r20rtto,0tt02r UilodiH Unfldii.dt mrdit dUmudHArdlbd t Mudibd t2lrttlat{tttsl ttl a70,.E 87t.la (0.E8) 070rt 213.70 0.2\u20ac 12.25 2$6.2. z,3ra.l5 0.27 4*8,22 606.05 0.03 r6.85 t7\/ral tn,u (0,36) aff.at 225.21 3.70 (.57) tol.7l E.75 0lt.{t ltt.lt 23:'.55 I 1.5,1 12..36 021 5.{5 iatt.62 1$.{ (0.0{) a!t.32 458.76 3.70 0.e7 I,tl0.tt EJO r,TtaJl t,7tt.lt t.tSara al0,0aaat.ttt6t.4t'r,t.ta.fif11.0f 320.25 (E.n) (72.?3) 0.23 13.13 (t.t4 r07.00 (r.$l 3,t.63 (5.821 279.10 o.21' 126.25 (10.2C) (99.?3) 2.38 27.00 (2.r51 13.r3 (t.14 1t.tt e.nl I tt.ttlol.00 il,a.a42att.'.et20t.49 41c.61aa'tt)tet.oant?.u rJ.a.ttaalz. 5,1t5.e2 0.r6 ,t.?3 r6.35 t.!E 0.Eo 0.09 3.0:t t.52 z2.t0x r8.85% 0.2rt 0.00 063.67 30.40 63.t3 2C2a 769.40 5E.04 7t.lt ft,rt '16.10 t3n.65 58.08 1.903.57 134.07 'll1.!i lt.3e 18.10 6\\\"250.t0 6,277.N 0.23 5.15 20.10 2.06 0.t6 0.r3 5.06 17.00 21.107r 't7.65% 0.{0 0.00 ?&.oil 7{.9E I a I g 7 t t l1 1Z tt P.offl bdoF 6Mn ot Profft, (ldrl ol -rcLt . (il|}, Eropllqrl il.m rd Tu (1 - 2l lsh.r. ot Profi \/ llo!) ot reoialoB (ml) Profit ffin Erapiiill ibD rd ld (! + 4l ErcgplbNlliaft Poft HoF Td (6 + al Td E e.io 6) Cwd T.r b) Adit!&nst ot br.oLlir! to .dLr pdiod c) O.t trcdlrr l{.4 Pro{t lbr tr pdod ( t . t I Olh.r Cdpfrtf.iv. hm O 6) lt m.0[t$ilnolb..6cl.sI!6d toProfit d Loc b) lMmo Tu r.l.lilo to il.m. th.t vd ml b! r.d.{i6!d to Proff d L@ lr) .) n m thrt lvl b. r.&-lfcd b Prolt d Lq b) klm6 Tu J.l.&[ to ltomr 0[t wl b. r.drsillod to Poff q Lo$ Tot l Olh.t Cmprdsd[ hcdm (lJ* ot T.rl Tdl Omprds.hf IrM bt n F.lod I a 1 10 t .) Oimtr ot th. Comparry b) Ns- cqlfoFro ltoro.b Odr.r CdPfLilhr lffi lfdhfibh b a) OtrrFE of thr Company b) NF otrtrolrE hbrd ldl Cmpd|l.nrlv. llw dt.ibulrbL to .) OMr6 ol b. CofipaF, b) llqts c6lro*te hrGfr g.mlE D.r th.F {FFvrtu ot ?2l) !) 8dc b) Di4.d Pdd{.p Eqldty Sh.r. C.pltll ' F!c. Vd{r. ot I 2,\/- P.r shrr. ots Eqdty.rdJdig Rmtrtm Rw Nel Woltl FEadhg R.tdnod E8n*lo) O.bt Eqrf, tudo Ht S.rMd'ColrtrCr R.lio &ltscd S.ntc. coJdlf! Rrto Crert R.lio cfi.it utbaty RrEo Toi.l Ml! to Tobl Arsb T.rda Racchrna Tumo6\/ lwrnory ll,lm\/ Opd.tE tld0h (9() Nd Profi MlrlNo (%) LdC Tm Ocbl !o WdklD C.pbl grd Dobfr to Ac.ant R66lvrblo Rrlb' 7,073.3! 0.22 7.00 t7.5t 2.01 0.58 0.r3 r,3tt 3.E7 m.07% 10.17% 0.41 0.00 417.V2 33.m 1 89.3e 11.72) 606.3\u20ac 28.30 at.ti tt.lt 18.10 6,950.70 0.6 833 n.E7 2.ll 0.5t 0.r5 1.82 4.0t 25.7196 1E.t7% 0.40 0.00 E52.55 't 3.E2 18.t1 E.Oa 869.36 21,t6 12.11 12.11 r8.r0 5,1 15.92 0.r0 4.t0 t7.92 t,Et 0.80 0.0s 1.10 3.91 23.58!A t7.38X 0.2E 0.m v1.s7 16.4E a6 e3 1r.02 39r.90 21.n tt.l2 6.12 tE.t0 t,410.57 4E.8,1 1,175.71 50.16 7.\u20ac?3.35 0.22 7.?3 20.25 2.01 0.56 0.13 3.1t 7.C2 23.90* r0.32tt 0.at 0.00 2c6.17 3.32 1a0.!0 r40.t0 r6 t0 Power to Propel SoL\/\\\\Fl E Explan.tory Norcs to Unaudlted Consol'rdated Financlal R\u20ac3ults for the Quarter and Half Year ended S\u20acptember 30, 2026 1 The Unaudited Consolidated Flnancial Results for the quarter and half year ended September 30,2026 of SOLAR INDUSTRIES INDIA LIMITED (the \\\"Group\\\") have been reviewed and recommended by the Audit Commlttee and subsequently approved by the Eoard of Directors at their respective meetings held on November 03, 2026. The Statutory Audltors of the Group have carried out a limited revlew of the aforesaid results. 2 These resulB have been prepared in accordance with the lndian Accounting Standard (referred to as \\\"lnd AS\\\") prescribed under Section 133 of the Companies Act 2013 read with Companies (lndian Accounting Standards) Rules, 2015 as amended from time to time. 3 The Group has ldentified 'Explosives its accessories and related servlces', as its only reportable segment as deflned under lnd AS 108 - Operatlng Segments. Accordlngly, no separate segment information has been provided. 4 During the half year ended September lO, 2026, the Ultimate Holding Company has partlally redeemed 584 unsecured, rated, llsted, senior, redeemable, non- convertible debentures (NCDs) having face value of { 1,00,000\/- each amounting to I 5.83 crore and made an lnterest payment amountinS to { 0.36 crore at a coupon rate of 7.06% per annum. As on September 30, 2026, the aggregate amount of outstandin8 amount of NCD is { 5.83 crore. 5 During the quarter and half year ended September 30, 2026, the Ultimate Holding Company has fully repaid Commercial Paper amounting to I 75.00 crore, which was lssued ln favour of Kotak Mahlndra Bank Limlted. 6 The Group has applied lnd AS 29 - 'Accounting of Hyperinflationary economies' on its step-down subsidiarles in Turkey. ln preparin8 the consolldated financlal results for the quarter and half year ended on September 30,2026, the non-monetary assets, liabilities, owner's equity and stat\u20acment of profit and loss of the aforesald subsldiarles have been restated to the current measuring unit as on the r\u20acportinS date by applying consumer price index of the respective economy. The net lmpact of restatement in rerpect of the aforesaid subsldiaries under lnd AS 29 of { 18.37 crore and I 43.70 crore has been debited tq other expenses in the consolidated flnancial results for the quarter and half year ended September 30, 2026 and impact till March 31, 2026 of ( 22.27 crote has been credited in the openlng retained earnings as at April 01, 2026. 7 During the quarter ended September 30, 2026, Solar SA lnvestments Proprletary Limited (the 'Acquirer'), a wholty owned step-down subsidlary of the Company, and Solar Overseas Mauritius Limited, a wholly owned subsidiary of the Company, entered into definltlve transaction agreements with Omnia Holdlngs Llmited, South Africa, in connection with the proposed acquisition of Omnia for an aggregate cash consideration of approximately USD 1,35 bllllgn. Completion of the proposed acquisition ls subJect to receipt of applicable regulatory approvals and fulfilment of custornary conditions precedent. 8 Formulae for the computatlon of ratios are given in 'Annexure A'. 9 As per Regulatlon 46(2) ot the SEBI (Listing Oblitations & Disclosure Requirements) Regulations, 2015, Results are available on Company's website- www.solargroup,com. For Solar lndustrles lndls tlmhed Pl.cs I Nagpur Date: November 03, 2026 Power to Propel Manlsh Nusal ManrSlng Dlrectot & CEO DrN - 00164388 solar lndustries lndia Limited I Regd. Office: \\\"Solar\\\" House, 14 Kachimet, Amravati Road, Nagpur - 44OO23, Maharashtra, INDIA CIN : 174999MH1995P1CO85878 B solar@solargroup.com @ www.solargroup.com Pritlculsl! Ar rt 30.09.2026 Un!udlled Ar !t 31.03.2020 Auditod ASSETS A Non-cumnt aa3ct8 (a) Prdp\u20acrty, Plant and Equiprnent (b) Cspttal Workjn-Progress (c) Goodwlll (d) Olhor lntangibl\u20ac a6s6ts (e) lntangible asset3 under developmenl (f) Right-ot-useassels (g) FinhncielA3tots (i) lnvoslmonts (ii) Loans (lii) Olhor Financ'ral As8ots (h) lnveslrnents accounled using equity method (i) Delsrod Tax Asssts (n6t) 0) CunentTaxAs6ot6(nel) (k) other non-cufrenl assels Sub Total Non4ursnt Artot (A) B Curunt riaets (a) lnvontoriss (b) Financiel Assets (i) Trada Recaivables (il) cssh 8nd cash Equivalents (iii) Bank balances other than cash & cash equivalents (iv) Loan8 (v) Oth6r Flnanclal Ass\u20acis (c) Other Curent Arsetg Sub Totsl Curront Assob (Bl Totrl- A3!ot3 (A+Bl II EQUIW AND LIABILITIES A Equity (a) Equity Shara Capil,al (b) Otior Equity Equity rtirlbutrblo to shrroholdols (c) No;conlrollinglnterosi Sub Totrl Equlty (A) B Lhbllltle! (a) Finandel Liabilltles (i) Eonowings (ll) Less\u20ac Llabllltlss (b) Dofened Tax Liabilities (nel) (c) Othor non-s.lrent liabilit\u20acs (d) Provisions Sub Totll Non.Curront Llrbllltlor curreill utrottntoe (a) FinancielLlabilitle6 (i) Bono\\\\,vin0s (ii) Accoptsricrs (ili) Trado Payabl66 (iv) Leas\u20ac LlEbiljuos (v) Other Financial Liabillu\u20acg (b) cuq\u20acnt tax lhblliths (not) (c) Othsr Curent Liabilites (d) Provisions Sub Totll Cunont Ll!bllltle! and Proylslon! sub Totrl Liabiliilo3 (8) Totll Equity lnd Lllblllu.s (A+B) 4,O55.22 964.06 177.41 67.76 55.25 86.93 480.98 35.73 280.63 .15.43 184.39 50.82 801.69 3,715.77 691.84 't70.52 58.72 38.9S 61.22 145.69 35.37 ?66.20 37.00 185.79 31.55 442.38 7.0s3.305.88t.04 2,259.09 2,340.48 509.37 18.42 8.35 222.74 710.87 1,741.88 1,857.E8 469.44 114.70 3.59 137.55 712.46 6.069.!2 13,102.02 6,037.48 10.9t8.60 18.10 7,055.25 18.10 8,259.10 7.673.3t6,277,2O 312.91271.70 7.9E6.266,648.90 't,013.02 59.09 327.80 749.92 2.59 820.36 38.18 271.54 757.75 2.85 2.161.E21,920.71 691.63 385.99 931.32 23.92 215.71 57.19 862.92 55.E6 647.r18 285.23 631.74 18.00 131.41 21.55 073.67 39.81 3,024.lit 6,170.38 .ts.t82.82 2,W.85 +360.00 10.018.50 UNAUDITED CON|OLIDATED BALANCE SHEET A8 AT SEPTEMEER TO, 2O2O soLARS For Solrr lndurtrlo3 lndl! Llmlted Plrce: Nrgpur Orto: Novembcr 03, 2028 u\\\"\\\".liil'3?J\\\"\\\",li! \\\".o DIN - 0010\/fi!88 Solar lndustries India Limited I Regd. Office: \\\"Solar\\\" Housg 14 Kachimet Amravati Road, s solar@solargroup.com Nagpur - 44Oo23, MaharashtrA INDIA @ unrrniv.solargroup.com ctN:174999MH1995PLCO85878 s +9171266345671457A Power to Propel SoLAR 5' uNAuDtrED coNso[toarto stnteurtr oF cAsH Ft ows FoRTHT PERtoD cNDED SEPTEMB\u20acR 10, 2026 Noto : Tho above statsmenl of calh flow ha$ bson prspar\u20acd under lh\u20ac \\\"lndirscl Mslhod\\\" as Eot oul in lnd AS 7, \\\"Staiemont ol Cash Flows\\\" For solsr lndustrler lndl| umltod Phcr: l{rgpur Ort!: Novsmb\u20acr 03, 2026 Msnlsh Nowd Manatht Dhrctor & CEO orN - 0016438E Solar Industries lndia Limited I Regd. office: \\\"Solar\\\" House, 14 Kachimet Amravati Road, Nagpur - 44OO23, Maharashtra, INDIA CIN : 174999MH1995P1CO85878 e solar@solargroup.com @ www.solargroup.com s} +9171266345'67 14574 Prrtlcuh6 Halfyerr Gndrd s\u20acpt\u20acmber 30, 2026 Un.udltcd Hall yaar cndad S\u20acpbmbar 30, 2025 Unaudlt\u20acd Crsh flows lrom opcntlnt rctlvltl.s Profit before share of Proflt \/ (Loss) of !ssociatei (nct), Exceptional lt\u20acms end Tax Adjustments to rcconcllc profit b\u20acfor\u20ac tax to net cash flows: O\u20acpreciation andemortisation expense Net (gain) \/loss on disposal of property, plant and equipment Net (gain)\/loss on iinanciel ssst3 measurcd rt tair vrlue through proflt or lo$ Loss relating to HoldinS company's subsidiaries operating in hypcrintlationary economy Profit on sale ol {inancial asgcts carri.d at fair valu. through profit or loss Dividrnd and int\u20acrest lncomc Provlslon lor \/(reyers.l) of lnventory lmpairm?nt {galn)\/loss on Rnancial assot Finance costs Bad debts writt?n otf Provi3ion for sunqry Advances giv\u20acn {net) Effect of exchange ratr ch!nge Opsretlng profit before worklnt opltel change3 WorklnS clphal.dlustmrnts : (lncrease)\/oecreese ln trade recclvables (lncrease)\/O\u20accrease ln lnv\u20acntories lncr\u20acrs\/(Drcrcssc) in tndc pay!bles (lncrcascl \/Orcrea* ln othcr assets lncree$ \/(Dccrcasc) in other liabilitics Crsh lcnGratcd ftom opcrrtlons Llss : lncome laxrs paid Nat cash flowr from opcrltln! sctlvlllss Clsh flo$rs from lnvcstlnt acllvltlas Purchrs of property, plant and equipment, including capltal work in progress and capital advances Prceeds from sale of property, plent and equipment Lo.ns (givenl to\/ repaid by others-current\/non-curent Prceods from sale \/ (Purchase) ol non-curr?nt investments Proceeds from sale \/ (Purchasl of current inveetments (lnvestm\u20acnt)\/Redemption in fi xGd d\u20acposits Divldend and lnterest income rcceived Nct crsh fiorr uicd In lnyc3tlnl rctlvltlca Crsh fiours from fin.ncln8 lctlvltlcr Prcecds from non-current borrcwings Repaymant of non.current borrowlnts Proeeds from\/ (Repaymcnt) of current borrowings (net) Payment tow!rds Lear\u20ac Li8bilities Peyment ot lnter;st Plymrnt of Dividqnd to Non Controlling lnterest Paym.nt of Dlvid.nd t{ct crsh f,ows fiom\/lu3ed ln} fln.nclnt sctlvltl.j Erchan3c dllfcrencc arhlnt on conya'3lon dcbhcd to foraltn \u20acurrcncy trrn3latlon rG3cnle ilGt lott on rccount ol Holdln! Comprny's iubrldh.lGi opcrltlnt ln hyp.rlnfrrtlonlry .conomy t{\u20act lnc.crsr\/(d&rcJrcl ln crsh and carh Gqulvrlrnts Add:Cash and cesl equivElents at the beginning of the ycar r,r&.55 157.59 {0.82) 43.70 13.221 (10,52) 0.25 67.62 95.62 2.50 5.88 3.43 971.16 116.60 0.11 {o.8s) 36.50 (17.24) (23.41) (o.68) 6.97 58.32 o.70 0.17 t4.91 2,153.681,163.26 (s58.77) (s17.48) 408.30 (8s.7e) (47.12) (161.47) (383.68) (48.e2) (270.4s) 73.27 t,tsz,82371.95 444.54276.O9 908.2895.86 (887.81) 9.55 (s.20) (1.00) 3.22 0.20 7.90 (763.291 33.71 (1.ss) 429.06 6.8s 11.00 (r73,14112l&,.22 402.06 (164.s41 (s.871 (11.70) (e3.s1) (12.881 (e!r.52) 47.3L (200.62) 35.13 (7.37) (70.s7) (4.e0) (91,02) 14,04 12.18 1292.041 98.tt 12r.43)l1r.8t 39.93 469.M l396,sol 590.43 Crrh rnd crsh cqulvllonts st rnd ottha perlod509.3t193.llt Power to Propel 5oLAR 5= Anngxure A of rutlos Ere rs tollou,s: ' lntsr6gt expenses includes interesl on borrowing and other finance charges, including interest capitalised for th\u20ac period. Solar lndustries lndia Limited I Regd. Office: \\\"Solar\\\" House, 14 Kachimet, Amravati Road, Nagpur - 44OO23, Maharashtra, INDIA CIN : 174999MH1995P1CO85878 e solar@solargroup.com @ www.solargroup.com s +91712663456714s7A Sr.RrtlosFormulac alDebt Servlce CoveraBe RatioEarninqs before lnterest', Tax and Exceotional ltems+Depreclatlon and Amortitation exoenses lnterest Expense' + Principal Repayments made during the petiod for long term loans b)lnterest Service coverate RatloEarnlnrs before lnterest*. Tax and Exceotional ltems+Depleciation and Amortlsation exoense lnterest Expensest c)Dobt Equity RatloTotal Debt Total Equity d)Current RatioCurrent Assets Current Liabllities e)Long \"}],\"recent_news\":[{\"summary\":\"a press release dated November 03, 2026, titled \\\"Updates on Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter and half year ended on September 30, 2026.\\\".\",\"category\":\"Press Release\",\"date\":\"03-Nov-2026 14:29:43\",\"source\":\"NSE filing\",\"industry\":\"Chemicals - Speciality\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/SOLARINDS_03112026142931_Press_Release_sdcs.pdf\",\"headline\":\"Earnings \/ operating update\",\"impact\":\"Earnings updates are directly relevant to valuation. Revenue growth, margins, profit growth and management guidance are the key items to compare with expectations.\",\"importance_score\":5,\"completeness_score\":3},{\"summary\":\"Solar Industries India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.\",\"category\":\"Outcome of Board Meeting\",\"date\":\"03-Nov-2026 14:08:59\",\"source\":\"NSE filing\",\"industry\":\"Chemicals - Speciality\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/SOLARINDS_03112026140845_OutcomeBM.pdf\",\"headline\":\"Earnings \/ operating update\",\"impact\":\"Earnings updates are directly relevant to valuation. Revenue growth, margins, profit growth and management guidance are the key items to compare with expectations.\",\"importance_score\":5,\"completeness_score\":4},{\"summary\":\"a press release dated September 14, 2026, titled \\\"Press release on proposed acquisition of Omnia Holdings Limited by Solar SA Investments Proprietary Limited\\\".\",\"category\":\"Press Release\",\"date\":\"14-Sep-2026 12:23:14\",\"source\":\"NSE filing\",\"industry\":\"Chemicals - Speciality\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/SOLARINDS_14092026122254_signed_pressrelease.pdf\",\"headline\":\"Investment \/ acquisition update\",\"impact\":\"The transaction can affect growth strategy, capital allocation or market access. Investors should consider the size of the investment, ownership acquired and expected returns.\",\"importance_score\":4,\"completeness_score\":4},{\"summary\":\"The exchange sought clarification from the company regarding a recent media report. Such a request is a verification step and does not by itself confirm the reported issue.\",\"category\":\"News Verification\",\"date\":\"03-Sep-2026 14:35:58\",\"source\":\"NSE filing\",\"industry\":\"Chemicals - Speciality\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/SOLARINDS_03092026143546_Clarification_NSE.pdf\",\"headline\":\"Exchange clarification on media report\",\"impact\":\"This can influence near-term sentiment while investors wait for the company's response, but it becomes materially important only if the company confirms a financial or operational impact.\",\"importance_score\":4,\"completeness_score\":3}],\"insider_activity\":[{\"person\":\"Smt. Indira Kailashchandra Nuwal\",\"category\":\"Promoters\",\"type\":\"Sell\",\"quantity\":\"5568230\",\"post_holding\":\"Nil\",\"date\":\"09-Mar-2026\",\"mode\":\"Gift\",\"source\":\"NSE PIT disclosure\"},{\"person\":\"Shri Kailash Chandra Nuwal\",\"category\":\"Promoters\",\"type\":\"Sell\",\"quantity\":\"20882963\",\"post_holding\":\"Nil\",\"date\":\"09-Mar-2026\",\"mode\":\"Gift\",\"source\":\"NSE PIT disclosure\"},{\"person\":\"Sohan Devi Nand Lal Nuwal Family Trust\",\"category\":\"Promoters\",\"type\":\"Buy\",\"quantity\":\"26451193\",\"post_holding\":\"26451193\",\"date\":\"09-Mar-2026\",\"mode\":\"Gift\",\"source\":\"NSE PIT disclosure\"},{\"person\":\"Smt. 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