JET SOLAR LIMITED — Half Year and Financial Year ended March 31, 2026
| Sr.No | Particulars | 6 months ended (31/03/2026) (Audited) | Preceding 6 months ended (30/09/2025) (Unaudited) | 6 months ended (31/03/2025) (Audited) | For the year ended (31/03/2026) (Audited) | For the year ended (31/03/2025) (Audited) |
|---|---|---|---|---|---|---|
| I | Revenue From Operations | 20.00 | 34.50 | -12.55 | 54.50 | 54.41 |
| II | Other Income | 122.42 | 31.95 | 66.12 | 154.36 | 76.09 |
| III | Total Income (I+II) | 142.42 | 66.45 | 53.57 | 208.86 | 130.50 |
| IV | Expenses | |||||
| Cost of Materials Consumed | 0.00 | 0.00 | 2.50 | 0.00 | 2.50 | |
| Purchase of Stock in Trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Change in Inventories of Finished goods, Stock in Trade and Work in Progress | -6.73 | 45.04 | 28.76 | 38.30 | 37.33 | |
| Employee benefits expense | 14.61 | 14.45 | 14.60 | 29.07 | 31.60 | |
| Finance Costs | 0.05 | 0.05 | 4.96 | 0.10 | 5.12 | |
| Depreciation and Amortisation Expense | 0.04 | 0.28 | 0.30 | 0.32 | 0.61 | |
| Other Expenses | 132.11 | 4.03 | 24.55 | 136.14 | 47.76 | |
| Total Expenses (IV) | 140.07 | 63.86 | 75.67 | 203.93 | 124.92 | |
| V | Profit/(Loss) before Exceptional Items and Tax (III-IV) | 2.34 | 2.59 | -22.10 | 4.93 | 5.58 |
| VI | Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| VII | Profit/(Loss) before Tax (V-VI) | 2.34 | 2.59 | -22.10 | 4.93 | 5.58 |
| VIII | Tax Expense | |||||
| (1) Current Tax | 0.72 | 0.65 | -5.66 | 1.37 | 1.55 | |
| (2) Deferred Tax | 0.04 | 0.01 | 0.00 | 0.05 | -0.01 | |
| (3) Prior Period | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| IX | Profit/(Loss) for the period from continuing operations (VII-VIII) | 1.59 | 1.93 | -16.44 | 3.52 | 4.04 |
| X | Profit/(Loss) for the period from discontinued operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| XI | Tax expenses of discontinued operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sr.No | Particulars | 6 months ended (31/03/2026) (Audited) | Preceding 6 months ended (30/09/2025) (Unaudited) | 6 months ended (31/03/2025) (Audited) | For the year ended (31/03/2026) (Audited) | For the year ended (31/03/2025) (Audited) |
|---|---|---|---|---|---|---|
| XII | Profit/(Loss) from discontinued items (after Tax) (X-XI) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| XIII | Profit/(Loss) for the period (IX+XII) | 1.59 | 1.93 | -16.44 | 3.52 | 4.04 |
| XIV | Other Comprehensive Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| XV | Total Comprehensive Income for the period (XIII+XIV) (Comprising Profit(Loss) and Other Comprehensive Income for the period) | 1.59 | 1.93 | -16.44 | 3.52 | 4.04 |
| XVI | Paid Up Equity Share Capital (Face Value per Share Rs. 10) | 1187.60 | 1187.60 | 1005.20 | 1187.60 | 1005.20 |
| XVII | Reserve excluding Revaluation Reserve as per Balance sheet of Previous accounting year | 889.68 | 888.10 | 685.51 | 889.68 | 685.51 |
| XVIII | Earning Per Share (for continuing operation) (Basic & Diluted) | 0.01 | 0.02 | -0.16 | 0.03 | 0.04 |
| XIX | Earning Per Share (for discontinued operation): (Basic & Diluted) | 0.00 | 0.00 | – | 0.00 | 0.00 |
| XX | Earning Per Share (for discontinued & continuing operations): (Basic & Diluted) | 0.01 | 0.02 | -0.16 | 0.03 | 0.04 |
| Particulars | As at 31/03/2026 | As at 31/03/2025 |
|---|---|---|
| I. EQUITY AND LIABILITIES | ||
| (1) Shareholders’ Funds | ||
| (a) Share Capital | 1,187.60 | 1,005.20 |
| (b) Reserves and surplus | 889.68 | 685.52 |
| (c) Money received against share warrants | – | 95.76 |
| Share application money pending allotment | ||
| Total Shareholders’ Funds | 2,077.28 | 1,786.48 |
| (2) Non-Current Liabilities | ||
| (a) Long-term borrowings | – | – |
| (b) Deferred tax liabilities (Net) | – | – |
| (c) Other Long-term liabilities | – | – |
| (b) Long-term provisions | – | – |
| (3) Current Liabilities | ||
| (a) Short-term borrowings | 30.27 | 42.75 |
| (b) Trade payables | ||
| – Total O/s Due to MSME | 2.06 | 2.01 |
| – Total O/s Due to Others | 6.30 | 6.49 |
| (c) Other current liabilities | 100.47 | 428.66 |
| (d) Short-term provisions | – | – |
| Total Current Liabilities | 139.10 | 479.92 |
| Total Equity and Liabilities | 2,216.38 | 2,266.40 |
| II. ASSETS | ||
| (1) Non-Current Assets | ||
| (a) Property, Plant and Equipment | ||
| (i) Tangible assets | 0.18 | 7.49 |
| (ii) Intangible assets | – | – |
| (iii) Capital work-in-progress | – | – |
| (iv) Intangible assets under development | – | – |
| (b) Non-current investments | – | – |
| (c) Deferred tax assets (net) | 1.76 | 1.80 |
| (d) Long-term loans and advances | – | – |
| (e) Other non-current assets | 1.74 | 1.74 |
| Total Non-Current Assets | 3.68 | 11.03 |
| (2) Current Assets | ||
| (a) Current investments | 1,044.00 | 1,044.00 |
| (b) Inventories | 141.44 | 179.74 |
| (c) Trade receivables | 54.45 | 52.46 |
| (d) Cash and cash equivalents | 36.50 | 4.79 |
| (e) Short-term loans and advances | 911.84 | 953.43 |
| (f) Other current assets | 24.47 | 20.94 |
| Total Current Assets | 2,212.70 | 2,255.37 |
| Total Assets | 2,216.38 | 2,266.40 |
| Particulars | Year ended March 31, 2026 | Year ended March 31, 2025 |
|---|---|---|
| A. CASH FLOW FROM OPERATING ACTIVITIES | ||
| Profit before Tax | 4.93 | 5.59 |
| Adjustments for: | ||
| Depreciation and amortisation expenses | 0.32 | 0.61 |
| Net (profit) on sale of Property, Plant and Equipment | ||
| Finance costs | 4.71 | |
| Gain on sales of assets | (95.67) | |
| Provision for doubtful debts (written back) / written off | ||
| Deferred Tax Expenses | ||
| Interest Received | (58.69) | (75.80) |
| Liabilities no longer required written back | ||
| Unrealised foreign exchange gain | ||
| Operating profit before working capital changes | (149.11) | (64.89) |
| Adjustments for changes in working capital: | ||
| Increase / (decrease) in trade payables | (0.15) | (1.78) |
| Increase / (decrease) in long term provisions | ||
| (Increase)/Decrease in Inventories | 38.30 | 37.33 |
| Increase / (decrease) in other current liabilities | (328.18) | 326.47 |
| increase / (decrease) in other long-term liabilities | ||
| (Increase)/Decrease in Trade Receivables & Other Current Assets | (5.53) | 13.14 |
| Increase/(Decrease) in current borrowings | (12.48) | (1.63) |
| (Increase) / decrease in short term loans and advances | 41.59 | (553.22) |
| (Increase) / decrease in other bank balances | ||
| Cash generated from / (used in) operations | (415.56) | (244.58) |
| Deferred Tax | ||
| Direct Taxes (paid) / refund (net) | (1.37) | (1.56) |
| Tax expense for earlier years | ||
| Net cash generated from / (used in) operating activities (a) | (416.92) | (246.14) |
| B. Cash flow from investing activities | ||
| Purchase of Property, Plant and Equipment | (1,044.00) | |
| Purchase of Investments | ||
| Purchase of intangible assets | ||
| Proceeds from sale of Property, Plant and Equipment | 102.66 | |
| Interest received | 58.69 | 75.80 |
| Proceeds of margin money deposit with bank | ||
| Net cash from investing activities (b) | 161.35 | (968.20) |
| C. Cash flow from financing activities | ||
| Repayment of Short Term Borrowings | ||
| Finance costs paid | (4.71) | |
| Proceeds from capital | 182.40 | 1,216.54 |
| Proceeds from share premium | 200.64 | |
| Repayment of warrant reserves | (95.76) | |
| Proceeds from Short Term Borrowings | ||
| Net cash (used in) financing activities (c) | 287.28 | 1,211.83 |
| Net increase / (decrease) in cash and cash equivalents (a+b+c) | 31.71 | (2.51) |
| Cash and cash equivalents at the beginning of the year | 4.79 | 7.29 |
| Cash and cash equivalents at the end of the year | 36.50 | 4.79 |
| Cash and cash equivalents comprise of: | ||
| Cash on hand | 35.10 | 1.42 |
| Balances with Banks – Current Account | 1.40 | 3.37 |
| Demand Deposit (less than 3 months maturity) | ||
| Total cash and cash equivalents | 36.50 | 4.79 |
| Sr. No | Particulars | Details |
|---|---|---|
| 1 | Reason for change | Re-Appointment as an Independent Director |
| 2 | Date of Re-appointment | October 1, 2026, subject to the approval of the members of the Company. |
| 3 | Term of appointment | 2nd Term – 5 Years |
| 4 | Brief profile (in case of appointment) | Mr. Dipesh Dhirajlal Maru has immense experience in garment industry. Mainly he deals with export. He is a graduate from Mumbai University. Over 25 years of experience. He has an extensive background and experience in Admin, Finance, Strategic Planning, Restructuring Operations, Export Marketing and International Business Relations. |
| 5 | Relationship Inter-se Directors/Key Management Personnel | None of the Directors/KMPs are related to Mr. Dipesh Maru |
| 6 | Affirmation as required pursuant to BSE Circular with ref. no. LIST/COMP/14/2018-19 and the National Stock Exchange of India Ltd. with ref. no. NSE/CML/2018/24, both dated June 20, 2018 | Mr. Dipesh Maru is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority |