OSOnix Solar Energy513119Financial restatement

Reply to exchange on FY26 results discrepancies; XBRL updates to be reconciled with audited PDF results

Company replied to the exchange on discrepancies in its revised XBRL updates for the year ended 31 March 2026.

By ScoutQuest · Fri 23 Oct 2026, 5:56 PM IST · 2 min read

Standalone profit FY26

3,016.47 lakh (EPS 12.03)

Consolidated profit FY26

3,147.69 lakh (EPS 12.56)

Stake acquired in Nexgenix Solar Manufacturing

99%

Onix Solar Energy has written to the stock exchange explaining why its revised XBRL updates for the year ended 31 March 2026 did not match the PDF financial results it had submitted, and has attached the audited standalone and consolidated financial results for reference. All figures below are in Rs. lakh unless stated otherwise.

What happened

• At its Board Meeting held on 7 September 2026, the company took note of certain changes in the financial figures for the year ended 31 March 2026, and the revised results were shared with the exchange through the XBRL utility.
• Because of those revisions, differences arose between the data in the XBRL updates and the PDF results, including figures for net profit/loss, paid-up equity share capital, earnings per share and the statement of assets and liabilities, for both standalone and consolidated results.
• The company states it is taking the necessary steps to reconcile the reported figures and rectify the discrepancies in the XBRL updates wherever required, so that they are consistent with the results approved by the Board of Directors.

What the enclosed audited results show

• Standalone, year ended 31 March 2026: revenue from operations of 15,721.85 and profit for the period of 3,016.47, with basic and diluted EPS of 12.03.
• Consolidated, year ended 31 March 2026: revenue from operations of 16,541.89 and profit for the period of 3,147.69, with basic and diluted EPS of 12.56.
• The standalone results carry an auditor's report from A H Mandaliya & Associates, which states that the statement gives a true and fair view of the net profit and state of affairs for the quarter and year ended 31 March 2026.

A new subsidiary sits inside the consolidated numbers

• During the quarter/year ended 31 March 2026, the company acquired a 99% equity stake in Nexgenix Solar Manufacturing Pvt Ltd, making it a subsidiary.
• The consolidated results therefore include that subsidiary from the date of acquisition, and the company notes that the corresponding figures for previous periods are not comparable to that extent.

How to read it

This is a correction exercise rather than a fresh business update. The document sets out why the machine-readable XBRL data and the PDF results did not agree, and attaches the audited results that the Board approved. The practical point for a reader is that the figures the company says it will align its updates to are the ones in these audited standalone and consolidated statements, and the company has said it will carry out the rectification of the XBRL updates.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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