Surat (Business Correspondent): Solex Energy Limited (NSE: SOLEX), one of India’s most trusted solar brand, has announced that the company has formally applied to migrate from the NSE Emerge (MSME platform) to the NSE Main Board. This significant step reflects the company’s steady growth, financial performance, and readiness to align with broader market opportunities.
The migration process is expected to be completed within approximately 90 days, subject to regulatory approvals and compliance with all requirements. This transition will not only enhance Solex Energy’s market visibility but also strengthen its position as a trusted player in the renewable energy industry.
The company has demonstrated strong financial performance, with positive cash accruals (earnings before interest, depreciation, and tax) from operations for each of the three financial years preceding the migration application. Additionally, Solex reported a positive profit after tax in the immediate preceding financial year of making the migration application to the Exchange.
Speaking on this development, Chetan Shah, Chairman & Managing Director of Solex Energy Limited, said, “This migration is a momentous milestone in our journey as we celebrate 30 years of pioneering excellence in the solar industry. Moving to the NSE Main Board will enable us to access a larger pool of investors, enhance our market credibility, and accelerate our vision of delivering clean and sustainable energy solutions globally. We remain dedicated to creating long-term value for our stakeholders while driving India’s renewable energy transition.”
The planned migration is a testament to the company’s sustainable growth trajectory, supported by its strong fundamentals, industry expertise, and commitment to innovation.
