Synopsis: Insolation Energy Ltd saw its shares surge after the Board approved migration from BSE SME to the main boards of BSE and NSE. Investors reacted positively to the potential liquidity and visibility benefits of the listing upgrade.

A solar energy stock jumped sharply today after announcing plans to migrate its listing from the SME platform to the main boards of India’s leading exchanges. The company’s Board approved the Information Memorandum for the migration, and discussions are ongoing with BSE to clarify the associated processing fees before filing the application.

Insolation Energy Ltd, currently valued at a market capitalization of Rs. 4201.94 crore, opened at Rs. 172.95 against a previous close of Rs. 167.25 and surged to an intraday high of Rs. 197, representing an approximate increase of 17.8 percent from the previous close.

What’s the News?

The company’s Board meeting on 23rd October 2025 approved the Information Memorandum related to migrating the equity shares from the SME platform of BSE Limited to the main board of BSE and for direct listing on the main board of NSE. The Board noted that the migration processing fees, amounting to Rs. 1.98 crore plus GST, are substantial. 

Discussions are ongoing with BSE Limited to seek clarity on the fees, and once clarity is received, the company will proceed to file the main board migration application. Updates will be provided after the application is filed with the respective exchanges. Investors responded positively to this step, anticipating increased liquidity and broader market access.

Financial Snapshot – Half Yearly Results 

Between September 2024 to March 2025 Insolation Energy’s sales rose from Rs. 612 crore to Rs. 722 crore, reflecting an increase of 18 percent. Operating profit grew modestly from Rs. 80 crore to Rs. 81 crore, up 1.25 percent, while profit before tax rose from Rs. 74 crore to Rs. 80 crore, a 8.1 percent increase. Net profit improved from Rs. 61 crore to Rs. 65 crore, marking a 6.6 percent rise over the six-month period.

On a year-on-year basis between March 2024 to March 2025, the company’s revenue increased sharply from Rs. 459 crore to Rs. 722 crore, a growth of 57.3 percent. Operating profit expanded from Rs. 52 crore to Rs. 81 crore, up 55.8 percent. Profit before tax surged from Rs. 45 crore to Rs. 80 crore, representing a 77.8 percent rise, while net profit climbed from Rs. 40 crore to Rs. 65 crore, a 62.5 percent increase.

About the Company

Insolation Energy Ltd, founded in 2017 and headquartered in Jaipur, Rajasthan, is a prominent solar panel manufacturer in India. The company operates two advanced manufacturing units that combine automation with stringent environmental and safety standards. Utilizing robotics and comprehensive quality assurance, INA produces durable solar panels with a long operational lifespan, leveraging high-grade raw materials and a skilled workforce to ensure reliability and superior performance in the renewable energy segment.

-Manan Gangwar 

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