AARTECH

SOLONICS

Living Passion Through Engineering

AARTECH SOLONICS LIMITED

May 26, 2026

To,

National Stock Exchange of India Limited

Exchange Plaza, Plot No. C/1, G-Block

Bandra Kurla Complex,

Bandra (E)

Mumbai – 400 051

NSE Symbol: AARTECH

To,

BSE Limited

Listing Department,

Phiroze Jeejeebhoy Towers,

1st Floor, New Trading Ring,

Rotunda, Dalal Street,

BSE Scrip Code: 542580

Sub: Outcome of Board Meeting held on May 26, 2026 – Intimation under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

This is with reference to our earlier intimation dated May 19, 2026, regarding the Board Meeting of Aartech Solonics Limited scheduled for May 26, 2026, to consider and approve the Audited IndAS Standalone and Consolidated Financial Results of the Company for the 4th quarter and financial year ended March 31, 2026, along with the Independent Auditor’s Report thereon and other business matters.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), as amended from time to time, we wish to inform you that the Board of Directors of the Company, at its meeting held today i.e., Tuesday, May 26, 2026, at the Registered Office of the Company at E-2/57, Arera Colony, Bhopal- 462016 (M.P.), which commenced at 12:00 Noon and concluded at 06:05 P.M., inter-alia considered and approved the following:

Audited IndAS Standalone Financial Results of the Company, for the quarter and year ended March 31, 2026 along with Auditor’s Report, as reviewed and recommended by the Audit Committee.
Audited IndAS Consolidated Financial Results of the Company for the quarter and year ended March 31, 2026 along with Auditor’s Report, as reviewed and recommended by the Audit Committee.

Declaration in respect of unmodified opinion(s) expressed by the Auditor in respect of Annual Audited IndAS Standalone and Consolidated Financial Results of the Company is enclosed as Annexure-A

Appointment of M/s Simran Khanuja & Co., Practicing Chartered Accountants (Firm Registration No. 035454C), Bhopal, as the Internal Auditors of the Company for the financial year 2026-27, as recommended by the Audit Committee.

Address :

Registered Office : ‘Ashirwad’, E-2/57, Arera Colony, Bhopal, Madhya Pradesh, India - 462016

Unit #1: 35A/36, Sector-B, Industrial Area, Mandideep, District Raisen, Madhya Pradesh, India - 462046

Unit #2: Near Him Cold Storage, Sector-1A, Parwanoo, District Solan, Himachal Pradesh, India - 173220

Phone :

+91-99930 91167

+91-73899 24734

Fixed Line :

+91-755-2463593

Website:

www.aartechsolonics.com

Email :

[email protected]

CIN :

L31200MP1982PLC002030

AARTECH

S O L O N I C S

AARTECH SOLONICS LIMITED

Living Positions in Information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is enclosed as Annexure-B

We request you to kindly take the above information on record and treat this as compliance under the applicable provisions of the SEBI Listing Regulations.

Thanking you,

Yours faithfully,

For Aartech Solonics Limited

CS K R Tanuj Reddy

Company Secretary & Compliance Officer

Address :

Registered Office : 'Ashirwad', E-2/57, Arera Colony, Bhopal, Madhya Pradesh, India - 462016

Unit #1: 35A/36, Sector-B, Industrial Area, Mandideep, District Raisen, Madhya Pradesh, India - 462046

Unit #2: Near Him Cold Storage, Sector-1A, Parwanoo, District Solan, Himachal Pradesh, India - 173220

Phone :

+91-99930 91167

+91-73899 24734

Fixed Line :

+91-755-2463593

Website:

www.aartechsolonics.com

Email :

[email protected]

CIN :

L31200MP1982PLC002030

Living Passion Through Engineering

26th May, 2026

To,
National Stock Exchange of India Limited
Exchange Plaza, Plot No. C/1, G-Block
Bandra Kurla Complex,
Bandra (E)
Mumbai – 400 051
NSE Symbol: AARTECH

Annexure-A

To,
BSE Limited
The Corporate Relationship Dept.
Phiroze Jeejeebhoy Towers,
1st Floor, New Trading Ring,
Rotunda, Dalal Street,
BSE Scrip Code: 542580

Sub: Disclosure pursuant to Regulation 33(2)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir/Ma’am

Pursuant to the provisions of Regulation 33(2)(a) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we hereby confirm, declare, and certify that the Audited Financial Results (Standalone & Consolidated) of the Company for the quarter and year ended 31st March, 2026, as approved by the Board of Directors at its meeting held on Tuesday, May 26, 2026, are true and fair and:

Do not contain any false or misleading statement or figures;
Do not omit any material fact that may make the statements or figures contained therein misleading; and
Have been prepared in accordance with the applicable Indian Accounting Standards (Ind AS) and other applicable regulatory requirements.

We request you to kindly take the above information on record and acknowledge receipt of the same.

Thanking You,

Yours Faithfully,

For Aartech Solonics Limited

Pradeep Vasant Narkhede
Chief Financial Officer
PAN: ***4506H

Address :
Registered Office : ‘Ashirwad’, E-2/57, Arera Colony,
Bhopal, Madhya Pradesh, India – 462016

Unit #1: 35A/38, Sector-B, Industrial Area, Mandideep,
District Raisen, Madhya Pradesh, India – 462046

Unit #2: Near Him Cold Storage, Sector-1A, Parwanoo,
District Solan, Himachal Pradesh, India – 173209

Phone :
+91-99930 91167
+91-73899 24734

Fixed Line :
+91-755-2463593

Website:
www.aartechsolonics.com

Email :
[email protected]
[email protected]

CIN :
L31200MP1982PLC002030

AARTECH

SOLONICS

Annexure-B

Details with respect to Appointment of Internal Auditor in terms of Regulation 30 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024

Sr. No.	Particulars	Details
1.	Details of Internal Auditor	M/s Simran Khanuja & Co., Chartered Accountants, Bhopal
2.	Reason for change viz. appointment, resignation, removal, death or otherwise	Appointment as Internal Auditor of the Company
3.	Date of appointment/cessation (as applicable) & term of appointment	Appointed on May 26, 2026, for the Financial Year 2026-27
M/s Simran Khanuja & Co., Chartered Accountants (Firm Reg. No. 035454C) has been appointed as the Internal Auditor of the Company for the Financial Year 2026-27 to carry out the internal audit functions as per the applicable statutory framework.
4.	Brief Profile (in case of appointment)	M/s Simran Khanuja & Co. is a Chartered Accountancy firm established in 2023 under the proprietorship of CA Simran Khanuja. Despite being a relatively new firm, it provides professional services in accounting, auditing, taxation, advisory, and consultancy. The firm has demonstrated sound capability and has prior experience with the Company, which is expected to contribute positively to the Company’s internal control systems.
5.	Disclosure of Relationships (in case of appointment)	Not Applicable
6.	Name of listed entities in which the resigning director holds directorships, indicating the category of directorship and membership of Board Committees, if any.	Not Applicable

CS K R Tanuj Reddy

Company Secretary & Compliance Officer

Address :

Registered Office : 'Ashirwad', E-2/57, Arera Colony, Bhopal, Madhya Pradesh, India - 462016

Phone :

Website:

Email :

CIN :

CA BANCRS & CO LLP INDIA Chartered Accountants

Independent Auditor's Report on Audit of the Annual Standalone Financial Results of Aartech Solonics Limited ("the Company") pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

The Board of Directors of
The Aartech Solonics Limited

Report on the audit of the Annual Standalone Financial Results

Opinion

We have audited the accompanying standalone annual financial results of Aartech Solonics Limited (hereinafter referred to as the "Company") for the year ended 31 March 2026, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone annual financial results:

a. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
b. and give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India, of the net profit and total comprehensive income and other financial information for the year ended 31 March 2026.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, is sufficient and appropriate to provide a basis for our opinion on the standalone annual financial results.

M-343, Gautam Nagar
Near Indian Bank Zonal Office
Shopal - 462023

+91 9399253386 [email protected] www.bancrs.in

Emphasis of Matter

We would like to draw your attention towards Note No. 6 relating to investment in Enerqual Technology Private Limited entity (“Associate”). We have noted that there have been ongoing dispute between both the managements of the companies due to which the Company doesn’t get any sufficient and appropriate information regarding the financial results of Enerqual Technologies Pvt. Ltd, due to which the investment in Associate is valued at cost and no impairment testing has been performed. Considering the probable impact of the same our opinion is not modified in respect to this matter.

Management and Board of Directors' Responsibilities for the Standalone Annual Financial Results

These standalone annual financial results have been prepared on the basis of the standalone annual financial statements.

The Company's Management and the Board of Directors are responsible for the preparation and presentation of these standalone annual financial results that give a true and fair view of the net profit and other comprehensive income/(loss) and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities: selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone annual financial results, the Management and the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results

Our objectives are to obtain reasonable assurance about whether the standalone annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,

BANKS AND CO.

they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone annual financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also;

Identify and assess the risks of material misstatement of the standalone annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone annual financial results made by the Management and Board of Directors.
Conclude on the appropriateness of the Management and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the standalone annual financial results, including the disclosures, and whether the standalone annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

SANTA BARBARA AND COUNTY
FRN C400331
BHOPAL
11

Other Matters

The standalone annual financial results include the results for the quarter ended 31 March 2026 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

For B A N C R S AND Co. LLP (FRN: C400331)
Chartered Accountants

C.A. Aumol Chhabra
Partner
Membership No. 434305

UDIN: 26434305ISMHPX3174

Place: Bhopal
Date: May 26, 2026

AUDITED
FINANCIAL STATEMENTS

(FOR THE YEAR ENDING MARCH 31, 2026)

Registered Office:
E-2/57, "Ashirvad"
Arena Colony
Bhopal – 462016
Madhya Pradesh
Tel. No. 91-755-4276335/2463693
Fax No. 91-755-2463593
E-mail: [email protected]
Website: www.aartechsolonics.com

Auditors:
BANCRS & CO. LLP
Chartered Accountants
M-343, Gautam Nagar
Near Indian Bank ZO
Bhopal – 462023
Email: [email protected]

AARTECH SOLONICS LIMITED

Registered Address: E-2/57, Ashirwad, Arera Colony, Bhopal - 462016 (MP)
CIN: L31200MP1982PLC002030

Statement of Standalone Financial Results for the Quarter and Year ended 31st March 2026

(Amount in ₹ Lakhs)

Particulars	Quarter Ended			Year Ended
	31-Mar-26
(Audited)	31-Dec-25
(Unaudited)	31-Mar-25
(Audited)	31-Mar-26
(Audited)	31-Mar-25
(Audited)
1. Income from operations	1,746.10	738.23	1,012.96	4,017.82	3,569.73
2. Other income	-50.72	36.72	-55.80	167.58	333.59
3. Total Income (1 + 2)	1,695.39	774.95	957.16	4,185.40	3,903.32
4. Expenses
Cost of materials consumed	1,135.92	394.15	376.70	2,522.40	1,768.56
Changes in Inventories	130.08	-145.46	27.78	-210.35	10.39
Employee benefits expense	171.31	107.32	167.83	495.65	455.12
Finance costs	19.54	15.40	14.00	72.57	54.17
Depreciation and amortisation expense	9.53	10.01	9.52	39.97	38.95
Impairment Losses	-	-	393.10	-	393.10
Other expenses	192.74	150.84	305.80	710.37	1,038.04
Total Expenses	1,659.12	532.26	1,294.73	3,630.62	3,758.34
5. Profit before exceptional item and tax (3 - 4)	36.27	242.69	-337.57	554.78	144.98
6. Exceptional Item	-121.71	121.71	-	-	-
7. Profit before tax (5-6)	157.98	120.98	-337.57	554.78	144.98
8. Tax Expense
(1) Current Tax	114.56	19.95	-69.57	180.08	22.90
(1) Earlier Tax	-	40.32	-	40.32	-44.72
(3) Deferred Tax	-29.56	-2.34	-18.03	-15.34	-37.50
9. Profit for the period (7-8)	72.97	63.04	-249.97	349.71	204.37
10. Other comprehensive income
A. Items that will not be reclassified to profit or loss
-Remeasurement of net defined benefit obligation (net of taxes)	-0.40	-	-1.50	-0.40	-1.50
Total comprehensive income	72.58	63.04	-251.47	349.31	202.87
11. Paid-up equity share capital (Face value per share of Re S/- each)	1,588.52	1,588.52	1,588.52	1,588.52	1,588.52
12. Earnings per equity share (Amount in ₹)
(1). Basic (Restated - Refer note 5)	0.23	0.20	-0.79	1.10	0.64
(2). Diluted (Restated - Refer note 5)	0.23	0.20	-0.79	1.10	0.64

Notes:

The above audited standalone financial results were reviewed by the audit committee and thereafter approved at the meeting of the Board of Directors held on 26th May, 2026. The statutory auditors of the Company have audited the standalone financial results.
The above audited standalone financial results of the Company have been prepared in accordance with the Indian Accounting Standards ("Ind AS") as prescribed under section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standard) Rules, 2015, as amended.
In accordance with Ind AS 108, the Board of directors, being the Chief operating decision maker of the Company, has determined that the Company's primary business segment is manufacturer of Electrical Items; Control & Relay Panel, Bus Transfer System, Ultracapacitors, Waste to Compost Machine etc and there are no separate reportable segments as per Ind AS 108. Thus, the segment revenue, segment results, total carrying amount of segment assets, total carrying amount of segment liabilities, total cost incurred to acquire segment assets, total amount of charge for depreciation during the year is as reflected in the financial statements. The Company's operations are such that all activities are confined only to India.
The gross margins and net profit margins are showing continued increasing trends due to change in product mix. The company has started manufacturing panels of advanced ratings Upto 220 kv ( erstwhile upto 66kv) resulting in increase price. Along with this the panel volumes are expected increase in future years assisting in procuring raw material at better pricing due to bulk procurement.
The Company is currently involved in an ongoing dispute concerning its ownership of shares in Enerqual Technology Private Limited ("Associate Entity"). The nature of the litigation precludes the disclosure of specific details at this time. While the outcome remains uncertain, the dispute is not expected to have a material impact on the Company's financial statements. However, due to the ongoing nature of the litigation, it is not presently possible to determine the extent of any potential impact.
During the period, the Company incurred a loss arising from a fire accident that occurred on 16 October 2025 at its factory situated at Plot No. 35A/36, Sector-B, Industrial Area, District Raisen, Mandideep, 462047, Madhya Pradesh. The incident resulted in damage to inventories, fixed assets, and other related assets. Consequently, a loss amounting to ₹1.21 crore has been recognised against loss of stock and fixed assets and ₹ 0.13 crore against restoration of building in the Statement of Profit and Loss. The Company has lodged an insurance claim aggregating to ₹3.27 crore on a reinstatement basis with the insurer. The insurer has accepted the claim to the extent of ₹1.85 crore and the same been received by the Company as on the reporting date.
The previous period figures have been regrouped/ reclassified, wherever necessary to conform to the current period presentation.

Place: Bhopal
Date: May 26, 2026

For and on behalf of the Board of Directors
Aartech Solonics Limited

Chairman and Managing Director
DIN: 00282385

AARTECH SOLONICS LIMITED

E-2/57, Arera Colony, Bhopal-462016, Madhya Pradesh

CIN: L31200MP1982PLC002030

Standalone Balance Sheet as at 31st March 2026
(Amount in ₹ Lakhs)

| Particulars | Notes | As at
31st March 2026 | As at
31st March 2025 |
| --- | --- | --- | --- |
| ASSETS | | | |
| Non-Current Assets | | | |
| (a) Property Plant & Equipment & Intangible Assets | 2 | 346.82 | 348.83 |
| (b) Capital work-in-progress | | | |
| (c) Right-of-use-assets | 2 | 1.11 | 4.41 |
| (d) Financial Assets | | | |
| (i) Investments | 3 | 116.34 | 145.98 |
| (i) Loans & Advances | 4 | 433.08 | 646.46 |
| (ii) Other financial assets | 5 | 119.57 | 101.50 |
| (e) Deferred tax assets (net) | 6 | 50.33 | 96.97 |
| Current assets | | | |
| (a) Inventories | 7 | 949.11 | 966.91 |
| (b) Financial assets | | | |
| (i) Investments | 8 | 848.72 | 1,138.71 |
| (ii) Trade receivables | 9 | 1,631.30 | 584.45 |
| (iii) Cash and cash equivalents | 10 | 328.41 | 168.77 |
| (iv) Other financial assets | 11 | 132.84 | 1.34 |
| (c) Other current assets | 12 | 95.97 | 131.81 |
| (d) Current tax assets (net) | 13 | 22.87 | 20.97 |
| TOTAL ASSETS | | 5,076.47 | 4,357.11 |
| EQUITY & LIABILITIES | | | |
| Equity | | | |
| (a) Equity share capital | 14 | 1,588.52 | 1,588.52 |
| (b) Other equity | 15 | 1,963.56 | 1,653.96 |
| Non-current liabilities | | | |
| (a) Financial liabilities | | | |
| (i) Lease liabilities | 16 | - | - |
| (b) Deferred tax liabilities (net) | | | |
| (c) Provisions | 17 | 52.76 | 34.88 |
| Current liabilities | | | |
| (a) Financial liabilities | | | |
| (i) Borrowings | 18 | 560.20 | 558.19 |
| (ii) Lease liabilities | 16 | 1.50 | 5.56 |
| (iii) Trade payables | | | |
| - Total outstanding dues of MSME | | 44.33 | 11.08 |
| - Total outstanding dues of creditors other than MSME | 19 | 617.47 | 406.44 |
| (ii) Other financial liabilities | 20 | 73.24 | 53.93 |
| (b) Other current liabilities | 21 | 56.65 | 44.54 |
| (c) Current tax liabilities (Net) | 22 | 118.24 | - |
| TOTAL EQUITY & LIABILITIES | | 5,076.47 | 4,357.11 |

Significant accounting policies and notes to accounts are integral part of the Financial Statements.

For and on behalf of the Board of Directors
Aartech Solonics Limited

Place : Bhopal
Date : May 26, 2026

E-2/57, Arera Colony, Bhopal-462016, Madhya Pradesh

CIN: L31200MP1982PLC002030

Statement of Standalone Cash Flow for the year ended 31st March 2026

(Amount in ₹ Lakhs)

Particulars	For the year ended 31st March 2026	For the year ended 31st March 2025
1 Cash Flows from Operating Activities
Net Profit and Loss a/c (as per profit and loss account)	349.71	204.37
Adjustments for:
Provision for tax made during the year	220.40	-21.83
Deferred Tax	-15.34	-37.56
Depreciation for the year	39.97	38.95
Interest expense on bank overdraft	43.30	39.02
Interest expense on other loans	4.91	2.52
Interest on lease liabilities	0.32	0.65
Interest Income on Bank Deposit	-13.08	-9.22
Interest Income Others	-44.17	-37.45
Interest Income on Security Deposit	-0.07	-0.07
Net Gain/Loss on Sale of Investment	-44.46	-211.43
Provision for Gratuity & Leave Encashment (Net)	16.78	-
Gain/Loss on investments measured at FVTPL	49.34	-
Profit on sale of property, plant and equipment	-	-3.77
Other non-operating income	-	-4.84
Operating Profit Before Working Capital Changes	607.62	-40.65
Working Capital Changes
Decrease/(Increase) in Trade Receivable	-1,046.85	320.18
Decrease/(Increase) in Inventories	17.81	-284.81
Decrease/(Increase) in Other Financial Assets	-131.50	1.41
Decrease/(Increase) in Other Current Assets	36.26	-9.50
Increase/(Decrease) in Trade Payable	244.27	-138.65
Increase/(Decrease) in Other Financial Liabilities	19.31	-10.40
Increase/(Decrease) in Other Current Liabilities	12.11	-10.22
Income tax paid during the year	-40.03	-20.97
Net cash generated from operational activity	-281.01	-193.62
2 Cash Flows from Investing Activities
Interest Income	57.33	46.74
Non Current Investment (Net)	29.64	399.79
Proceeds from disposal of property, plant and equipment (Net)	-	8.18
Purchase of property, plant and equipment (Net)	-36.78	-47.60
Purchase & Realisation of marketable securities (Net)	240.65	-265.55
Net Gain/Loss on Sale of Investment	44.46	211.43
Loans & Advances	213.38	-207.56
Security deposit paid	-18.07	-31.98
Net cash generated from Investment activity	530.61	113.44
3 Cash Flows from Financing Activities
Proceeds from short-term borrowings (net)	2.01	147.25
Dividend paid	-39.71	-79.43
Interest paid	-48.21	-41.54
Payment of Lease Liabilities	-4.05	-3.52
Net cash generated from Financing activity	-89.96	22.76
4 Net Increase/(Decrease) in Cash (1+2+3)	159.64	-57.42
Cash and cash equivalents at the beginning of the year	168.77	226.19
5 Cash and cash equivalents at the end of the year	328.41	168.77

Place : Bhopal

Date: May 26, 2026

For and on behalf of the Board of Directors

Aartech Solonics Limited

Chairman and Managing Director

DIN: 00282385

CA BANCRS & CO LLP INDIA Chartered Accountants

Independent Auditor's Report on Audit of the Annual Consolidated Financial Results of Aartech Solonics Limited ("the Holding Company") pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

The Board of Directors of
The Aartech Solonics Limited

Report on audit of the Annual Consolidated Financial Results

Opinion

We have audited the accompanying consolidated annual financial results of Aartech Solonics Limited (hereinafter referred to as the "Holding Company") and its subsidiaries and Associates (Holding Company and its subsidiaries and associates together referred to as "the Group") for the year ended 31 March 2026, attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the audit reports of the subsidiaries mentioned below, the consolidated financial results for the year ended 31 March 2026:

a. include the annual financial results of the following entities

S. No	Name of the Entity	Relationship
1	Faradigm Ultracapacitors Private Limited	Subsidiary
2	AIC - Aartech Solonics Pvt Ltd	Subsidiary

b. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard;

c. and give a true and fair view, are in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India, of the net profit and total comprehensive income and other financial information for the year ended 31 March 2026.

M-343, Gautam Nagar
Near Indian Bank Zonal Office
Bhopal - 462023
-919399253386
[email protected]
www.bancrs.in

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, is sufficient and appropriate to provide a basis for our audit opinion on the Consolidated annual financial results.

Management and Board of Directors' Responsibilities for the Consolidated Annual Financial Results

These Consolidated annual financial results have been prepared on the basis of the Consolidated annual financial statements.

The Company's Management and the Board of Directors are responsible for the preparation and presentation of these Consolidated annual financial results that give a true and fair view of the net profit/loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities: selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent: and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Consolidated annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Consolidated annual financial results, the Management and the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

FRN C400331 BHOPAL

The Board of Directors are responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results

Our objectives are to obtain reasonable assurance about whether the Consolidated annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated annual financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also;

Identify and assess the risks of material misstatement of the Consolidated annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the Consolidated annual financial results made by the Management and Board of Directors.
Conclude on the appropriateness of the Management and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

FEN C400331 BHOOPL

Evaluate the overall presentation, structure and content of the Consolidated annual financial results, including the disclosures, and whether the Consolidated annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.

Other Matters

The Consolidated annual financial results include the results for the quarter ended 31 March 2026 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

For B A N C R S AND Co. LLP (FRN: C400331)
Chartered Accountants

CA. Anmol Chhabra
Partner
M. No. 434305

UDIN: 26434305YYZIXT6513

Place: Bhopal
Date: May 26,2026

CONSOLIDATED
FINANCIAL STATEMENT

(FOR THE YEAR ENDING MARCH 31, 2026)

Registered Office:
E-2/57, "Ashirvad"
Arera Colony
Bhopal – 462016
Madhya Pradesh

Tel. No. 91-755-4276335/2463693
Fax No. 91-755-2463593
E-mail: [email protected]
Website: www.aartechsolonics.com

Auditors:
BANCRS & CO. LLP
Chartered Accountants
M-343, Gautam Nagar
Near Indian Bank ZO
Bhopal – 462023
Email: [email protected]

Registered Address: E-2/57, Ashirwad, Arera Colony, Bhopal - 462016 (MP)
CIN: L31200MP1982PLC002030

Statement of Consolidated Financial Results for the Quarter and Year ended 31st March 2026

Particulars	Quarter Ended			Year Ended
	31-Mar-26
(Audited)	31-Dec-25
(Unaudited)	31-Mar-25
(Audited)	31-Mar-26
(Audited)	31-Mar-25
(Audited)
1. Income from operations	1,746.45	738.23	1,055.37	4,088.42	3,635.22
2. Other income	-69.44	29.95	-71.30	130.91	297.95
3. Total Income (1 + 2)	1,677.01	768.18	984.07	4,219.33	3,933.17
4. Expenses
Cost of materials consumed	1,088.80	409.48	370.06	2,469.07	1,763.42
Changes in Inventories	144.30	-166.43	26.53	-219.76	5.32
Employee benefits expense	175.66	111.50	171.92	515.20	472.80
Finance costs	21.51	15.44	10.51	74.90	54.77
Depreciation and amortisation expense	12.79	13.04	11.28	51.98	50.33
Impairment Losses	-	-	393.10	-	393.10
Other expenses	189.30	149.22	292.27	710.44	1,021.95
Total Expenses	1,632.36	532.25	1,275.67	3,601.83	3,761.68
5. Profit before exceptional Item and tax (3 - 4)	44.65	235.93	-291.61	617.50	171.48
6. Exceptional Items
Share of Profit / (Loss) of Associates and Joint Ventures	-3.80	-	2.01	0.42	2.01
Exceptional Items (Loss by Fire)	121.71	-121.71	-	-	-
7. Profit before tax (5-6)	162.56	114.22	-289.60	617.92	173.49
8. Tax Expense
(1) Current Tax	121.73	19.95	-66.56	198.48	27.03
(1) Earlier Tax	-0.89	37.58	-	36.69	-44.37
(3) Deferred Tax	-19.20	-1.34	-60.48	-14.30	-85.59
9. Profit for the period (7-8)	60.93	58.02	-162.56	397.05	276.42
10. Other comprehensive income
A. Items that will not be reclassified to profit or loss
-Remeasurement of net defined benefit obligation (net of taxes)	-0.40	-	-1.50	-0.40	-1.50
Total comprehensive income	60.53	58.02	-164.07	396.65	274.92
Net profit/(loss) attributable to:
Owners	68.34	60.34	-166.73	404.85	273.00
Non-controlling interests	-7.42	-2.32	4.17	-7.80	3.42
Other comprehensive income/(loss) is attributable to:
Owners	-0.40	-	-1.50	-0.40	-1.50
Non-controlling interests	-	-	-	-	-
Total comprehensive income/(loss) is attributable to:
Owners	67.94	60.34	-168.23	404.45	271.50
Non-controlling interests	-7.42	-2.32	4.17	-7.80	3.42
11. Paid-up equity share capital (Face value per share of Re 5/- each)	1,588.52	1,588.52	1,588.52	1,588.52	1,588.52
12. Earnings per equity share (Amount in ₹)
(1). Basic (Restated - Refer note 7)	0.19	0.18	-0.51	1.25	0.87
(2). Diluted (Restated - Refer note 7)	0.19	0.18	-0.51	1.25	0.87

Statement of Consolidated Financial Results for the Quarter and Year ended 31st March 2026

Notes:

The above audited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at its Meeting held on 26th May 2026. The statutory auditors of the Company have Audited the consolidated financial results.
The above audited consolidated financial results of the Company have been prepared in accordance with the Indian Accounting Standards (“Ind AS”) as prescribed under section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standard) Rules, 2015, as amended and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In accordance with Ind AS 108, the Board of directors, being the Chief operating decision maker of the Company, has determined that the Company’s primary business segment is manufacturer of Electrical Items; Control & Relay Panel, Bus Transfer System, Ultracapacitors, Waste to Compost Machine etc and there are no separate reportable segments as per Ind AS 108. Thus, the segment revenue, segment results, total carrying amount of segment assets, total carrying amount of segment liabilities, total cost incurred to acquire segment assets, total amount of charge for depreciation during the year is as reflected in the financial statements. The Company’s operations are such that all activities are confined only to India.
The Company had made an investment of Rs. 3 Lakhs in the Enerqual Technology Pvt. Ltd (“Associate”) and has 30% shareholding in the same. It has recognized income from share in profit associate of Rs. 1.22 Lakhs in the Financials of FY 2025-26 which pertains to FY 2024-25. The Associate has not provided sufficient and appropriate information despite several follow-ups regarding the financial statement for year ended 31st March 2026 of Associate due to the ongoing dispute with the Associate entity. Accordingly, the Company has not included the impact in the audited consolidated financial results of the Group. Further, the dispute is not going to have any material impact in the audited consolidated financial results of the Group.
As mentioned in Note 4 above regarding the ongoing dispute and delay in obtaining financial statement of the Associate company, the Company has only been able to include the share of profit in associate for the period of FY 2024-25. Due to inability of the associate to provide audited financial statements the share of profit/(loss) as per equity method has not been included in the consolidated financial statements. Basis the trend in previous year share of profit in associate and book value of the associate, it does not have a material impact on the audited consolidated financial results of the Group.
The previous period figures have been regrouped/ reclassified, wherever necessary to conform to the current period presentation.

Amit Anil Raje
Chairman and Managing Director
DIN: 00282385

Consolidated Balance Sheet as at 31st March 2026
(Amount in ₹ Lakhs)

| Particulars | Notes | As at
31st March 2026 | As at
31st March 2025 |
| --- | --- | --- | --- |
| ASSETS | | | |
| Non-Current Assets | | | |
| (a) Property Plant & Equipment & Intangible Assets | 2 | 445.39 | 451.40 |
| (b) Capital work-in-progress | | 15.32 | 5.18 |
| (c) Right-of-use-assets | 2 | 1.11 | 4.41 |
| (d) Financial Assets | | | |
| (i) Investments | 3 | 118.44 | 148.23 |
| (i) Loans & Advances | | | |
| (ii) Other financial assets | 4 | 120.35 | 101.99 |
| (e) Deferred tax assets (net) | 5 | 107.66 | 158.82 |
| Current assets | | | |
| (a) Inventories | 6 | 1,083.18 | 1,080.47 |
| (b) Financial assets | | | |
| (i) Investments | 7 | 892.56 | 1,170.32 |
| (ii) Trade receivables | 8 | 1,635.69 | 588.78 |
| (iii) Cash and cash equivalents | 9 | 344.74 | 235.08 |
| (iv) Other financial assets | 10 | 132.87 | 1.34 |
| (c) Other current assets | 11 | 142.29 | 317.51 |
| (d) Current tax assets (net) | 12 | 23.34 | 17.38 |
| TOTAL ASSETS | | 5,062.92 | 4,280.93 |
| EQUITY & LIABILITIES | | | |
| Equity | | | |
| (a) Equity share capital | 13 | 1,588.52 | 1,588.52 |
| (b) Other equity | 14 | 1,921.78 | 1,557.04 |
| Non Controlling Interest | 15 | -3.97 | 3.83 |
| Non-current liabilities | | | |
| (a) Financial liabilities | | | |
| (i) Lease liabilities | 16 | - | - |
| (b) Other non-current liabilities | 17 | 13.05 | 14.45 |
| (c) Deferred tax liabilities (net) | | | |
| (d) Provisions | 18 | 52.76 | 34.88 |
| Current liabilities | | | |
| (a) Financial liabilities | | | |
| (i) Borrowings | 19 | 560.20 | 558.19 |
| (ii) Lease liabilities | 16 | 1.50 | 5.56 |
| (iii) Trade payables | | | |
| - Total outstanding dues of MSME | 20 | 44.89 | 6.47 |
| - Total outstanding dues of creditors other than MSME | 21 | 621.24 | 410.76 |
| (iv) Other financial liabilities | 22 | 74.66 | 54.91 |
| (b) Other current liabilities | 23 | 59.07 | 46.32 |
| (c) Current tax liabilities (Net) | 23 | 129.22 | - |
| TOTAL EQUITY & LIABILITIES | | 5,062.92 | 4,280.93 |

Significant accounting policies and notes to accounts are integral part of the Financial Statements.

Place : Bhopal
Date : May 26, 2026

Consolidated Statement of Cash Flow for the year ended 31st March 2026
(Amount in ₹ Lakhs)

Particulars	For the year ended 31st March 2026	For the year ended 31st March 2025
1 Cash Flows from Operating Activities
Net Profit and Loss o/c (as per profit and loss account)	397.05	276.42
Adjustments for:
Provision for tax made during the year	235.18	-17.34
Deferred Tax	-14.30	-85.59
Depreciation for the year	51.98	50.33
Interest expense on bank overdraft	43.30	39.02
Interest expense on other loans	4.91	2.52
Interest on lease liabilities	0.32	0.65
Interest Income on Bank Deposit	-13.34	-9.45
Interest Income Others	-0.15	-0.17
Interest Income on Security Deposit	-0.07	-0.07
Net Gain/Loss on Sale of Investment	-50.15	-211.43
Gain on investments measured at FVTPL	52.60	182.11
Expected credit loss	-	-
Grant Income	-11.40	-31.40
Profit on sale of property, plant and equipment	-	-3.77
Provision for Gratuity & Leave Encashment (Net)	17.88	10.60
Other non-operating Income	-6.57	-6.57
Operating Profit Before Working Capital Changes	707.22	195.87
Working Capital Changes
Decrease/(Increase) in Trade Receivable	-1,046.91	320.91
Decrease/(Increase) in Inventories	-2.70	-306.34
Decrease/(Increase) in Other Financial Assets	-131.53	1.43
Decrease/(Increase) in Other Current Assets	175.22	-169.82
Increase/(Decrease) in Trade Payable	248.91	-132.59
Increase/(Decrease) in Other Financial Liabilities	19.75	-11.86
Increase/(Decrease) in Other Current Liabilities	12.75	-10.10
Income tax paid during the year	-57.66	-42.24
Net cash generated from operational activity	-74.95	-154.74
2 Cash Flows from Investing Activities
Interest Income	13.56	9.69
Grant Income	11.40	31.40
Non Current Investment (Net)	29.79	397.78
Proceeds from disposal of property, plant and equipment (Net)	11.95	8.18
Purchase of property, plant and equipment (Net)	-49.07	-49.07
Purchase & Realisation of marketable securities (Net)	277.76	-267.30
Loss on investments measured at FVTPL	-52.60	-182.11
Net Gain/Loss on Sale of Investment	50.15	211.43
Loans & Advances	-	-
Security deposit paid	-18.36	-32.47
Net cash generated from Investment activity	274.58	127.52
3 Cash Flows from Financing Activities
Proceeds from short-term borrowings (net)	2.01	147.25
Dividend paid	-39.71	-79.43
Interest paid	-48.21	-41.54
Payment of Lease Liabilities	-4.05	2.04
Net cash generated from Financing activity	-89.96	28.31
4 Net Increase/(Decrease) in Cash (1+2+3)	109.66	1.10
Cash and cash equivalents at the beginning of the year	235.08	233.98
5 Cash and cash equivalents at the end of the year	344.74	235.08

Place : Bhopal

Date: May 26, 2026

For and on behalf of the Board of Directors

Aartech Solonics Limited

Anit And Ake

Chairman and Managing Director

DIN: 00282385

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Aartech Solonics Limited Earnings Release 2026

59093_rns_2026-05-26_c7eebd24-a272-4537-9321-07ae340de3c5.pdf

Opinion

Basis for Opinion

Emphasis of Matter

Management and Board of Directors' Responsibilities for the Standalone Annual Financial Results

Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results

AARTECH SOLONICS LIMITED

Statement of Standalone Financial Results for the Quarter and Year ended 31st March 2026

Notes:

AARTECH SOLONICS LIMITED

Opinion

Basis for Opinion

Management and Board of Directors' Responsibilities for the Consolidated Annual Financial Results

Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results

Other Matters

Statement of Consolidated Financial Results for the Quarter and Year ended 31st March 2026

Statement of Consolidated Financial Results for the Quarter and Year ended 31st March 2026

Notes:

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Aartech Solonics Limited — Earnings Release 2026

59093_rns_2026-05-26_c7eebd24-a272-4537-9321-07ae340de3c5.pdf

Opinion

Basis for Opinion

Emphasis of Matter

Management and Board of Directors' Responsibilities for the Standalone Annual Financial Results

Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results

AARTECH SOLONICS LIMITED

Statement of Standalone Financial Results for the Quarter and Year ended 31st March 2026

Notes:

AARTECH SOLONICS LIMITED

Opinion

Basis for Opinion

Management and Board of Directors' Responsibilities for the Consolidated Annual Financial Results

Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results

Other Matters

Statement of Consolidated Financial Results for the Quarter and Year ended 31st March 2026

Statement of Consolidated Financial Results for the Quarter and Year ended 31st March 2026

Notes:

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Aartech Solonics Limited Earnings Release 2026