To, Date: 14/11/2022

The Manager-Listing Department,

BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai-400 001.
BSE Scrip Code: 543620
Symbol: INA

Dear Sir/Madam,

Sub: Outcome of the Board Meeting and submission of Un-audited Standalone and Consolidated
Financial Results of the Company for the half year ended September 30, 2022.

Ref: Regulation 33 read with Regulation 30 and other applicable regulations, if any, of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors of the Company at their meeting held today i.e. November 14, 2022, has inter
alia, approved the Un-audited Financial Results of the Company, both Standalone and Consolidated, for
the half-year ended September 30, 2022, on the recommendation of the Audit Committee and
subjected to limited review by the Statutory Auditors.

In respect of the above, we hereby enclose the following:

1. Un-audited Standalone and Consolidated Financial Results of the Company for the half year ended
September 30, 2022.

2. Unmodified Limited Review Report issued by Statutory Auditors of the Company, i.e. M/s Badaya &
Co., Chartered Accountants on the said Un-audited Financial Results, both Standalone and
Consolidated.

The meeting commenced at 11.00 a.m. and concluded at 12.30 p.m.

Request you to kindly take the above on your records.

Thanking You,
For and on behalf of Insolation Energy Limited
(formerly known as Insolation Energy Private Limited)

______________________
Manish Gupta
Chairman & Whole Time Director
DIN: 02917023
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the way to ENERGY ( Formerly Known as Insolation Energy Pvt. Ltd.)

soLAR PANEL I BATTERY I PCU @ www.insolationenergy.in I @ infolainsolationenergy.in

U4O1O4RJ2O15PLCO4844s I
CSr No.: o8AADC rggsTJuZO

STATEMENT OF UNAUDITED STANDAI,ONE FINANCIAL RESUTTS

FOR THE HALF YEAR ENDED SEPTEMEBR 30, 2022

STANDALONE PROFIT AND LOSS FOR THE PERIOD SEPTEMBER 30,2022

n lakhs
Six month ende Sentember 30 Year ended March 31
2,O22 2,Ozt 2,O22
Un-audited Un-audited Audited
INCOM E
Revenue from 0peration 11,565.38 10,610.52 27,539.27
Otler lncome 18.52 (0.2 1l 6.68
Total Income 11,583.90 10,510.31 21,545.95
EXPENSES

Cost of Material Consumed 9,725.56 8,483.27 L7,873.87

Purchase of Stock-in-trade 979.72 373.99 686.98
Change in Inventodes offinished goods, stock in
process & stock in trade [246.s0J 81.47 [236.04)

Employee Benefit Expense 310.01 277.2L 577.L5

Finance Cost 143.48 84.68 227.06
Depreciation and amortization expense 83.39 99.26 196.5 5
Otler expenses 567.94 603.93 1.284.25
Total expenses 10,963,00 10,003.82 20,609.82
Profit before exceptional and extraordinary items 620.90 606.49 936.13
and tax
Exceptional ltems
Prior Period Items 1.63
Profit/ (LossJbefore extraordinary items and tax 620.90 606.49 934.51
Extraordinary items
Profit before tax 620.90 606.49 934.51
Tax Expenses

Ia)Current Tax 766.23 160.81 253.00

[b] Defemed Tax (3.s sl 19.53.) (L2.02)
Profit/(Loss) for the vear 45A.22 455.2t 693.52
Basic and Diluted Earning Per Share 3.0 5 75.82 24,LL
See accompanying notes to the Financial Statements

Place: jaipur
Datet 14.77.2022 Chairman and Whole time Director

Reg. Off.: Works:

G-25, City Center, S.C. Road,
Delhi Off.:
Khasra No- 7 661 2, Village- Bagwada, 502 A, Arunachal Building,
Jaipur-302001
Jaipur, Rajasthan - 305805 Barakhamba Road,
Ph.: +91-141-4019103, 4O29tO3
Connaught Place,New Delhi-Ol
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SOLAR PANEL I BATTERY I PCU

CIN: U40104RJ2O15PLCO 48445 lCSr No.' OSAADCIgg3ZJLZO

STANDALONE BALANCE SHEET AS AT SEPTEMEBR 30,2022

in lakhs
PARTICULARS AS AT AS AT
30th Sep 2022 31st March 2022

EOUTTY & I-IABILITIES

SHARE HOLDERS'FUNDS
Share Capltal 1,5 0 0.0 0 1,5 00.00
Reserve and Surplus t,17L.38 713.L6
NON CURRENT LIABILITIES
Long Term Borrowings 415.3I 667.44
Deferred Tax Llabilities (Netl 40.87 44.42
Ot}er Long Term Llabilities 4.29
Long Term Provision 26.96 zz.4t
CURRENT LTABILITIES
Short Term Borrowlngs 2,522.03 2,794.42
Trade Payable
total outstanding dues from micro and small
Enterprises 779.36 729.30
total outstanding dues from creditors outer than
micro and small Enterprises 545.05 438.95
Other Current liabilities 478.25 736.L4
Short term Provisions 269.09 )1R 4)
TOTAL 7,7+9.37 6,669.34
ASSFTS

NON CURRENT ASSETS

Property, Plant and Egulpmert and lntznglble
Assets
Property, Plant and Equipment 827.24 903.85
Non Current Investments 3 00.00 181.00
Long Term Loans & Advances 35 0.21 744.52
Otler Non Current Assets 763.72 67.54
CURRENT ASSETS
I nventorles 2,990.55 2,347.55
Trade receivables 2,325.45 1,651.10
Cash and cash equlvalents 140.34 656.2L
Short-term [oans and advances 649,59 720.58
Other current assets 2.88 ? qa,
TOTAL 7.7+9.37 6,669.3+

See accompanyinq notes to 0re Financial Stalements

For Inso on Energy Limited

Place: Jaipur
Date:74.77.2022 Chairman and Whole time Director

Reg. Off.: Works: Delhi Off.:

G-25. City Center, S.C. Road,
Khasra No - 7 66 I 2. Village-Bagarada, 502 A, Arunachal Building,
Jaipur-302001
Jaipur, Rajasthan - 305805 Barakhamba Road,
Ph.: +91-141-4019103, 4029L03
Connaught Place,New Delhi-Ol
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the way to ENERGY ( Formerly Known as Insolation Energy Pvt. Ltd.)

soLAR PANEL I BATTERY I PCU

CIN: U40104RJ2O15PLC0 48445 lCSr ruo., O8AADCT9937JIZO

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESUTTS

FOR THE HALF YEAR ENDED SEPTEMEBR30,2022
Cash Flow statement for the halfvear eneded 30th September. 2022
lakhs
AS AT AS AT
A CASH FLOW FROM OPERATING ACTIVITIES
3Oth Sep 2022 3Oth Sep 2021
Net Profit After Tax 4SA.Z2 455.21
45A.22 455.21
Adjustrnents for:
Deferred Tax t3.s sl Ie.s3]
Loss on Fixed Assets -t.74
0.83
Depreciation R? ?q 99.26
80.67 97.48
Operating Profit before Working Capital Changes 538.89 s46.69
Adjustments for:
Decrease/(lncreaseJ in Inventories (64e.00) 2.9L
Decrease/flncrease) in Trade Receivables (67 4.3s) (s9e.oe)
Decrease/flncrease] in Short term Loans and Advances 71.0 0 15.20
Decrease/fincrease) in other Non Current Assets (es.s8l 2.41
Decrease/([ncreaseJ in other Current Assets 0.11
Increase/(DecreaseJ in Short Term Borrowings 327.6L [2 0.81]
Decrease/[ncrease] in Long Term loans & Advances [20s.6e] (e.7t)
lncrease/[Decrease] in Trade Payables t57.L6 189.69
lncrease/[Decrease) in 0ther Current liabilities 3+2.tt (118.16)
lncrease/(DecreaseJ in Short term provisions 50.67 207.5O
Cash generated hom operations ( 67 5.96 t3 3 0.0 6l

Net Cash flow from Operating activities (137.07) 276.64

B CASH FLOW FROM INVESTING ACTIVITIES

Decrease/fl ncreaselin Fixed Assets [10.70] (42.44)
Sale of Fixed Assets 3.10 2.27
Net Cash used in Investins activities (7.60) (40.17)

c CASH FLOW FROM FINANCING ACTIVITIES

Proceeds from Share Capital
Proceeds from Long term Borrowings (252.46 (t37.72)
Proceeds from other financia[ assets
Proceeds from long term provisions 4.5 5
Decrease/flncrease] in Non Current Investrnent [1 19.0 0
Other long term liabitities t4.29 (29.L4)
Net Cash used in financins activities (37t.191 t156.86)
Net increase in cash & Cash Equivalents (s 1s.B7J 9.6L
Cash and Cash equivalents at beginning of the year 656.2t 24.26
Cash and Cash equivalents atend ofhalfvear 140.34 3 3.87
For Insol n Energy Limited

Place: Jaipur
Date: 74.11,.2022 Chairman and Whole time Director

Reg. Off.: Works: Delhi Off.:

G-25, City Center, S.C. Road,
Khasra No - 7 Village -Bagwada,
66 I 2, 502 A, Arunachal Building,
Jaipur-S02001 Barakhamba Road,
Jaipur. Rajasthan - 303805
Ph. : +91-141-4019103, 4O29LO3
Connaught Place,New Delhi-Ol
.
{r.

INSOLATION ENERGY LIMITED

( Formerly Known as Insolation Energy Pvt. Ltd.)

soLAR PANEL I BATTERY I PCU

ctN: U40104RJ2O15PLCO 48445 lCSr ruo.' o8AADCI9937JLZO

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS

FOR THE HAI,F YEAR ENDED 3OTH SEPTEMBER 2022

in Lakhs

PARTICULARS Six month ended September 30, Year ended March 3 1,

2022 2022
Un-audited Artdite d
INCOME
Revenue from Operation 11,565.38 21,539.27
Otherlncome 21,52 7.97
Iotal lncome 11,586.90 2t.s47.24
EXPENSES
Cost of Material Consumed 9,740.64 77,A73.87
Purchase of Stock-in-trade 979.72 686.98
Change in Inventories offinished goods, stock in
(261.s81 (236.04
process & stock in tade
Employee Benefit Expense 310.01 577.15
Finance Cost 743.48 227.06
Depreciatior and amortizatiofi expearse 83.39 196.55
Other exDenses 567.94 1,2a4.25
fotal exDenses 10,963.00 20,609.42
Profit before exceptionaI and extraordinary items 623 90 937.42
rnd tax
Exceptional ltems
Prior Period Items 1.53
Profit/[Loss]before exEraordinary items and tax 623.90 935.80
Extraordinary items
Profit before rax 623.90 935.80
Tax Expenses
Ia]Current Tax 166 99 253.23
Ib] Deferred Tax 13 55 11) ,-)7\
Profit/(Loss) for the year 460.46 694.59
Basic and Diluted Earning Per Share 3.07 24.74
See accompanying notes to the Financial
Statements

For Inso n EnergyLtmlted

Place: laipur
Datet 14.7L.2022 Chairman and Whole time Director

Reg. Off.: Works: Delhi Off.:

G-25, City Center, S.C. Road, Khasra No - 7 Village -Bagwada,
66 I 2, 502 A, Arunachal Buitding,
Jaipur-302001 Barakhamba Road,
Jaipur, Rajasthan - 503805
Ph. : +91-141 -4079103, 4029703
Connaught Place,New Dethi-Ol
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the way to ENERGY ( Formerly Known as Insolation Energy Pvt. Ltd.)

SOLAR PANEL I BATTERY I PCU @ www.insolationenergy i" | @ info6ainsolationenergy.in

CIN : U40104RJ2015P1C0 48445 9937JLZO

CONSOLIDATE BALANCE SHEET AS AT SEPTEMBER 30,2022

in Lakhs
AS AT AS AT
PARTICULARS
3oth Sep. 2022 31st March 2022

EOUITY& LIABILITIES
SHARE HOLDERS'FUNDS

Share Capital 1,50 0.00 1,s00.00

Reserveand Surfus 7,774.69 774.23
NON CURRENT LIABILITIES

Long Term Borrowings 7,084.22 931.51

Deferred Tax Liabilities (Net) 40.a7 44.41
Other Long Term Liabilities 772.70 27.30
Long Term Prov'ision 26.96 22.47
CURRENT LIABILITIES

ShortTerm Borrowtngs z,5zz.o3 2,794.42

Trade Payable
Eotal outstanding dues from micro and small
Enterprises 779.36 729.30

total outstanding dues from creditors other Ehan

micro and small Enlerprises 546.32 438.95
Other Current liabilities 479.75 13 6.81

Short term Provisions 26q qq 278.69

TOTAL 8,53 5.65 6,952.O4
ASSETS

NON CURRENTASSETS

Property, Plant and Equlpment and lntangtble

Assets
Property, Plant and Equipment 7,592.27 7,122.33
Non Current Investments

Long Term Loans & Advances 184.93 L7L.27

OOrer Non Current Assets 35 7.13 L49.23
CURRENTASSETS

lnvenUories 3,005.96 2,34L.55

Trade receivables 2,325.+S 1,65 1.10
Cash and cash equivalents 492.78 840.16
Short-term loans and advances s70.2L 673.43
Other current asseEs 6.98 2.94
TOTAL 8,53 5.65 6,952,O4
See accompanying notes to the Financial Statements

For lnsolfion Energy Limited

Place: faipur
Date: L4.11.2022 Chairman and Whole time Director

Reg. Off.: Works: Delhi Off.:

G-25, City Center, S.C. Road, Khasra No- 7 661 2, Village- Bagwada, 502 A, Arunachal Building,
Jaipur-502001 Barakhamba Road,
Jaipur, Rajasthan - 303805
Ph. : +91-141 -40L9L03, 4O29L03 Connaught Place,New Delhi-Ol
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the way toENERGY ( Formerly Known as Insolation Energy Pvt. Ltd.)

SOLAR PANEL ! BATTERY ! PCU @ wwwinsolationenergy.in I @ infoGinsolationenergy.in

CIN: U40104RJ2O15PLCO 48445 CSr No., OBAADCI9937J1ZO

|

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS

Cash Flow Statement for the halfvear ended 30th Septenrebcr. 2022

For Ole period ended

CASH FLOW FROM OPEMT]NG ACTIVTTIES
iep.,2022

Profit before Working Capital Changes

] in ltrventorjes

I in Trade Receivables (570.76)

in Shortterm Loans and Advances 520.12
in otler Non Current Assets (7O7,77)
/(lhcreaR] in other Current AsLs (0,76j
Deqe4el in Short Term Borrowings 834.23
in Long Term loans & Advances 0,29
Dec.e6e] in Trade Payables 113.99
Decre6el in 0ther Current liabillties (37,22)
Decretre] in Short term provisions

CASH FLOW FROM INVESTING ACTIVITIES

Decrease/()ncrease]in Fixed Assets

FLOW FROM FINANCING ACTIVITIES

Proceeds from Share Capital

Proceeds from Long term Bolrowings 752.72 200.37

from other ffnancial assts
frm lorg terft prNkiffi 4.55 9,66

90.80

increase in c6h & Cash Equivalenfs

and Cash equiwlenb at beginnihg ofthe year

EnerS, Llmlted

Place: laipur DIN:02917023

Datet 74,77,2022 Chairman and Whole time Director

Reg. Off.: Works: Delhi Off.:

G-25, City Center, S.C. Road, Khasra No - Village -Bagwada,
7 66 I 2, 502 A, Arunachal Buitding,
Jaipur-S02001 Barakhamba Road,
Jaipur, Rajasthan - 303805
Ph.: +91-141-4019103, 4OZ9LO1
Connaught Place,New Delhi-Ol
.
 *,
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ll ll t lt t'll INSOLATION ENERGY LIMITED
!! t!7 !!t7 'l
the way toENERGY ( Formerly Known as Insolation Energy Pvt. Ltd.)

soLAR PANEL I BATTERY I PCU

CIN : U4O104RJ2O15PLCO 48445 CSr No. : O8AADC I 99 37 JuZO
|

NOTES TO FINANCIAL RESULTS (CONSOLIDATED AND STANDATONE)

1. The above un-audited Standalone & Consolidated Financial results for the quarter and half year
ended 30th September 2022 have been prepared by the Company in accordance with the
Regulation 33 of SEBI (listing obligations & Disclosure Requirements) Regulations 2015 (as
amended) and were reviewed by the Audit Committee and approved & taken on record by the
Board of Directors at their respective Meeting held on Monday 14th November 2022. The Results
have been subjected to a "Limited Review" by the Statutory Auditors - M/s Badaya & Co.,
Chartered Accountants, Jaipur and they have issued an unmodified review report thereon.

2. These financial results have been prepared in accordance with the lndian Accounting Standards
(" lnd AS ") prescribed under section 133 of the Companies Act 20L3 read with relevant rules
issued there-under and in terms of the Regulation 33 of the SEBI (LODR) Regulations , 20L5 as
modified by circular dated July 5, 201.6.

3. The Company has one wholly- owned subsidiary company as on 30 September, 2022. Therefore,
the Company has prepared both Un- audited Standalone and Consolidated Financial Results.

4. The Company has one Wholly- owned subsidiary Company named lnsolation Green Energy
Private Limited which proposed to commence commercial production from January 2023.

5. The Company is engaged in manufacturing of a wide range of Solar Panels which includes Solar
Module, Solar PCU, Solar Battery. Considering the nature of Business and Financial Reporting of
the Company, the Company is operating in only one segment. Hence Segment reporting is not
applicable.

5. The above financial results are available on Companies Website www.insolationenergv.in

7. Previous period figures of the Company have been regrouped/ re- arranged wherever necessary
to make them comparable with the reporting with current period,

hish Gupta
DIN:02917023
(Chairman and Whole Time Director)

Reg. Off.: Works: Delhi Off.:

G-25, City Center, S.C. Road,
Khasra No- 7 66 I 2, Village-Bag'wada, 502 A. Arunachal Building,
Jaipur-302001
Jaipur, Rajasthan - 303805 Barakhamba Road,
Ph. : +91-141-4019103, 4029LO3
Connaught Place,New Delhi-Ol