Fujiyama Power Systems Ltd

Fujiyama Power Systems Limited will seek shareholder approval to raise funds through the issuance of equity shares via public or private placement, potentially including a qualified institutional placement, to achieve minimum public shareholding, according to a regulatory filing on October 12, 2026. The company’s Board of Directors will consider the proposal at a meeting on Thursday, October 15, 2026, and a trading window for designated persons will remain closed until 48 hours after the meeting’s conclusion and the declaration of the company’s unaudited financial results for the quarter and half year ending September 30, 2026.

Fujiyama Power Systems Limited, formerly Fujiyama Power Systems Private Limited, announced an investment of Rs 5,00,57,469 in Zayo Energy Private Limited through the subscription of 833 Compulsorily Convertible Debentures, according to a regulatory filing on September 4, 2026. The investment, made on an arm’s length basis, will enable backward integration and strengthen the company’s value chain, as Zayo Energy Private Limited is engaged in the manufacturing of solar panel components and is considered an associate company.

Fujiyama Power Systems Ltd announced today that it has received rating actions from Moody's Investors Service, Japan Credit Rating Agency (JCR), and Rating and Investment Information, Inc. (R&I) concerning its ¥10 billion senior unsecured notes due November 20, 2028, and ¥15 billion senior unsecured notes due November 20, 2033; Moody's has affirmed the senior unsecured notes due November 20, 2028 at A3 and the senior unsecured notes due November 20, 2033 at A2, while simultaneously withdrawing both ratings; JCR has affirmed the ¥10 billion senior unsecured notes due November 20, 2028 at A and the ¥15 billion senior unsecured notes due November 20, 2033 at A, and has also withdrawn both ratings; finally, R&I has affirmed the ¥10 billion senior unsecured notes due November 20, 2028 at A+ and the ¥15 billion senior unsecured notes due November 20, 2033 at A+, and has withdrawn both ratings as well.

Fujiyama Power Systems announced that its board has approved the proposal for setting up a 1.2 GW TopCon solar cell manufacturing facility at its Ratlam plant in Madhya Pradesh. Currently, the company operates a 1 GW Mono PERC solar cell manufacturing facility at its Dadri plant, Uttar Pradesh. With the addition of 1.2 GW TopCon capacity at Ratlam, Fujiyama will substantially strengthen its integrated manufacturing capabilities across the solar value chain. The commercial operations of the Ratlam TopCon facility are expected to commence from Q1 of FY2028. The estimated investment for the project is Rs. 350 crore, which will be funded through a combination of debt and internal accruals. The TopCon Solar Cell project forms a key part of the Company's backward integration and technology upgradation strategy. The expansion is aimed at reducing cost volatility, ensuring timely availability of DCR compliant solar cells, improving gross margins and strengthening the Company's competitive position in the B2C rooftop solar market. Furthermore, the implementation of ALMM-II for Solar PV Cells with effect from 1st June 2026 is expected to accelerate domestic demand for DCR solar panels and domestically manufactured solar cells, thereby supporting the strategic rationale for the proposed expansion.

Net profit of Fujiyama Power Systems rose 107.49% to Rs 106.32 crore in the quarter ended March 2026 as against Rs 51.24 crore during the previous quarter ended March 2025. Sales rose 87.52% to Rs 900.77 crore in the quarter ended March 2026 as against Rs 480.35 crore during the previous quarter ended March 2025. For the full year,net profit rose 94.53% to Rs 304.13 crore in the year ended March 2026 as against Rs 156.34 crore during the previous year ended March 2025. Sales rose 72.29% to Rs 2654.51 crore in the year ended March 2026 as against Rs 1540.68 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales900.77480.35 88 2654.511540.68 72 OPM %19.0316.46 -18.4716.13 - PBDT164.7177.31 113 452.23231.12 96 PBT144.1171.77 101 408.04213.13 91 NP106.3251.24 107 304.13156.34 95 Powered by Capital Market - Live

Fujiyama Power Systems will hold a meeting of the Board of Directors of the Company on 14 May 2026.

Fujiyama Power Systems has granted 4 lakh stock options under ESOP on 25 April 2026.

The brokerage cited strong growth prospects driven by rising demand for rooftop solar, ongoing capacity expansion and supportive government policies. It noted that the company is well positioned to benefit from increasing adoption of solar solutions in the residential segment, supported by policy initiatives and expanding manufacturing capabilities. Fujiyama Power Systems is a rooftop solar solutions provider with a wide portfolio of over 500 products, including panels, inverters and batteries. Its business is largely B2C, supported by a strong network of over 8,200 channel partners, with a focus on Tier-2 and Tier-3 markets. On a standalone basis, Fujiyama Power Systems' net profit surged 124.29% to Rs 67.31 crore while net sales rose 73.80% to Rs 588.48 crore in Q3 December 2025 over Q3 December 2024.

Net profit of Fujiyama Power Systems rose 124.29% to Rs 67.31 crore in the quarter ended December 2025 as against Rs 30.01 crore during the previous quarter ended December 2024. Sales rose 73.80% to Rs 588.48 crore in the quarter ended December 2025 as against Rs 338.60 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales588.48338.60 74 OPM %18.6815.45 - PBDT98.1044.87 119 PBT89.3640.36 121 NP67.3130.01 124 Powered by Capital Market - Live

Fujiyama Power Systems will hold a meeting of the Board of Directors of the Company on 31 January 2026.Powered by Capital Market - Live