📌 At a Glance:
Jet Solar Ltd (BSE: 538794) just released its FY25 results, declared a clean audit, and appointed a new secretarial auditor — but the stock still tanked 4.98% to ₹20.41 on May 22. Is this just market moodiness, or is the solar shine fading?
🧾 What Did Jet Solar Announce?
On May 22, 2025, the Board of Directors approved:
- ✅ Audited Financial Results for H2 and full year ending March 31, 2025
- ✅ Unmodified Audit Opinion from Mittal & Associates
- ✅ Appointment of M/s. Pooja Malkan & Co. as secretarial auditors for FY26–30 (pending AGM approval)
🔎 Key Financial Highlights (Based on Audit Filing)
While the full P&L isn’t included in this board communication, here’s what we do know:
- ✅ Audit passed with no qualifications – a big positive.
- ✅ The company continues to function as a going concern.
- 🧾 Results were declared as per SEBI Regulation 33.
- 🔎 The official financials are hosted on jetsolarlimited.com (Investors Section).
We recommend retail investors check the full numbers before reacting just to headlines.
🧑⚖️ Auditor’s Verdict: “All Clear, Captain Solar!”
Mittal & Associates (yes, the same chartered accountant who probably told your uncle his GST was due) gave Jet Solar a clean chit.
- 👨💼 No fraud, misstatement, or red flags
- 💰 Internal controls declared “effective”
- 🔐 Going concern basis used appropriately
- 📚 All accounting standards followed
So… if the numbers are clean, why’s the stock bleeding?
🧃 Let’s Talk Market Psychology
Jet Solar’s price drop may have little to do with financials and more to do with perception:
- 📉 Price Trend: ₹21.48 → ₹20.41 in one day (5% down)
- 💬 No dividend, no bonus, no juicy growth guidance? = Boring response
- 🤨 “Audit clear” ≠ “Profit jump” — so retail traders may have moved on
Also, the SME space is super volatile. This might just be algorithmic sell-offs after “no breakout news.”
🧾 Secretarial Auditor Appointment – What’s the Big Deal?
Jet Solar appointed M/s. Pooja Malkan & Co. for a 5-year term (FY26–30), pending AGM approval.
Why it matters:
- 🕵️♀️ They handle compliance with SEBI, FEMA, NBFC rules, etc.
- 🔍 They’re Peer Reviewed (Cert No: 3488/2023) – not some shady lane-wali firm
- 🎓 Based in Mumbai, they already serve several reputed clients
🚨 Risks We Still Need to Track
- 📊 Financial growth details missing from the press release – no revenue/profit visibility yet
- 🛠️ No mention of project pipeline, order book, or capacity utilization
- 💸 No dividend declared — cash preservation mode?
- 🤷 Lack of investor communication = uncertainty = panic selling?
📉 EduInvesting Verdict: “Audit’s Clean, But Where’s the Shine?”
Jet Solar’s FY25 audit is clean. The books look sorted. New secretarial auditor is legit. But…
Investors don’t buy clean books. They buy growth.
So until Jet Solar starts flashing solar panel orders, expansion plans, or EBITDA fireworks — the market might keep treating it like a stock stuck in a cloudy day.
If you’re in for the long run — good. But if you were expecting a quick rally? This might not be your sunshine stock.
Tags: Jet Solar FY25 Results, JETSOLAR Share Price, SME Stocks India, BSE 538794, Solar Companies India, Mittal Audit, Pooja Malkan Secretarial Auditor, EduInvesting SME Watch
