Source Natural Foods and Herbal Supplements Limited’s Board of Directors has approved the development of a 1.782 MW (1,782 kWp) grid-connected rooftop Solar PV Project. This initiative, operating under the RESCO/OPEX model, signifies the company’s strategic move to diversify into the renewable energy sector. The project includes development, installation, and maintenance, with a Term Sheet and Commercial Framework already established with a client.
Diversification into Renewable Energy
Source Natural Foods and Herbal Supplements Limited has taken a significant step towards diversifying its business operations by approving a new renewable energy project. The company’s Board of Directors, in a meeting held on August 10, 2026, gave the green light for a 1.782 MW (1,782 kWp) grid-connected rooftop Solar PV Project. This move marks the company’s strategic entry into the renewable energy sector.
Project Details and Business Model
The proposed project will be undertaken using the RESCO/OPEX model. Key details of the project include its nature as a grid-connected rooftop Solar PV Project with a capacity of 1.782 MW. Source Natural Foods’ scope encompasses the comprehensive development, installation, operation, and maintenance of the solar power generation facility. The company has already entered into a Term Sheet and Commercial Framework with a client, who will serve as the Power User/Client. This framework outlines the broad structure for the project’s lifecycle.
Financial Approvals and Future Outlook
Alongside the solar project, the Board also considered and approved the unaudited financial results (Standalone and Consolidated) for the quarter ended June 30, 2026, along with the accompanying Limited Review Report. The company views this renewable energy venture as an opportunity to expand its business activities and anticipates making further disclosures as definitive agreements are executed and material milestones are achieved. The project’s progression is contingent upon site inspection, feasibility studies, financial evaluation, engineering activities, and the finalization of a definitive Power Purchase Agreement (PPA).
Delegation of Authority
In addition to the strategic initiatives, the Board also approved the delegation of authority for the incorporation of Wholly Owned Subsidiaries/Subsidiary Companies to Mr. N Arvind Varchaswi, Managing Director, and Mr. Tejagna K Katpitia, Executive Director.
Financial Highlights (Quarter Ended June 30, 2026)
The unaudited financial results for the quarter ended June 30, 2026, show a Net Profit of ₹68.29 Lakhs on a standalone basis. Total Income stood at ₹2,153.05 Lakhs, with Total Expenses amounting to ₹2,060.77 Lakhs. For the same period, the consolidated figures indicate a Net Profit of ₹92.28 Lakhs from Ordinary Activities before Tax, and ₹68.29 Lakhs after tax, with Total Income at ₹2,153.05 Lakhs.
Consolidated Segment Performance
On a consolidated basis for the quarter ended June 30, 2026, the ‘Ayurveda’ segment reported a Profit Before Tax of ₹82.21 Lakhs on a revenue of ₹1496.53 Lakhs. The ‘Energy’ segment contributed ₹47.64 Lakhs to the Profit Before Tax with a revenue of ₹819.63 Lakhs.
Source: BSE
