Saatvik Green Energy Limited has announced the acquisition of an 80% equity stake in Melcon Transformers and Electricals Private Limited, a transformer manufacturing company based in Jaipur. The Share Purchase Agreement was executed on April 23, 2026, marking a strategic expansion into power equipment manufacturing for the solar energy company.

Acquisition Details

The transaction involves the purchase of 8,000 equity shares representing 80% of Melcon's equity share capital through cash consideration. The acquisition is expected to be completed within 30 days of the agreement.

Target Company Profile

Melcon Transformers and Electricals Private Limited was incorporated on February 2, 2005, and is registered with ROC Jaipur. The company operates in the transformers manufacturing industry with a subscribed capital of Rs. 1,00,000 divided into 10,000 equity shares of Rs. 10 each.

The company's financial performance over the last three years shows the following turnover figures:

Melcon specializes in manufacturing transformers ranging from 5 KVA to 12,500 KVA (up to 33 KV class), including oil-type, dry-type, auxiliary, and energy-efficient transformers. The company serves diverse industrial and utility requirements with a customer base including PSUs and private companies.

Strategic Rationale

The acquisition enables Saatvik Green Energy to diversify into transformer manufacturing and establish a strong presence in the power transmission equipment segment. This move represents a strategic step towards becoming a fully integrated energy solutions provider by bridging capabilities across generation, transmission, and execution.

The transaction is expected to unlock significant operational and market synergies with Saatvik's existing business operations. Key benefits include enhanced execution efficiency, greater control over key components and supply chains, and the ability to leverage combined capabilities and customer relationships.

Management Commentary

Prashant Mathur, CEO of Saatvik Green Energy Limited, emphasized the strategic importance of the acquisition in building a comprehensive energy ecosystem. He highlighted that transformers serve as a critical bridge between generation and consumption, and without robust transmission infrastructure, renewable capacity cannot translate into reliable power.

The acquisition aligns with Saatvik's evolution from a solar manufacturer to an integrated energy solutions player, positioning the company to actively shape and enable India's clean energy growth at scale. The move is expected to enhance supply chain control, improve quality assurance, and create a more resilient supply chain infrastructure.

Saatvik Green Energy Limited has informed stock exchanges about the authorization of five Key Managerial Personnel (KMP) to determine materiality of events and information for disclosure purposes under SEBI Listing Regulations. The company submitted this intimation to both BSE Limited and National Stock Exchange of India Limited on April 23, 2026, in compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Authorized Key Managerial Personnel

The company has designated five senior executives with authority to assess and disclose material events to stock exchanges:

Regulatory Compliance Framework

This authorization aligns with the company's Policy for Determination of Materiality of Events or Information, ensuring structured governance for material disclosures. The designated personnel will evaluate events and information to determine their materiality and make appropriate disclosures to stock exchanges under Regulation 30 of the Listing Regulations.

Company Information

Saatvik Green Energy Limited, formerly known as Saatvik Green Energy Private Limited, operates as part of the Saatvik Group. The company maintains its corporate office at Tower A, IFFCO Complex, Sector 32, Gurugram, Haryana, while its registered office is located in Village Dubli, Haryana. The company trades on stock exchanges under the symbol SAATVIKGL on NSE and scrip code 544526 on BSE.

The information regarding authorized personnel has been made available on the company's website at saatvikgroup.com, ensuring transparency and accessibility for stakeholders and investors.