Saatvik Green Energy appoints internal and cost auditors for FY2026-27

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Reviewed by
Riya DScanX News Team
Key Highlights

Saatvik Green Energy Limited's board approved the appointment of Protiviti India Member Private Limited as internal auditor and M/s K. K. Sinha & Associates as cost auditor for FY2026-27 at its meeting on August 14, 2026. Both appointments were recommended by the Audit Committee and comply with Sections 138 and 148 of the Companies Act, 2013, respectively. The disclosure was made under Regulation 30 of the SEBI Listing Regulations.

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Saatvik Green Energy Limited's board of directors, at its meeting held on August 14, 2026, approved the appointment of two audit firms for FY2026-27. The appointments, made on the recommendation of the Audit Committee, cover internal audit and cost audit functions in accordance with the Companies Act, 2013.

Auditor appointments at a glance

The following table summarises the two appointments approved by the board:

Parameter: Internal Auditor Cost Auditor
Firm name: Protiviti India Member Private Limited M/s K. K. Sinha & Associates
Firm registration: CIN: U93000HR2009PTC057389 Firm Registration No. 100279
Applicable section: Section 138, Companies Act, 2013 Section 148, Companies Act, 2013
Appointment date: August 14, 2026 August 14, 2026
Tenure: FY2026-27 FY2026-27

Profiles of the appointed firms

Protiviti India Member Private Limited is a member of Protiviti, a global consulting firm. Protiviti and its independent and locally owned member firms provide clients with consulting and managed solutions in finance, technology, operations, data, digital, legal, HR, risk and internal audit through a network of more than 90 offices in over 25 countries.

M/s K. K. Sinha & Associates, Cost Accountants, is described as a well-established name in income tax consultancy, goods and service tax consultancy, product pricing and cost estimates, cost audit and compliance reports, cost accounting records, tax deduction at source returns, cases in appeals, liaison with departments, and central excise and service tax consultancy, among other services.

Regulatory compliance

The intimation was made pursuant to Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Details were disclosed in accordance with the SEBI Master Circular dated January 30, 2026, as amended from time to time. The disclosure was signed by Jyoti Verma, Company Secretary and Compliance Officer, on August 14, 2026.

Historical Stock Returns for Saatvik Green Energy

1 Day5 Days1 Month6 Months1 Year5 Years
+0.65%-0.93%-3.06%+19.63%0.0%0.0%

How might the engagement of a global firm like Protiviti signal Saatvik Green Energy's strategy for enhancing internal governance and risk management capabilities?

What specific cost optimization or pricing insights is M/s K. K. Sinha & Associates expected to provide that could impact Saatvik's operational efficiency in FY2026-27?

Does the simultaneous appointment of new internal and cost auditors suggest any prior compliance gaps or strategic shifts in Saatvik Green Energy's financial oversight framework?

Saatvik Green Energy Subsidiary Wins ₹138 Crore Solar PV Module Order

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Reviewed by
Anirudha BScanX News Team
Key Highlights

Saatvik Green Energy announced that its material subsidiary, Saatvik Solar Industries Private Limited, has secured a ₹138 Crore order for the supply of Solar PV Modules from a renowned domestic Independent Power Producer and EPC Player. The commercial contract, disclosed under SEBI's Listing Obligations and Disclosure Requirements Regulation, is scheduled for execution by December 2026 and involves no related party or promoter group interest.

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Saatvik Green Energy announced that its material subsidiary, Saatvik Solar Industries Private Limited, has secured a significant order worth ₹138 Crore. The order involves the supply of Solar PV Modules and was received from a renowned domestic Independent Power Producer (IPP) and EPC Player. The contract is commercial in nature and is scheduled to be executed by December 2026.

The disclosure was made to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The company confirmed that the order does not involve any interest from the promoter, promoter group, or group companies in the entity awarding the contract. Furthermore, the transaction does not fall within related party transactions.

Order Details

The specifics of the order were outlined in an annexure to the regulatory filing. The following table summarizes the key particulars of the agreement:

Particulars: Details
Name of Client Renowned Independent Power Producer/EPC Player
Nature of Order Commercial
Scope Supply of Solar PV Modules
Order Value ₹138 Crore
Execution Timeline By December 2026
Geographic Origin Domestic

The company stated that the information is also available on its official website. Saatvik Green Energy Limited, formerly known as Saatvik Green Energy Private Limited, is part of the Saatvik Group.

Historical Stock Returns for Saatvik Green Energy

1 Day5 Days1 Month6 Months1 Year5 Years
+0.65%-0.93%-3.06%+19.63%0.0%0.0%

How will this order impact Saatvik Green Energy's revenue projections for the current and upcoming fiscal years?

What are the potential margin implications for this contract given the competitive landscape in the domestic solar PV module market?

Could this order signal a trend of increased domestic demand for solar modules from independent power producers?

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