Saatvik Green Energy Limited has submitted a report to BSE Limited and National Stock Exchange of India Limited regarding violations under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosure, dated April 23, 2026, was made in the format prescribed by SEBI vide Circular No. SEBI/HO/ISD/ISD/CIR/P/2020/135 dated July 23, 2020, concerning the company's Code of Conduct for Insider Trading.

Details of the Violation

The violation pertains to a contra trade involving Chetan Gopalkrishna Dhundele, Assistant General Manager (Finance & Accounts) at Saatvik Green Energy Limited, and his immediate relative Sanchi Jain. According to the report, shares sold were acquired by the relative of the designated person, which resulted in a contra trade. The company noted that the traded value was less than Rs. 10 Lakhs in the calendar quarter, making certain intimations under regulation 7 of SEBI (PIT) Regulations, 2015 not applicable.

Company Response and Action Taken

In response to the violation, Saatvik Green Energy Limited issued a warning letter to the designated person. The company recorded in writing that the warning was issued considering that the volume of the trade was insignificant and that the trade was executed inadvertently, without any intention to violate the SEBI (Prohibition of Insider Trading) Regulations, 2015 or to make any undue gains.

Key Information Summary

The report was signed by Manik Garg, Managing Director of Saatvik Green Energy Limited, on April 23, 2026. The company confirmed that there were no previous instances of violations since the last financial year and no amount was collected for the violation.

Saatvik Green Energy Limited has announced that its material subsidiary, Saatvik Solar Industries Private Limited, has secured a substantial contract worth ₹71.25 crore for the supply of solar photovoltaic (PV) modules. The order was received from a renowned Independent Power producer/EPC Player, marking a significant milestone for the renewable energy company.

Regulatory Disclosure

The company made the announcement through a formal disclosure to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The notification was filed with both BSE Limited and National Stock Exchange of India Limited, demonstrating the materiality of this business development.

Contract Specifications

According to the regulatory filing, the order is commercial in nature and involves domestic operations. The contract does not fall under related party transactions, and the promoter group has no interest in the entity that awarded the order. This ensures arm's length transaction principles are maintained.

Business Impact

This substantial order win reinforces Saatvik Green Energy's position in India's expanding solar energy market. The extended timeline until May 2026 provides revenue visibility and operational stability for the company's solar module manufacturing and supply operations. The contract demonstrates the growing demand for renewable energy solutions and the company's capability to secure large-scale infrastructure projects.

The successful acquisition of this order reflects the subsidiary's manufacturing capabilities and market positioning in the competitive solar PV module supply chain. With India's renewable energy sector experiencing robust growth, such significant contracts are crucial for establishing a strong market presence.