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.

Saatvik Green Energy Limited has submitted its quarterly compliance certificate to the stock exchanges for the quarter ended March 31, 2026. The filing, made on April 13, 2026, confirms the company's adherence to regulatory requirements under SEBI depository regulations.

Regulatory Compliance Certificate

The certificate was issued by KFin Technologies Limited, which serves as the registrar and share transfer agent for Saatvik Green Energy Limited. The document confirms compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Stock Exchange Notification

The compliance certificate was formally submitted to both major Indian stock exchanges where the company's shares are listed. The notification was signed by Manik Garg, Managing Director of Saatvik Green Energy Limited, and addressed to the listing departments of both exchanges.

The certificate specifically confirms that details of securities dematerialized and rematerialized during the quarter have been properly furnished to all stock exchanges where the company's shares are traded, as mandated by the regulatory framework.

Depository Services Compliance

Copies of the compliance certificate were also provided to the key depository institutions in India. This includes Central Depository Services (India) Limited and National Securities Depository Limited, ensuring comprehensive regulatory compliance across all relevant authorities.

KFin Technologies Limited, through Deputy Vice President Ganesh Chandra Patro, certified that all required details regarding securities transactions during the quarter have been appropriately disclosed to the concerned stock exchanges.

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 in Gurugram, Haryana, while its registered office is located in Village Dubli, Haryana. This quarterly filing represents part of the company's ongoing commitment to regulatory compliance and transparency in its operations.