Saatvik Green Energy Limited has announced a major business development through its material subsidiary, with Saatvik Solar Industries Private Limited securing orders worth ₹108.75 crores. The company disclosed this information in a regulatory filing under Regulation 30 of SEBI Listing Regulations.

Order Details and Specifications

The substantial order has been awarded by renowned Independent Power Producers and EPC players for the supply of Solar PV Modules. This commercial contract represents a significant addition to the company's order book and demonstrates strong market demand for the subsidiary's solar energy products.

Regulatory Compliance and Transparency

Saatvik Green Energy Limited has fulfilled its regulatory obligations by providing comprehensive details as required under SEBI Listing Regulations. The company confirmed that the transaction does not involve any related party considerations, with no promoter or group company interest in the entities that awarded the orders.

Key Compliance Highlights:

• Independent Transaction: No promoter or group company involvement with order-awarding entities
• Arm's Length Dealing: Transaction does not fall under related party category
• Regulatory Filing: Complete disclosure under Regulation 30 of SEBI Listing Regulations
• Public Access: Information made available on company website

Business Impact and Execution

The order aggregating ₹108.75 crores will be executed through Saatvik Solar Industries Private Limited, which operates as a material subsidiary of the parent company. The September 2026 execution timeline provides a clear framework for delivery and revenue recognition. This development strengthens the company's position in India's growing solar energy market and reflects the subsidiary's manufacturing capabilities in photovoltaic module production.

Saatvik Green Energy Limited operates as part of the Saatvik Group with its corporate office located in Gurugram, Haryana. The company maintains transparency through regular regulatory disclosures and comprehensive stakeholder communication.

Saatvik Green Energy Limited has announced the resignation of its Chief Financial Officer, Mr. Abani Kant Jha, effective April 07, 2026. Following a clarification sought by BSE Limited, the company provided updated details confirming that Mr. Jha is stepping down to explore professional opportunities outside the Saatvik Group, marking a significant change in the senior management structure.

Resignation Details and BSE Clarification

The company submitted an updated communication to stock exchanges on April 09, 2026, in response to BSE's request for clarification regarding the reason for resignation. Mr. Abani Kant Jha tendered his resignation from the position of Chief Financial Officer to explore professional opportunities outside the Saatvik Group with effect from April 07, 2026. As a Key Managerial Personnel of the company, his departure represents a notable transition in leadership.

Regulatory Compliance

The resignation disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company referenced the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 in its filing. The updated resignation letter was submitted as Annexure-A, providing all relevant details in the prescribed format as required under the 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, Plot No. 3, Institutional Area, Sector 32, Gurugram, Haryana. The resignation information has been made available on the company's website at saatvikgroup.com.

In his updated resignation letter dated April 09, 2026, Mr. Jha expressed gratitude to the Board, management, and team for the opportunity to contribute to the organization's growth journey. He described his association with the company as an enriching and rewarding experience while wishing continued success for the company's future endeavors. The letter was digitally signed by Managing Director Manik Garg and submitted to both BSE Limited and National Stock Exchange of India Limited.