Saatvik Green Energy Subsidiary Secures 185-Acre Land Lease in Madhya Pradesh for ₹11.17 Crore

Saatvik Green Energy Limited has announced that its material subsidiary, Saatvik Solar Industries Private Limited, has entered into a significant lease agreement for manufacturing expansion. The regulatory disclosure under SEBI Listing Regulations confirms the strategic land acquisition in Madhya Pradesh's industrial zone.

Land Lease Agreement Details

Saatvik Solar Industries Private Limited has executed a lease deed with M P Industrial Development Corporation Limited for a substantial land parcel. The agreement provides long-term operational security for the company's manufacturing expansion plans in the renewable energy sector.

Parameter:	Details
Land Area:	185 acres (748,668 sq.mt.)
Lease Value:	₹11.17 crore
Lease Tenure:	99 years
Location:	Plot No. 5, Industrial Area, Mohasa-Babai, Phase 2
District:	Narmadapuram, Madhya Pradesh
Purpose:	Manufacturing Zone for Power and Renewable Energy Equipment

Strategic Manufacturing Expansion

The acquired land is designated specifically for manufacturing operations in the power and renewable energy equipment sector. According to the company's disclosure, this lease agreement is intended to support future capacity expansion and operational synergies with existing facilities, strengthening the long-term growth strategy.

Regulatory Compliance and Disclosure

The transaction has been disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reflecting its material nature for the company. The lease agreement does not involve any related party transactions and has been executed at arm's length with M P Industrial Development Corporation Limited.

Transaction Details:	Information
Lessor:	M P Industrial Development Corporation Limited
Lessee:	Saatvik Solar Industries Private Limited
Related Party Transaction:	No
Consideration:	₹11.17 crore (excluding other charges)
Disclosure Date:	March 25, 2026

The 99-year lease tenure provides the subsidiary with substantial operational stability and planning horizon for establishing comprehensive manufacturing operations in the renewable energy sector.

Saatvik Green Energy Limited has announced that it has received a Bronze Medal rating from EcoVadis, one of the world's most trusted sustainability rating platforms. The recognition underscores the company's commitment to sustainable business practices and environmental stewardship.

EcoVadis Rating Achievement

The company achieved a notable performance in EcoVadis' comprehensive sustainability assessment:

Parameter:	Details
Rating:	Bronze Medal
Score:	69/100
Global Percentile:	79th percentile
Assessment Platform:	EcoVadis

This achievement places Saatvik Green Energy Limited in the 79th percentile among all companies assessed by EcoVadis globally, demonstrating strong performance in sustainability metrics compared to international peers.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in accordance with the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. This regulatory filing ensures transparency and keeps stakeholders informed about material developments affecting the company.

About EcoVadis

EcoVadis is recognized as one of the world's most trusted sustainability rating platforms, providing comprehensive assessments of companies' environmental, social, and governance practices. The Bronze Medal rating reflects Saatvik Green Energy Limited's dedication to maintaining high standards in sustainability performance across various operational parameters.

The company has made this information available on its official website at saatvikgroup.com, ensuring accessibility for all stakeholders and maintaining transparency in its sustainability achievements.