Sahaj Solar has announced that its wholly-owned subsidiary, Sahaj Renewable Energy Trading – FZCO, has executed a Shareholders' Agreement with Clarion Investment LLC. The agreement, signed on May 18, 2026, establishes a Joint Venture Company named Sahaj Energy Solar Panels Manufacturing LLC. The primary objective of this joint venture is to develop and establish a solar panel manufacturing facility in the United Arab Emirates with a capacity of 750 MW.

Joint Venture Structure and Governance

The newly formed Joint Venture Company will see equal ownership between the two partners. Both Sahaj Renewable Energy Trading – FZCO and Clarion Investment LLC will hold 50% of the shares respectively. Neither party holds any shares in the other prior to this agreement. Clarion Investment LLC is not related to the promoter or promoter group of Sahaj Solar Limited.

Governance of the Joint Venture Company will be balanced, with each partner holding the right to appoint one Director to the Board. The Board will be responsible for overseeing, supervising, and strategizing the operations and affairs of the company.

Key Transaction Details

The significant terms and details of the agreement are summarized below:

Sahaj Solar Limited has announced securing a substantial order worth ₹64 crores, marking a significant business development for the renewable energy company. This order represents a notable addition to the company's project pipeline and demonstrates continued market confidence in its solar energy solutions.

Order Details and Business Impact

The secured order valued at ₹64 crores constitutes a material business win for Sahaj Solar Limited. With the company's current market capitalization standing at ₹340 crores, this order represents approximately 18.8% of the company's market value, underscoring its significance for the organization's financial performance.

Company Profile

Sahaj Solar Limited operates in the renewable energy sector, focusing on solar energy solutions. The company is listed on the SME (Small and Medium Enterprises) segment, which caters to smaller companies seeking capital market access while maintaining simplified compliance requirements compared to the main board listings.

Market Significance

The order win demonstrates the company's ability to secure substantial contracts in the competitive solar energy market. For an SME-listed company with a market capitalization of ₹340 crores, securing orders of this magnitude reflects strong operational capabilities and market positioning within the renewable energy sector.

This development adds to Sahaj Solar's order book and provides visibility for future revenue generation, which is particularly significant for companies in the capital-intensive solar energy industry where project wins directly translate to business growth opportunities.