Solex Energy joins Solex Foundation as related party

Solex Energy Limited has approved becoming a member of Solex Foundation, a related party transaction, to advance its corporate social responsibility (CSR) objectives. The company has been admitted as a Guarantor Member to the extent of a guarantee not exceeding Rs. 400. This move does not impact the core commercial business lines of the company.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction is classified as a related party transaction because the directors of the company are also members of the Foundation. No governmental or regulatory approvals are required for this acquisition.

Solex Foundation is a Section 8 Company not having share capital and limited by guarantee. It was incorporated on March 11, 2026, and operates as a non-profit organisation in India. Since it is a newly incorporated entity, its turnover is not applicable.

The details of the transaction are outlined in the table below:

Sr. No.	Particulars	Details
1	Name of the target entity	Name: Solex Foundation Type: Section 8 Company Not having Share Capital Limited by Guarantee Turnover: Not Applicable - Newly Incorporated
2	Related Party Transaction	Yes Promoter Interest: Yes, the Directors of the company are also the members of Foundation
3	Industry	Non-Profit Organisation
4	Objects and effects of acquisition	The Company has joined the Foundation to advance its CSR objectives. The activities do not impact the core commercial business lines of the Company.
5	Governmental or regulatory approvals	Not Applicable
6	Indicative time period for completion	Not Applicable
7	Nature of consideration	Not Applicable
8	Cost of acquisition	The company has been admitted as a Guarantor Member to the extent of guarantee not exceeding Rs. 400/-
9	Percentage of shareholding / control acquired	Not Applicable
10	Brief background	Line of Business: Section 8 Company Not having Share Capital Limited by Guarantee Date of Incorporation: March 11, 2026 Country: India Turnover History: Not Applicable

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.93%	-7.11%	-17.21%	-8.32%	-35.99%	+1,704.35%

Solex Energy has secured a work order worth ₹628.37 crore from a global renewable energy group for the supply of N-Type TOPCon G12R Glass-to-Glass Solar PV Modules. The order, announced on July 9, 2026, includes modules rated at 615 Wp and 620 Wp, with the total contract value inclusive of all applicable duties and taxes. This development reinforces the company's position as a manufacturing partner for large-scale renewable energy projects and highlights the growing confidence of global developers in its photovoltaic technologies.

Order Details

The key specifications of the order are outlined below:

Parameter	Details
Order Value	₹628.37 crore
Module Type	N-Type TOPCon G12R Glass-to-Glass Solar PV Modules
Power Ratings	615 Wp and 620 Wp
Date of Announcement	July 9, 2026

Manufacturing and Standards

Solex Energy manufactures its solar modules at state-of-the-art facilities in Surat, Gujarat. The company's products are certified to global quality standards, including IEC, CE, UL, CEC, BIS, EPD, and KIWA PVEL 2026. Additionally, the modules are listed under the Ministry of New and Renewable Energy's (MNRE) Approved List of Models and Manufacturers (ALMM).

The company operates a 4 GW production capacity for photovoltaic modules at its Industry 4.0 enabled facility in Tadkeshwar, Gujarat. With nearly three decades of presence in the solar sector, Solex Energy continues to expand its partnerships across utility, commercial, industrial, and public sector installations.