GK Energy Limited has received a Letter of Empanelment/Letter of Award from Maharashtra State Electricity Distribution Company Limited for the supply and installation of solar pump systems. The project represents a significant milestone for the infrastructure developer as it expands its renewable energy portfolio under the government's flagship solar energy initiative.

Project Specifications

The approved project encompasses comprehensive solar energy infrastructure designed to support agricultural operations across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana/PM Kusum B Scheme. The scope includes design, manufacture, supply, transport, installation, testing and commissioning services.

Implementation Timeline

The project comes with an aggressive implementation schedule, requiring GK Energy Limited to complete the installation of all 13,239 systems within 60 days from the issuance of work order/Notice to Proceed (NTP) from the circle office. This timeline reflects the urgency of Maharashtra's renewable energy initiatives and the state's commitment to supporting agricultural communities with sustainable power solutions.

The off-grid DC solar photovoltaic water pumping systems are designed to provide reliable water pumping solutions for agricultural applications, reducing dependence on conventional electricity sources. These systems will enable farmers across Maharashtra to access consistent water supply for irrigation while contributing to the state's renewable energy targets.

Regulatory Compliance

The company has made the disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The contract has been awarded by a domestic entity, and the company has confirmed that promoters/promoter group/group companies have no interest in the awarding entity. The transaction does not fall within related party transactions.

Business Impact

This contract represents a substantial addition to GK Energy Limited's order book, with the ₹366.63 crore value demonstrating the company's capability to secure large-scale infrastructure projects. The project aligns with the company's focus on infrastructure development and renewable energy solutions, particularly in the solar energy segment. The successful execution of this project will establish GK Energy Limited's credentials in Maharashtra's renewable energy sector and potentially open doors for additional contracts with state electricity distribution companies across India.

GK Energy Limited has informed stock exchanges about the resignation of a key senior management personnel, marking a significant leadership transition within the company's installation and commissioning division.

Senior Management Departure

Mr. Prashant M. Jadhav, who serves as Assistant General Manager - Installation and Commissioning and is designated as Senior Management Personnel (SMP), has tendered his resignation effective from the close of business hours on December 25, 2025. The resignation letter was submitted on December 10, 2025.

Reason for Departure

In his resignation letter addressed to Mr. Mehul Ajit Shah, Whole Time Director and COO, Mr. Jadhav stated that he is leaving "in order to pursue new challenges and opportunities." He expressed appreciation for the support and opportunities received during his tenure at the company, describing his experience as "valuable and enriching."

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to both the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with listing regulations for senior management personnel changes.

Company Acknowledgment

Mr. Jadhav acknowledged the collaborative working environment and expressed gratitude for the opportunity to contribute to the organization's growth and success during his tenure with the GK Energy team. The resignation follows proper corporate governance protocols with adequate notice period provided to ensure smooth transition of responsibilities.