Saatvik Green Energy Limited has announced a significant business development through its material subsidiary, with Saatvik Solar Industries Private Limited securing a substantial order for solar photovoltaic module supply. The order, valued at ₹13.80 crores, represents a notable addition to the company's order book and reinforces its position in India's growing solar energy sector.

Order Details and Specifications

The commercial order has been awarded by a renowned domestic Independent Power Producer/EPC player for the supply of solar PV modules. The contract specifications and key parameters are outlined below:

Regulatory Compliance and Transparency

Saatvik Green Energy Limited disclosed this information in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The announcement was made through official communication to both BSE Limited and National Stock Exchange of India Limited on January 09, 2026.

The company has confirmed that this transaction maintains complete independence from any related party dealings. Key compliance aspects include:

• No promoter or promoter group interest in the awarding entity
• Transaction does not fall under related party category
• Full compliance with SEBI Master Circular requirements
• Transparent disclosure of all material terms

Strategic Significance

This order win demonstrates the operational capabilities of Saatvik Solar Industries Private Limited in securing contracts from established players in India's renewable energy sector. The domestic nature of the order aligns with the government's focus on local manufacturing and supply chain development in the solar energy segment.

The February 2026 execution timeline provides a clear delivery framework, allowing the subsidiary to plan production and logistics efficiently. The commercial nature of the contract indicates standard market terms without any special arrangements or concessions.

Corporate Structure

Saatvik Green Energy Limited, formerly known as Saatvik Green Energy Private Limited, operates as part of the Saatvik Group. The company is listed on both BSE (Scrip Code: 544526) and NSE (Symbol: SAATVIKGL), with its corporate office located in Gurugram, Haryana. The material subsidiary, Saatvik Solar Industries Private Limited, serves as the operational arm for solar module manufacturing and supply activities.

Saatvik Green Energy Limited has issued a formal clarification to BSE Limited and National Stock Exchange of India Limited regarding media reports about an order received by its wholly owned subsidiary. The clarification, dated January 09, 2026, addresses discrepancies in reported order values and reaffirms the company's compliance with regulatory disclosure requirements.

Order Details and Accurate Value

The company confirmed that Saatvik Cleantech EPC Private Limited, its wholly owned subsidiary, received and accepted an order from a reputed solar developer. The project involves Design, Engineering, Procurement, Supply, Testing, and Commissioning of a solar project as a turnkey EPC solution.

Media Reporting Discrepancy

The clarification was prompted by inconsistent reporting across various media outlets. While multiple reputable publications accurately reported the order value, one major publication provided incorrect information.

Accurate Reporting: Several media outlets including NDTV Profit, Press Trust of India, News18, Solar Quarter, Passionate in Marketing, Rediff Money, Scanx.trade, Market Screener, Trade Brains, and Devdiscourse correctly reported the order value as ₹20.84 crore.

Inaccurate Reporting: Business Standard reported the order value as ₹29.00 crore, which the company has confirmed as incorrect.

Regulatory Compliance and Prior Disclosure

Saatvik Green Energy emphasized its adherence to regulatory requirements and timely disclosure practices. The company had previously submitted the required intimation to both stock exchanges on January 08, 2026, under reference SGEL/SE/2025-26/46, pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company confirmed compliance with multiple SEBI guidelines:

• SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
• SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025

Company Response and Assurance

In its communication to the stock exchanges, Saatvik Green Energy reaffirmed its commitment to transparent and timely disclosure of material information. The company assured stakeholders that all required information under SEBI Listing Regulations has been disclosed appropriately and that it maintains regular compliance with Regulation 30 requirements for material event disclosures.

The clarification letter was signed by Bhagya Hasija, Company Secretary and Compliance Officer, and submitted to both BSE Limited (Scrip Code: 544526) and National Stock Exchange of India Limited (Symbol: SAATVIKGL) for record purposes.