Saatvik Green Energy Limited has announced a major business development through its material subsidiary, Saatvik Solar Industries Private Limited, which has secured a substantial order worth ₹486.00 crores for solar photovoltaic module supply. The order comes from a renowned independent power producer, marking a significant milestone for the company's solar energy business segment.

Order Details and Commercial Terms

The comprehensive order details reveal the scope and nature of this significant business win:

The order specifically involves the supply of solar photovoltaic modules, positioning Saatvik Solar Industries Private Limited as a key supplier in India's expanding renewable energy sector. The domestic nature of the order underscores the company's strong presence in the Indian solar market.

Corporate Structure and Compliance

Saatvik Solar Industries Private Limited operates as a material subsidiary of Saatvik Green Energy Limited, formerly known as Saatvik Green Energy Private Limited. The parent company announced this development in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Key compliance aspects of the order include:

• No promoter/promoter group/group companies have any interest in the entity that awarded the order
• The transaction does not fall within related party transactions
• The order represents an arm's length commercial arrangement

Business Impact and Timeline

The ₹486.00 crore order provides substantial revenue visibility for Saatvik Solar Industries Private Limited with a clear execution timeline extending to December 2026. This timeline allows for systematic planning and execution of the solar PV module supply, ensuring quality delivery while managing operational efficiency.

The order reinforces the company's position in India's renewable energy ecosystem, particularly in the solar photovoltaic segment. With the order coming from a renowned independent power producer/EPC player, it validates the subsidiary's manufacturing capabilities and market reputation in the competitive solar module supply industry.

Regulatory Disclosure

Saatvik Green Energy Limited has fulfilled all regulatory requirements under SEBI guidelines, providing comprehensive details as mandated by SEBI Master Circular dated November 11, 2024, and subsequent amendments. The company has made this information available on its website at https://saatvikgroup.com , ensuring transparency for all stakeholders including investors and regulatory authorities.

Saatvik Green Energy Limited has secured a significant order worth ₹13.50 crores (exclusive of GST) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for solar water pumping systems. The comprehensive contract covers the design, manufacture, supply, transport, installation, testing and commissioning of 815 off-grid DC solar photovoltaic water pumping systems under the Magel Tyala Saur Krushi Pump Yojana/PM KUSUM B scheme.

Order Specifications and Scope

The order encompasses solar water pumping systems of varying capacities including 3HP, 5HP and 7.5HP units to be installed at identified farmer sites across districts in Maharashtra. The contract includes a complete system warranty along with repair, maintenance and remote monitoring system support for five years, demonstrating the company's commitment to long-term service delivery.

PM KUSUM B Scheme Integration

The project falls under the PM KUSUM B scheme, a government initiative aimed at promoting solar-powered agricultural equipment and reducing farmers' dependence on grid electricity. This strategic alignment with government policy positions Saatvik Green Energy favorably in the policy-driven renewable energy market, particularly in Maharashtra's agricultural sector.

Execution Timeline and Service Commitment

Saatvik Green Energy has committed to completing the installation and commissioning of all solar photovoltaic water pumping systems within 60 days from the date of issuance of Notice to Proceed (NTP) or work order from the circle office. The company's comprehensive service offering includes remote monitoring capabilities, ensuring efficient operation and maintenance throughout the five-year warranty period.

Regulatory Compliance and Transparency

The company has confirmed that this order represents a domestic contract with no related party transactions involved. The order details have been disclosed in compliance with SEBI Listing Regulations under Regulation 30, ensuring complete transparency with stakeholders and regulatory authorities.