Solarworld Energy Solutions Limited has announced a strategic partnership through its wholly owned subsidiary ZNShine Solarworld Private Limited, which has signed a non-binding Memorandum of Understanding with Intelenergi Global Private Limited on February 24, 2026. The agreement establishes a framework for cooperation in the marketing and supply of solar photovoltaic modules manufactured at ZNShine's Roorkee facility.

Agreement Overview

The MoU outlines mutual understanding between the parties for cooperation in marketing and supply of solar photovoltaic modules, with an indicative capacity of 25 MW during the validity period. This domestic partnership aims to strengthen ZNShine's market presence in India's retail solar segment while exploring export opportunities.

Key Terms and Responsibilities

Under the agreement, both parties have defined roles and responsibilities to ensure effective collaboration in the solar module business.

ZNShine's Commitments:

• Offer solar modules for marketing to IGPL
• Supply modules manufactured at Roorkee facility
• Facilitate exports to approved markets
• Allocate production subject to confirmed Purchase Orders

IGPL's Responsibilities:

• Market modules in retail channel across India
• Develop export opportunities in approved markets
• Provide quarterly demand forecasts
• Ensure compliance with brand and technical guidelines

Transaction Details

The company has confirmed that this agreement does not involve any related party transactions and will be conducted at arm's length. No shareholding exists between the parties, and there are no relationships with promoter or promoter group entities. The consideration details will be governed by commercial terms outlined in the MoU.

Regulatory Compliance

Solarworld Energy Solutions Limited has made this disclosure pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and SEBI Master Circular dated January 30, 2026. The company has informed both BSE Limited and National Stock Exchange of India about this strategic partnership to ensure full regulatory compliance and transparency with stakeholders.

Solarworld Energy Solutions has reported a robust financial performance for the third quarter, with consolidated net profit increasing to 492 million rupees from 427 million rupees in the same period last year. The company achieved a year-on-year growth of 15.2% in its bottom line, reflecting strong operational performance.

Financial Performance Overview

The renewable energy company's quarterly results demonstrate consistent growth trajectory in profitability. The consolidated net profit figures highlight the company's ability to maintain upward momentum in its financial performance.

Business Performance

The year-on-year improvement in consolidated net profit indicates Solarworld Energy Solutions' strengthening market position in the renewable energy sector. The 65 million rupees increase in net profit demonstrates the company's enhanced operational efficiency and revenue generation capabilities.

The positive financial results reflect the company's continued focus on delivering value to stakeholders while maintaining growth in the competitive solar energy market. This performance positions the company favorably as it continues to expand its presence in the renewable energy landscape.