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.

Saatvik Green Energy Limited has strengthened its order book with a new ₹20.84 crore contract secured by its wholly owned subsidiary, Saatvik Cleantech EPC Private Limited. The order comes from a renowned solar developer and represents another milestone in the company's expanding EPC business segment.

Project Details and Timeline

The comprehensive contract encompasses the complete project lifecycle, including design, engineering, procurement, supply, testing, and commissioning of a turnkey solar EPC project. The company has committed to executing the project by the end of March 2026, demonstrating its capability to deliver within tight timelines.

Recent Order Wins

This latest contract follows another significant order secured in December from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL). The MSEDCL contract, valued at approximately ₹16.74 crore, involves comprehensive services for off-grid DC solar photovoltaic water pumping systems under the Magel Tyala Saur Krushi Pump Yojana/PM KUSUM B scheme.

The MSEDCL order includes:

• 1,000 solar PV water pumps with capacities of 3 HP, 5 HP, and 7.5 HP
• Installation at identified farmer sites across Maharashtra
• Five-year comprehensive warranty and maintenance support
• Remote monitoring system implementation

Strong Financial Performance

Saatvik Green Energy has demonstrated robust financial growth in recent quarters. The company's operational performance shows significant momentum across key financial metrics.

Business Portfolio and Market Position

Saatvik Green Energy operates as a fully integrated renewable energy manufacturing company with capabilities spanning module manufacturing, EPC services, and operations & maintenance. As of Q1 FY26, the company maintained a substantial order book of 4.05 GW for solar PV modules.

The company's module revenue mix reflects its focus on next-generation technology:

• N-TopCon modules: 78.27% of revenue mix
• Mono PERC modules: 18.80% of revenue mix

Stock Performance

Shares of Saatvik Green Energy were trading at ₹412.40 on BSE, down over 1% from the previous closing price of ₹417.65, with a market capitalization of ₹5,241.80 crores. The company made its stock market debut in September 2025, raising ₹900 crore through its IPO, which included a ₹700 crore fresh issue and ₹200 crore offer for sale. The stock has delivered positive returns of more than 10% in 2026.