Saatvik Green Energy Limited has announced the commencement of operations at its new 2 GW film manufacturing facility, representing a major step forward in the company's strategic expansion plans. This development aims to strengthen the company's manufacturing capabilities in the renewable energy sector while supporting domestic production initiatives.

Strategic Manufacturing Expansion

The launch of the 2 GW film manufacturing facility marks a significant milestone for Saatvik Green Energy Limited. The facility is designed to enhance the company's production capacity and manufacturing capabilities in the renewable energy space.

Potential Vertical Integration Benefits

The new manufacturing facility is expected to provide several strategic advantages for Saatvik Green Energy Limited:

• Enhanced vertical integration across the production value chain
• Improved supply chain independence and reduced external dependencies
• Greater control over manufacturing processes and quality standards
• Strengthened operational efficiency and cost management

Supporting Make In India Initiative

The facility launch demonstrates Saatvik Green Energy Limited's commitment to supporting the government's Make In India initiative. By establishing domestic manufacturing capabilities, the company aims to contribute to the broader goal of reducing import dependencies and strengthening India's renewable energy manufacturing ecosystem.

This development reflects the company's strategic focus on building comprehensive manufacturing capabilities while aligning with national policy objectives for domestic production and self-reliance in the renewable energy sector.

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.