Saatvik Green Energy Limited has formally announced the resignation of its Company Secretary and Compliance Officer, marking a significant change in the company's key managerial personnel. The announcement was made to stock exchanges on December 22, 2025, in compliance with regulatory requirements.

Resignation Details

Mr. Bhagya Hasija has tendered his resignation from the position of Company Secretary and Compliance Officer, a key managerial personnel role at Saatvik Green Energy Limited. The resignation was submitted through a formal letter dated December 22, 2025.

Professional Transition

In his resignation letter addressed to the Board of Directors, Mr. Hasija stated his intention to explore professional opportunities outside the Saatvik Group that are aligned with his long-term professional objectives. He expressed gratitude to the Board of Directors for their trust and confidence during his tenure with the company.

Mr. Hasija acknowledged the valuable knowledge and experience gained while working with the company, particularly in managing diverse and challenging situations over the past year. He described these experiences as invaluable to his professional growth and extended his best wishes to colleagues and the company for continued success.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to both BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed under scrip code 544526 and symbol SAATVIKGL respectively.

Saatvik Green Energy Limited has also made the information available on its official website at https://saatvikgroup.com as part of its transparency commitments. The company will ensure submission of requisite intimations to stock exchanges and filing of necessary e-forms with the Registrar of Companies as required by regulations.

Company Background

Saatvik Green Energy Limited, formerly known as Saatvik Green Energy Private Limited, operates as part of the Saatvik Group. The company maintains its corporate office at Tower A, IFFCO Complex, Plot No. 3, Institutional Area, Sector 32, Gurugram, Haryana, while its registered office is located at Village Dubli, V.P.O. Bihta, Tehsil Ambala, Haryana.

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.