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 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.