Saatvik Green Energy Incorporates Wholly Owned Subsidiary for Energy Storage Business

Saatvik Green Energy Limited has incorporated a wholly owned subsidiary to expand its presence in the energy storage sector. The company informed stock exchanges about the establishment of Saatvik Power Storage Solutions Limited on March 09, 2026, in compliance with regulatory disclosure requirements.

Subsidiary Details and Business Focus

Saatvik Power Storage Solutions Limited has been incorporated as a wholly owned subsidiary of Saatvik Green Energy Limited in India. The new entity will operate in the renewable energy sector, with a specific focus on batteries and energy storage systems business.

Parameter:	Details
Entity Name:	Saatvik Power Storage Solutions Limited
Date of Incorporation:	March 09, 2026
Country:	India
Industry:	Renewable Energy
Business Line:	Batteries and energy storage systems

Capital Structure and Shareholding

The subsidiary has been established with a defined capital structure, with Saatvik Green Energy Limited maintaining complete ownership and control.

Financial Details:	Specifications
Authorized Capital:	Rs. 10,00,000
Share Structure:	1,00,000 equity shares of Rs. 10 each
Shareholding by Parent:	100%
Nature of Consideration:	Cash

Regulatory Compliance

The company received confirmation of the incorporation on March 09, 2026 at 08:15 p.m. IST. Saatvik Green Energy Limited has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing both BSE Limited and National Stock Exchange of India Limited about the subsidiary incorporation.

The incorporation did not require any specific governmental or regulatory approvals beyond the standard incorporation process. The company has made the information available on its website at saatvikgroup.com as part of its transparency and disclosure practices.

Saatvik Green Energy Limited has announced a major business win with the securing of a ₹87.10 crores order for solar photovoltaic (PV) modules from a renowned Independent Power Producer (IPP) and Engineering, Procurement, and Construction (EPC) company. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI Listing Regulations, highlighting the commercial nature of this domestic contract.

Order Specifications and Timeline

The contract encompasses the supply of solar PV modules to one of India's leading IPP/EPC firms, with execution scheduled to be completed by March 2026. This timeline provides clear visibility on the revenue recognition period for this substantial order.

Parameter:	Details
Order Value:	₹87.10 crores
Product Type:	Solar PV Modules
Client Category:	Renowned IPP/EPC Player
Execution Timeline:	By March 2026
Contract Nature:	Commercial, Domestic

Regulatory Compliance and Transparency

Saatvik Green Energy Limited has ensured full regulatory compliance by filing the mandatory disclosure under SEBI Listing Regulations. The company confirmed that this transaction does not involve any related party dealings and maintains arm's length commercial terms. Additionally, the promoter group has no interest in the entity that awarded the contract, ensuring transaction independence.

Market Positioning and Business Impact

This order win significantly strengthens Saatvik Green Energy's position in India's rapidly expanding renewable energy sector. The company's ability to secure contracts from established IPP and EPC players demonstrates its competitive capabilities in the solar module manufacturing and supply chain. The ₹87.10 crores contract represents a notable addition to the company's order book and provides clear revenue visibility through March 2026.

The solar energy sector continues to witness robust growth in India, driven by government initiatives and increasing corporate adoption of renewable energy solutions. Saatvik Green Energy's success in winning this substantial order reflects the company's potential to capitalize on these market opportunities and enhance its credibility in the competitive solar energy equipment sector.