Solarium Green Energy Limited has received credit rating assignments from CARE Ratings Limited for its bank facilities worth ₹97.00 crore. The company announced this development on January 31, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Credit Rating Details

CARE Ratings Limited has assigned ratings to two categories of bank facilities for the renewable energy company:

The ratings were initially assigned on September 01, 2025, and have been reconfirmed through the latest communication dated January 30, 2026.

Facility Structure and Banking Partners

The rated facilities are structured across multiple banking relationships with specific terms and conditions:

Long-Term Facilities (₹50.00 crore):

• HDFC Bank Ltd.: ₹50.00 crore term loan
• Door-to-door tenure of 5 years with 6 months moratorium
• Repayable in equal installments from January 2026

Long-Term/Short-Term Facilities (₹47.00 crore):

Rating Significance and Compliance

The BBB- rating indicates adequate credit quality with moderate credit risk, while the stable outlook suggests that the rating is unlikely to change in the near term. The A3 short-term rating reflects adequate liquidity and timely payment capability for short-term obligations.

CARE Ratings reserves the right to revise, reaffirm, or withdraw the assigned ratings based on periodic reviews and surveillance. The rating agency emphasizes that these ratings are opinions on the likelihood of timely payment and are not recommendations for sanctioning, renewing, or recalling bank facilities.

The company has made this information available on its website at www.solariumenergy.in and has submitted the complete rating documentation to BSE Limited for regulatory compliance.

Source: Exclusive

Solarium Green Energy Limited announced significant organizational changes following its Board of Directors meeting held on January 09, 2026. The company has made strategic appointments to strengthen its financial management and governance framework as part of its growth strategy.

Key Leadership Changes

The board approved major changes in the company's leadership structure, focusing on financial management and business development roles. These changes reflect the company's commitment to enhancing operational efficiency and supporting long-term growth objectives.

CFO Transition and New Appointment

Mr. Himanshu Garg, who previously served as Chief Financial Officer and Key Managerial Personnel, has been redesignated as President – Growth and International Business, along with Business Finance responsibilities. This change was made on the recommendation of the Nomination and Remuneration Committee.

Simultaneously, the board appointed Mr. Rohit Jindal as the new Chief Financial Officer and Key Managerial Personnel. Mr. Jindal brings over 13 years of experience in financial management, compliance, and governance across high-growth startups and established companies. His expertise spans financial planning & analysis, budgeting, working capital management, treasury operations, and implementing internal control systems.

Auditor Appointments for FY 2025-26

The company has appointed new auditors to ensure robust compliance and internal control systems for the upcoming financial year.

Secretarial Auditor Profile

M/s. SCS and CO LLP, led by CS Anjali Sangtani, brings over 9 years of expertise in Company Law, Corporate Law, and SEBI Regulations. The firm has managed a portfolio of 35+ listed companies and handled key corporate events including stock splits, direct listings, and share issuances. Their services include:

• Secretarial and compliance services for listed/unlisted companies
• SEBI Laws and Listing Regulations compliance
• Corporate restructuring and merger/amalgamation services
• Pre-IPO secretarial work and public offerings

Internal Auditor Credentials

M/s. Anil Bohra and Associates, established in 2016, is led by CA Anil Bohra who brings 21 years of expertise in audit services. The firm specializes in:

• Comprehensive audits of companies, firms, and proprietorship firms
• Internal audits and risk management
• Corporate law matters and compliance
• Income tax consultancy

Strategic Rationale

The appointment of Mr. Rohit Jindal as CFO has been made to further strengthen the company's financial management and governance framework in line with its growing business operations. His extensive experience in financial planning, treasury operations, and scaling finance operations across multiple organizations is expected to support the company's financial functions and long-term growth strategy.

Mr. Jindal has previously held senior leadership positions at organizations including FarMart, DeHaat, Bizongo, BlackBuck, and CJ Darcl Logistics, where he worked on financial reporting, statutory and internal audits, investor due diligence, and mergers & acquisitions.

Board Meeting Details

The Board of Directors meeting was held at the company's registered office at B-1208 World Trade Tower, Makarba, Ahmedabad, Gujarat, from 06:00 P.M. to 07:00 P.M. on January 09, 2026. All appointments and changes were approved in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and relevant SEBI circulars.