Solarworld Energy Solutions Limited has initiated legal proceedings against SJVN Green Energy Limited by filing an arbitration petition under Section 9 of the Arbitration and Conciliation Act, 1996 before the Delhi High Court on January 24, 2026. The petition concerns two solar projects totaling 360 MW capacity that the company is executing for SJVN Green Energy Limited.

Project Details and Dispute Background

The dispute centers around a 260 MW project and a 100 MW project being executed by Solarworld for SJVN Green Energy Limited. According to the company's disclosure, the projects have experienced significant delays due to SJVN's inability to timely complete its contractual obligations. The contract had been suspended by SJVN until December 2025, creating operational and financial challenges for Solarworld.

SJVN has now conditionally invoked the Performance Bank Guarantee, subject to its extension by Solarworld. Rather than extending the performance bank guarantees further, the company has sought relief from the Delhi High Court and requested the release of retention amounts and other dues.

Financial Implications and Claims

The arbitration petition involves substantial financial amounts across both projects:

The total financial exposure amounts to ₹92.38 crore, with bank guarantees worth ₹13.77 crore and other claims totaling ₹78.61 crore. The company has indicated that there are no quantum of claims against it in this matter.

Legal Proceedings

The petition has been filed before the High Court of Delhi at New Delhi, with SJVN Green Energy Limited and HDFC Bank Limited named as opposing parties. The legal action represents Solarworld's effort to protect its financial interests and seek resolution for the delayed project execution.

Regulatory Compliance

Solarworld Energy Solutions has disclosed this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring transparency for investors and stakeholders regarding this significant legal development.

Solarworld Energy Solutions Limited has scheduled an earnings call with analysts and investors to discuss its Q3FY26 financial performance. The company, formerly known as Solarworld Energy Solutions Private Limited, made the announcement in compliance with regulatory requirements to both major Indian stock exchanges.

Earnings Call Details

The conference call is scheduled to take place on Wednesday, January 28, 2026 at 4:00 PM IST. The session will focus on discussing the company's unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, representing the third quarter of fiscal year 2026.

Key Participants

The earnings call will feature senior management representatives who will present the quarterly results and address investor queries. The company has confirmed participation from its core leadership team.

Conference Access Information

Investors and analysts can participate in the earnings call through multiple dial-in options. The company has provided both domestic and international access numbers to accommodate participants from different regions.

Domestic Access:

• Universal Dial-in Numbers: +91 22 6280 1550 / +91 22 7115 8378

International Toll-Free Options:

• Hong Kong: 800964448
• UK: 08081011573
• Singapore: 8001012045
• USA: 18667462133

Regulatory Compliance

The earnings call announcement was made pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Ms. Varsha Bharti (Membership No.: A37545) signed the regulatory filing on January 22, 2026.

The notification was simultaneously sent to BSE Limited (Scrip Code: 544532) and National Stock Exchange of India Ltd. (Symbol: SOLARWORLD), ensuring compliance with listing requirements on both exchanges where the company's shares are traded.