Saatvik acquires 80% of Melcon Transformers for ₹24 Mn

Saatvik Green Energy Limited has entered into a Share Purchase Agreement on April 23, 2026, to acquire 8,000 equity shares, representing an 80% stake, in Melcon Transformers and Electricals Private Limited for a cash consideration of ₹24 million. Melcon, an Indian transformer manufacturer incorporated in 2005, reported a turnover of ₹4,17,25,820 in FY2025. This strategic acquisition enables Saatvik to diversify into transformer manufacturing, establishing a strong presence in a critical segment of the power value chain. The company aims to become a fully integrated energy solutions provider, leveraging combined capabilities to enhance operational and market synergies, improve execution efficiency, and gain greater control over key components and supply chains. The acquisition is expected to be completed within 30 days.