Saatvik Green Energy Ltd

Saatvik Green Energy Ltd has dispatched letters to shareholders, providing a web-link and QR code to access the Annual Report for FY 2025-26 and the Notice for the 11th Annual General Meeting (AGM). The AGM is scheduled for Thursday, September 24, 2026, at 11:30 a.m. IST, to be held via Video Conference/Other Audio-Visual Means. This communication is specifically for members whose email addresses are not registered with their Depository Participants. The company encourages shareholders to update their email addresses for future communications and to support its green initiatives. Details for e-voting, including cut-off dates and registration windows, have also been provided.

Saatvik Solar Industries Private Limited, a material subsidiary of Saatvik Green Energy Ltd, has received and accepted an order worth INR 297.5 Crores for the supply of Solar PV Modules. The order comes from two renowned Independent Power producers/EPC Players and is expected to be executed by March 2027. This significant order underscores the subsidiary's growing presence in the renewable energy sector and contributes to the company's overall business development. The transaction is classified as commercial and domestic, with no promoter interest involved.

Saatvik Green Energy Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. The report, which forms an integral part of the Annual Report, details the company's operations, employee data, and market presence. Key business activities include manufacturing of Solar-Photo Voltaic (PV) Modules, contributing 97.2% to turnover, and Solar EPC Projects at 2.8%. The company serves a diversified customer base across 28 national locations and 5 international countries, with exports accounting for 0.78% of total turnover. The report also provides employee statistics, including permanent and other than permanent staff, and details on differently-abled employees and workers. The reporting boundary is consolidated, with an exclusion for IHSPL due to its pending acquisition.

Saatvik Green Energy Ltd has announced its 11th Annual General Meeting (AGM) to be held on Thursday, September 24, 2026, at 11:30 AM IST via Video Conferencing/Other Audio-Visual Means (OAVM). The company also released its Annual Report for the Financial Year 2025-26, detailing its strategic blueprint for growth in India's energy transition. The report highlights significant scaling of manufacturing capacities in solar cells, modules, ingots, wafers, and encapsulants, alongside backward integration and expansion into complementary energy solutions like inverters, transformers, and solar pumps. Battery energy storage systems are also in the pipeline. The company aims to strengthen its position across the renewable energy value chain, contributing to India's energy security and industrial competitiveness.

Saatvik Green Energy Ltd has released its Annual Report for FY 2025-26, detailing its strategic 'New Energy Blueprint'. The report outlines the company's expansion plans across the renewable energy value chain, including significant scaling of solar cell, module, ingot, wafer, and encapsulant manufacturing capacities. It also highlights backward integration efforts and diversification into complementary solutions like inverters and transformers, with Battery Energy Storage Systems in the pipeline. The 11th Annual General Meeting is scheduled for September 24, 2026, to be held via Video Conferencing. The report emphasizes Saatvik's commitment to strengthening domestic manufacturing capabilities to support India's energy transition goals.

Saatvik Solar Industries Private Limited, a material subsidiary of Saatvik Green Energy Limited, has applied for enlistment under ALMM List-II for its 2.4 GW solar cell manufacturing facility in Odisha. The facility, located in Ganjam, will produce high-efficiency N-TOPCon G12R solar cells under the Domestic Content Requirement (DCR) category. This move strengthens Saatvik's domestic manufacturing capabilities and aligns with India's goal of building a self-reliant solar manufacturing ecosystem. CEO Prashant Mathur highlighted the milestone as crucial for building advanced and competitive solar manufacturing in India, supporting the industry's localization journey and contributing to the nation's renewable energy ambitions. The facility is part of Saatvik's broader expansion strategy, aiming to increase focus on high-efficiency cell and module technologies.

Saatvik Green Energy's material subsidiary, Saatvik Solar Industries Private Limited, has received and accepted a significant order worth INR 190 Crores. The order is from a renowned Independent Power producer/EPC Player for the supply of Solar PV Modules. The execution of this order is expected to be completed by March 2027. This commercial contract does not involve any interest from promoters or group companies and is not considered a related party transaction.

Saatvik Solar Industries Private Limited, a subsidiary of Saatvik Green Energy Ltd, has signed a Memorandum of Understanding (MoU) with the Government of Odisha to establish a 3.6 GW solar cell manufacturing facility at Gopalpur, Ganjam district. This Phase II expansion will complement the ongoing Phase I facility, which includes 2.4 GW of cell and 4 GW of module manufacturing capacity and is nearing commissioning. The new facility aims to boost Odisha's renewable energy manufacturing ecosystem, create employment, and strengthen India's solar value chain. Phase I is expected to commence operations shortly, with Phase II targeted for commercial production by FY28.

Saatvik Green Energy Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by Crisil Ratings Limited. This report, mandated by SEBI regulations, details the utilization of proceeds from the company's Initial Public Offer (IPO). The report confirms that the utilization of IPO proceeds is in line with the objects of the issue, with no deviations noted. Crisil Ratings Limited, acting as the Monitoring Agency, has provided an objective view based on information provided by the issuer and reliable sources. The report is also available on the company's website.

Saatvik Green Energy reported its unaudited financial results for Q1 FY27, with revenue from operations at ₹5,110 Mn, a decrease from ₹9,157 Mn in Q1 FY26. The company's confirmed order book stands strong at 6.35 GW, representing 132% of its installed module capacity. Debt-to-equity ratio improved to 0.99x from 1.28x in Q1 FY26. Saatvik is progressing with its integrated manufacturing expansion in Odisha, with cell and module lines nearing ramp-up. The company also diversified its portfolio with new product launches and received industry recognition for its brand and safety practices. Management remains focused on manufacturing scale-up, order execution, and value-chain integration.