Jhaveri Credits and Capital Receives Rs. 57.92 mn Solar Contract

23 Oct 2026 CW Team

Jhaveri Credits and Capital has received a letter of intent from the Gujarat Energy Development Agency (GEDA) for the supply, installation and commissioning of solar rooftop systems on government buildings in Gujarat. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements Regulations, 2015.

The letter covers systems with capacities ranging from 1 to 6 kW to be installed during FY27. The scope also includes a 10-year comprehensive maintenance contract, with the award subject to the security deposit and other terms and conditions specified in the tender.

The contract has been awarded by a domestic entity and has been classified as a one-time order. The company said the work is to be executed within 90 days. The disclosed consideration for the order is Rs. 57.92 mn, inclusive of the amount specified in the letter of intent.

The filing identified GEDA as the entity awarding the contract and provided the details in an annexure accompanying the company’s submission to BSE. The disclosure was made with reference to the applicable SEBI circulars, including the circular dated July 13, 2023, and the master circular dated January 30, 2026.

Jhaveri Credits and Capital also stated that its promoter, promoter group and group companies have no interest in GEDA. It further said the order would not fall under related-party transactions. Gaurav Shrimankar, company secretary and compliance officer, signed the intimation dated October 21, 2026.

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Jhaveri Credits and Capital Receives Rs. 57.92 mn Solar Contract

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