Saatvik Subsidiary Secures Rs 712.5 Million Order

24 Apr 2026 CW Team

On April 21, 2026, Saatvik Green Energy Limited announced that its material subsidiary, Saatvik Solar Industries Private Limited, has received and accepted an order aggregating to Rs 712.5 mn for the supply of solar photovoltaic modules from a renowned independent power producer and EPC player. The disclosure was filed with the Bombay Stock Exchange and the National Stock Exchange under Regulation 30 of the SEBI Listing Regulations. The company noted that the order relates to commercial domestic supply.

The order is scheduled to be executed by May 2026 and constitutes a single contract for delivery of solar PV modules. The filing described the counterparty as a domestic entity and confirmed that the engagement is commercial in nature. An annexure provided details of the order particulars as required under the SEBI master circular. The company additionally stated that the order has been accepted by Saatvik Solar Industries Private Limited.

Saatvik Green Energy stated that promoters and group companies have no interest in the purchasing entity and that the contract does not qualify as a related party transaction. The company confirmed there is no promoter or promoter group interest and that the arrangement is not within related party transactions. Details of the terms and conditions were summarised in an annexure to the stock exchange filings.

The disclosure has been posted on the company website and the stock exchange records to ensure transparency for investors and regulators. The managing director authorised the submission and the company requested that the exchanges take the information on record. The stock filing referenced scrip code 544526 and the symbol SAATVIKGL on the exchanges. Investors and market participants can refer to the exchange filings and the corporate website for the full notice and annexure.

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