Saatvik Green Energy Ltd

Subsidiary status change

• Subsidiary converted from private to public company with effect Sept 28, 2026.
• Name updated to Saatvik Transvolt Solutions Limited in MCA records.
• CIN revised to U31102RJ2005PLC020217.
• Regulatory disclosure under Regulation 30 of SEBI LODR.

Saatvik Green Energy Limited: Trading window closed from October 01, 2026 until 48 hours after the declaration of the unaudited financial results for the quarter ending on September 30, 2026.

AGM details

• Date and time: September 24, 2026, 11:30 AM IST, via VC/OAVM.
• Cut-off for voting: September 17, 2026.
• Total shareholders on record: 70,193.
• VC/OAVM attendance: 6 promoter group, 36 public.

Resolutions

• Item 1: Adopt audited standalone and consolidated financial statements for year ended 31 March 2026.
• Item 2: Reappoint Neelesh Garg as director (Chairman and MD) retiring by rotation.
• Item 3: Ratify remuneration of Cost Auditor for FY 2026-27.

Voting results

• Item 1: Passed with requisite majority; negligible dissent.
• Item 2: Passed; 248 votes against.
• Item 3: Passed; minimal opposition.

Directors

• Neelesh Garg reappointed as director (Chairman and Managing Director).

Auditors

• Cost Auditor remuneration for FY 2026-27 ratified.

AGM Details

• Date/time/mode: Sep 24, 2026 at 11:30 AM IST via VC/OAVM.
• Cut-off date for voting eligibility: Sep 17, 2026.

Resolutions

• Ordinary resolution to adopt standalone and consolidated financial statements passed with requisite majority.
• Ordinary resolution for re-appointment of Neelesh Garg passed with requisite majority.
• Ordinary resolution to ratify Cost Auditor remuneration for FY 2026-27 passed.

AGM details

• AGM held on Sep 24, 2026 at 11:30 a.m. IST via VC/OAVM.
• Meeting concluded at 12:21 p.m. IST.
• Remote e-voting held Sep 21–23, 2026; e-voting during the AGM.

Key resolutions

• Ordinary: adopt Audited standalone and consolidated financial statements for the year ended Mar 31, 2026.
• Ordinary: re-appointment of Neelesh Garg, Chairman and MD, by rotation.
• Ordinary: ratification of remuneration of Cost Auditor for FY 2026-27.

Director changes

• Re-appointment of Neelesh Garg as director by rotation.

Auditor approvals

• Remuneration of Cost Auditor for FY 2026-27 ratified.

Voting results

• All resolutions passed with the requisite majority.

SECI order win details

• SECI awarded a 600 MWp order for domestically manufactured solar PV modules.
• Aggregate value is ₹1,041.63 crore, with execution scheduled by December 2027.
• The 600 MWp package covers manufacturing, testing, packing, supply, and transport.
• The award strengthens Saatvik as a preferred domestic supplier for large government-backed projects.
• Saatvik capacity highlights: 4.86 GW Ambala facility; Odisha Phase I includes 2.4 GW cell and 4 GW module.

Key order details

• SECI awarded Saatvik the contract to supply Solar PV Modules.
• Scope: supply of Solar PV Modules under the contract.
• Aggregate order value: INR 1,041.63 crores.
• Awarding entity is domestic (SECI, India).
• Execution to be completed by December 2027.
• Contract type: commercial supply arrangement.
• Promoter/group interest: none.
• Related party transactions: not applicable.

Subsidiary name change

• Subsidiary renamed: Melcon Transformers and Electricals Pvt Ltd to Saatvik Transvolt Solutions Pvt Ltd, effective Sep 7, 2026.
• Approval by Ministry of Corporate Affairs obtained.

AGM notice and online access

• 11th AGM scheduled for Sept 24, 2026 at 11:30 IST via VC/OAVM.
• AR 2025-26 and AGM Notice dispatched electronically to members with registered emails.
• Notice and AR accessible on the company website; unregistered members may access via links/QR.
• Cut-off date for e-voting entitlement: Sept 17, 2026.
• E-voting window: Sept 21, 2026 09:00 IST to Sept 23, 2026 17:00 IST.
• Speaker registration window runs Sept 17-21, 2026.
• NSDL e-voting support contacts provided in communications.

Order details

• Awarding entity: two domestic Independent Power Producers/EPC players.
• Scope: supply of solar PV modules.
• Value: INR 297.5 crores.
• Domestic awarding entity: Yes.
• Execution timeline: by March 2027.
• Related party/promoter interest: No; arm's length not applicable.
• Material impact: disclosed order value; no further impact stated.