NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company3d ago · 18 Sept 2026, 08:52 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Solarworld Energy Solutions Limited · SOLARWORLD
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Solarworld Energy Solutions Limited has informed the Exchange about the outcome of two related contractual dispute resolution proceedings involving the Company, resulting in awards totaling ₹ 40,26,74,640/-.
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Solarworld Energy Solutions Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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September 18, 2026
To, To,
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block,
Dalal Street, Bandra-Kurla Complex,
Mumbai- 400001 Bandra (E), Mumbai – 400051
Scrip Code: 544532 Symbol: SOLARWORLD
Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 – Outcome of Dispute Adjudication Board Proceedings (100 MW GUVNL Phase XIII and 260 MW GUVNL Phase
XIV Solar PV Projects)
Dear Sir/Madam,
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI Listing Regulations”), read with Clause 8 of Para B of Part A of Schedule III thereto, we hereby
inform you of the outcome of two related contractual dispute resolution proceedings involving the Company, the details of
which are set out below and in the Annexures hereto.
The Company, as EPC Contractor, had invoked the Dispute Adjudication Board (“DAB”) mechanism under Clause 3.68 of
the Conditions of Contract in respect of certain claims arising under its two EPC contracts with SJVN Green Energy Limited
(“SGEL”), a wholly owned subsidiary of SJVN Limited, for (i) the 100 MW (AC) Solar Photovoltaic Power Project at Village
Mothara, Tehsil Abdasa, District Kutch, Gujarat (GUVNL Phase XIII) (“100 MW project”); and (ii) the 260 MW (AC) Solar
Photovoltaic Power Project at the same location (GUVNL Phase XIV) (“260 MW project”). The Sole Adjudicator constituting
the DAB for both contracts has passed separate Final Reasoned Determinations & Awards Case Reference No.
DAB/100MW/01/2026 for 100 MW project and Case Reference No. DAB/260MW/01/2026 for 260 MW project.
Particulars of each Award are set out in Annexure A (100 MW project) and Annexure B (260 MW project) enclosed herewith,
in the format prescribed under the SEBI Master Circular dated January 30, 2026, bearing reference no.
SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026.
The above information will be made available on the Company’s website at https://worldsolar.in/
Date and time of occurrence of event: September 18, 2026 at 3:24 p.m. (IST), being the date and time of receipt of the physical
copy of the communication at the Corporate Office of the Company.
Kindly take the above information on record.
Thanking you,
Yours faithfully,
For Solarworld Energy Solutions Limited
(Formerly known as Solarworld Energy Solutions Private Limited)
Kartik Teltia
Managing Director
DIN: 06610105
Annexure A
Disclosure under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No.
SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
100 MW (AC) Solar PV Project – GUVNL Phase XIII – Case Ref. No. DAB/100MW/01/2026
Sr. No. Particulars Details
1. Name(s) of the opposing party, court/ Dispute Adjudication Board (“DAB”) constituted under Clause
tribunal/agency where litigation is filed 3.68 of the Conditions of Contract; Sole Adjudicator – Er. Harish
Kumar Sharma, Former Executive Director, SJVN Limited and
Impaneled Independent Engineer, Ministry of Power,
Government of India.
2. Brief details of dispute/litigation Contractual dispute (Case Ref. No. DAB/100MW/01/2026)
between Company (Claimant / EPC Contractor) and SJVN Green
Energy Limited (Respondent / Employer) arising out of the EPC
Contract for the 100 MW (AC) Solar Photovoltaic Power Project,
Village Mothara, Tehsil Abdasa, District Kutch, Gujarat (GUVNL
Phase XIII), comprising twelve claim heads amounting to
₹ 56,50,60,742/- relating to release of retention monies, overdue
supply invoices, delay financing interest, site preservation and
module insurance costs, loss of profit, and related matters.
3. Expected financial implications, if any, due The key financial implications of the Award are set out below
to compensation, penalty etc
Total awarded / admitted value: ₹ 13,76,99,597/-,
comprising liquid cash outlay of ₹ 5,78,98,417/- and
retention release (against Bank Guarantee/Insurance Surety
Bond substitution) of ₹ 7,98,01,180/-
4. Quantum of claims, if any Refer point no. 3 above
Annexure B
Disclosure under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No.
SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
260 MW (AC) Solar PV Project – GUVNL Phase XIV – Case Ref. No. DAB/260MW/01/2026
Sr. No. Particulars Details
1. Name(s) of the opposing party, court/ Dispute Adjudication Board (“DAB”) constituted under Clause
tribunal/agency where litigation is filed 3.68 of the Conditions of Contract; Sole Adjudicator – Er. Harish
Kumar Sharma, Former Executive Director, SJVN Limited and
Impaneled Independent Engineer, Ministry of Power,
Government of India.
2. Brief details of dispute/litigation Contractual dispute (Case Ref. No. DAB/260MW/01/2026)
between Company (Claimant / EPC Contractor) and SJVN Green
Energy Limited (Respondent / Employer) arising out of the EPC
Contract for the 260 MW (AC) Solar Photovoltaic Power Project,
Village Mothara, Tehsil Abdasa, District Kutch, Gujarat (GUVNL
Phase XIV), comprising eight claim heads amounting to
₹ 1,62,82,85,096/- relating to release of retention monies,
financing/delay interest on DC cables, site operating and asset
preservation costs, loss of profit, and related matters.
3. Expected financial implications, if any, due The key financial implications of the Award are set out below
to compensation, penalty etc
Total awarded / admitted value: ₹ 26,49,75,043/-,
comprising liquid cash outlay of ₹ 2,08,59,223/- and
retention release (against Bank Guarantee/Insurance Surety
Bond substitution) of ₹ 24,41,15,820/-
4. Quantum of claims, if any Refer point no. 3 above