BSECompany Update2 Nov 2026 · 2 Nov 2026, 08:20 pm

Intimation under Regulation 30- Commencement of Commercial Production

Saatvik Green Energy Ltd · 544526

✦ AI Summary▲ PositiveExpansion

Saatvik Green Energy Ltd has commenced commercial production of solar photovoltaic (PV) modules at its Gopalpur Facility in Odisha, marking a significant milestone in the company's manufacturing expansion plans.

Analysis Scores

Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10

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Saatvik Green Energy Ltd - 544526 - Intimation Under Regulation 30 Of SEBI LODR - Commencement Of Commercial Production At Gopalpur Solar PV Module Manufacturing Facility, Odisha

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Ref.: SGEL/SE/2026-27/64 November 2, 2026 To, To, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street Exchange Plaza, C-1, Block G, Bandra Kurla Mumbai – 400001 Complex Bandra (E), Mumbai – 400 051 Scrip Code: 544526 Symbol: SAATVIKGL Sub.: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 - Commencement of Commercial Production at Gopalpur Solar PV Module Manufacturing Facility, Odisha Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations"), and the applicable provisions of the SEBI Master Circular, we wish to inform you that Saatvik Solar Industries Private Limited ("SSIPL"), a wholly owned and material subsidiary of the Company, has commenced commercial production of solar photovoltaic (PV) modules at its manufacturing facility located at National Highway-16, Chamakhandi, Gopalpur Industrial Park, Gopalpur, District Ganjam - 761020, Odisha ("Gopalpur Facility") with effect from November 2, 2026. The establishment of the Gopalpur Facility forms part of the Objects of the Company’s Initial Public Offer ("IPO"), as disclosed in the Prospectus dated September 23, 2025, which sets out details of the proposed 4 GW solar PV module manufacturing facility. We further wish to inform you that commercial production has commenced under Phase I of the project, with a production capacity of approximately 1.3 GW of solar PV modules. The remaining capacity is proposed to be commissioned in subsequent phases. The commencement of production at the Gopalpur Facility marks a significant milestone in the Company’s manufacturing expansion plans and is expected to strengthen its production capabilities, enhance operational scale, and support the Company's future growth as the remaining phases of the project are implemented. The same is available on the website of the Company i.e. https://saatvikgroup.com You are requested to kindly take the above information on your record. Thanking you, For Saatvik Green Energy Limited Jyoti Verma Company Secretary & Compliance Officer Saatvik Green Energy Limited (a Saatvik Group Company) Corporate Office: Tower A, IFFCO Complex, Plot No. 3, Institutional Area, Sector 32, Gurugram, Haryana- 122001, Tel.: 1800-547-1151 | W.: www.saatvikgroup.com | E.: info@saatvikgroup.com| CIN: L40106HR2015PLC075578 Registered Office: Village Dubli, V.P.O. Bihta, Tehsil Ambala, Haryana- 133101, India