Analysts/Institutional Investor Meet/Con. Call Updates

Ref.: SGEL/SE/2026-27/42 August 18, 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 Dear Sir/Madam, Sub: Transcript of Earnings Conference Call for the Quarter ended June 30, 2026 Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, please find attached the transcript of the earnings conference call held on August 14, 2026 at 05:30 P.M. (IST) for the Quarter ended June 30, 2026. The aforesaid transcript of the earnings conference call is also 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 (Formerly known as Saatvik Green Energy Private Limited) Jyoti Verma Company Secretary & Compliance Officer Enc.: a/a Saatvik Green Energy Limited (formerly known as Saatvik Green Energy Private 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 “Saatvik Green Energy Limited 1 QFY27 Earnings Conference Call” August 14, 2026 MANAGEMENT: MR. NEELESH GARG – CHAIRMAN AND MANAGING DIRECTOR – SAATVIK GREEN ENERGY LIMITED MR. PRASHANT MATHUR – CHIEF EXECUTIVE OFFICER – SAATVIK GREEN ENERGY LIMITED MR. RISHABH MEHTTA – INTERIM CHIEF FINANCIAL OFFICER – SAATVIK GREEN ENERGY LIMITED ADFACTORS PR – INVESTOR RELATIONS TEAM– SAATVIK GREEN ENERGY LIMITED MODERATOR: MR. PRAKHAR PORWAL – AMBIT CAPITAL Saatvik Green Energy Limited August 14, 2026 Moderator: Ladies and gentlemen, good day and welcome to Saatvik Green Energy Limited, 1QFY27 Earnings Conference Call, hosted by Ambit Capital Private Limited. As a reminder, all participant lines will be in listen-only mode, and you will have an opportunity to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that, this conference is being recorded. I now hand over the conference to Mr. Prakhar Porwal from Ambit Capital. Thank you, and over to you, sir. Prakhar Porwal: Thank you. Good evening everyone, and welcome to the Q1 FY27 Earnings Call of Saatvik Green Energy Limited. Today, we have with us Mr. Neelesh Garg, Chairman and MD; Mr. Prashant Mathur, CEO; Mr. Rishabh Mehtta, Interim CFO; and Adfactors IR team. We will begin the call with opening remarks from the management, after which we will have the forum open for an interactive Q&A session. I must remind you that this conference call may include forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as of the date of this call. The statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. I now hand over the conference to Mr. Neelesh Garg, Chairman and MD of Saatvik Green Energy Limited, for opening remarks. Thank you, and over to you, sir. Neelesh Garg: Hi, good evening everyone and a very warm welcome to Saatvik Green Energy Limited's earnings call to discuss our performance for the first quarter of financial year 27. Thank you all for joining us today and for your continued trust, confidence, and support towards Saatvik. Quarter one, financial year '27 marks an important Phase in Saatvik's journey. While the quarter saw relatively moderate financial and operational performance, it was also a period of significant progress on our strategic priorities, particularly our transition to a more integrated Solar Manufacturing platform. Let me begin with an update on our Odisha integrated manufacturing project, which remains one of the key milestones in this transition. The Phase 1 project, spread across 57 acres, comprises 2.4 gigawatt of cell manufacturing capacity and 4 gigawatt of module manufacturing capacity. I am pleased to share that the project continues to progress well and remains firmly on track. On the Cell Manufacturing side, the project is progressing well and remains on track for the upcoming ramp-up. Tool move-in activities have commenced, followed by tool assembly and associated installation works. Several critical utility and infrastructure milestones have also been achieved. The electrical room is ready for charging, while compressor installation and associated piping works have been completed. Page 2 of 15 Saatvik Green Energy Limited August 14, 2026 HVAC ducting works and MAU mechanical piping works have also been completed, while exhaust ducting installation is complete, and blower connection works are currently in progress. In parallel, installation of emergency doors, et cetera, is underway. Overall, the key equipment, utilities, and supporting infrastructure are progressing as planned, and the cell line is now moving towards operational readiness. We expect the cell line ramp-up to commence shortly, with the ALMM-2 inspection planned for September 2026. On the module manufacturing side, equipment movement and installation activities have progressed substantially. Testing, validation, trial runs, and process stabilisation activities are underway, with the module line also approaching the production ramp-up stage. The Odisha facility represents a significant step forward in strengthening our manufacturing capabilities and advancing our integrated solar manufacturing strategy. With both cell and module capacities coming up at the same location, the facility will enhance our ability to serve customers with a more integrated and resilient manufacturing platform. Beyond Phase 1, we are also progressing with the next stages of our manufacturing expansion. Phase 2, spread across 27 acres, envisages an additional 3.6 gigawatt of cell manufacturing capacity, taking our total cell manufacturing capacity to 6 gigawatts. Site activities for Phase 2 are targeted to commence by the end of quarter two, financial year 27, with the project targeted for completion by the end of FY28. In parallel, we have initiated planning for Phase 3, which envisages 6 gigawatt of ingot and wafer manufacturing capacity. The Phase 3 project is targeted for completion in FY29 and is aligned with the anticipated ALMM-3 transition. Together, these Phases will enable us to progressively deepen our backward integration, strengthen supply chain resilience, and build a more comprehensive domestic solar manufacturing ecosystem. Against this backdrop, Q1 FY27 was a relatively moderate quarter from a financial and operational perspective. The quarter was impacted by a combination of external and industry- specific factors. The ongoing geopolitical situation and associated supply chain uncertainties continued to influence global markets. Commodity prices remained volatile, logistics costs remained elevated, and foreign currency fluctuations added further variability to the cost environment. On the customer side, certain customers adopted a wait-and-watch approach during the quarter, as they sought greater clarity around regulatory developments, domestic sourcing requirements, and the prevailing market environment. As a result, some procurement decisions and execution schedules were deferred. Importantly, we also remained disciplined in our approach towards order execution. We remained selective in the orders we executed, with a clear focus on executing orders that provided healthy contribution and sustainable commercial returns. We believe this is the right approach for the business. Our objective is not to pursue volu [Showing first 8,000 characters — download PDF for full document]