Saatvik Green Energy Ltd

Incorporated in 2015, Saatvik Green Energy Limited is the manufacturer of modules and offers engineering, procurement and construction (“EPC”).The company offer a comprehensive portfolio of solar module products that are currently manufactured using technologies that help reduce energy loss and enhance overall efficiency..The company commenced their manufacturing operations in 2016 and have over the years expanded the annual installed capacity, from 125 MW as of March 31, 2017 to about 3.80 GW as of June 30, 2025.The company operates two module manufacturing facilities in Ambala, Haryana (together, the “Ambala Facilities”) spread across a total land area of 724,225 square feet.Products:Monocrystalline passive emitter and rear cell (“Mono PERC”) modules.N-TopCon solar modules, both types are offered in mono-facial and bifacial options, suitable for various applications, including residential, commercial and utility-scale solar projects.As of June 30, 2025, March 31, 2025, March 31, 2024 and March 31, 2023, the company had 618, 566, 270 and 138 full-time employees.Competitive Strengths:Quality Customer Base and Large Order BookAmong the Leading Module Manufacturing Companies in India Offering Integrated Solutions to Independent Power ProducersInnovative Technology Solutions for the Solar IndustryMultiple Sales and Revenue ChannelsWell-Positioned to Capture Favourable Industry Tailwinds

Saatvik Green Energy Ltd proposes to utilise the net proceeds from the Issue for the following objects: